SINGAPORE, June 27, 2018 /PRNewswire/ -- fidentiaX, the World's 1st marketplace for tradable policies powered by the blockchain technology, has been named among the Top 25 Emerging Tech Solution Providers 2018 by the distinguished CIO Advisor Magazine. The recognition comes as a result of fidentiaX's sustained efforts to leverage the latest technologies and utilize their innovative capabilities to develop an efficient, secure, transparent and active market for tradable policies.
With a myriad of new emerging technologies looming across all domains in the Asia Pacific Region and promising to transform the way businesses operate, competition for the top 25 was ferocious, counting more than 600 contenders. To assess the most deserving solution providers, CIO Advisor Magazine assembled a highly acclaimed panel of judges comprising on CEOs, CIOs, VCs, industry analysts and the CIO Advisor's editorial board.
After undergoing a multi-layered selection process that included nominations from CIO Advisor's subscribers, thorough investigation by the CIO Advisor's market team, active tracking of market reports, industry news, social media engagements, surveys and industry events and finally the close re-evaluation by the CIO Advisor Evaluation Board and the Advisory Committee, fidentiaX has been found to meet all the necessary criteria to be included in the exclusive top 25. The criteria requirements focused on the vendor's ability to build solutions and services that can effectively serve both an economical and a productive scope in the timeliest manner made possible by virtualization.
This year's top 25 also included notable companies that focus on novel payment solutions, virtual reality, telecommunications and IoT and aim to provide unmatched experiences and drive transformation across a diverse number of sectors.
"fidentiaX is extremely honored to receive this recognition, as it acknowledges the changes that we are striving to create in the insurance industry and the efforts our teams are entailing to leverage blockchain technology in order to sustain a transparent marketplace for tradable policies," said Fabian Pan, the COO of fidentiaX.
CIO Advisor Magazine is well-known in the APAC region for reporting on the latest and most promising emerging technologies. As a B2B print magazine reaching the hands of more than 30,000 senior level IT leaders and CEOs, CIOs, CTOs, VPs and Directors in the manufacturing, banking, financial, energy, construction, retail and automotive industries, it provides a trustworthy report on the current and future state of affairs in tech, marketing and the economy.
fidentiaX is a Singapore-based fintech start-up that aims to revolutionize the insurance industry by providing the first transparent, secure and efficient marketplace to trade policies through blockchain technology. fidentiaX enables insurance policyholders to sell their policies to attain a higher value than by surrendering these to insurance providers. On the other hand, interested buyers have the option to purchase stable investments that are not highly impacted by the volatility of stock market.
Users will also be able to digitise and store their hardcopy insurance documents from various insurers. In doing so, they will be able to see an overview of all the policies they own and insurance gaps that they might have. Additional features will include cashflow projection and a e-Alert notification system for future premiums payable. With an intelligent adoption of blockchain technology, fidentiaX policy ledger has the potential to simplify future underwriting processes and creates an efficient ecosystem.
To discover more about the unique benefits of fidentiaX please visit www.fidentiaX.com or contact us by one of the following channels.