#China #Shenzhen #Waton Securities #Golden Cicada #Digital Empowerment

Waton Securities International Honored at 2024 Financial Oscars

In early December 2024, the prestigious 18th Huaxia Institutional Investor Annual Conference took place, where the Golden Cicada Awards were unveiled. Among the distinguished winners, Waton Securities International stood out with the title of “Outstanding Digital Empowerment Financial Institution of 2024.” This recognition underscores the company's notable accomplishments within the securities brokerage and financial technology sectors.

The criteria for selecting the “Outstanding Digital Empowerment Financial Institution” were stringent. They included evaluating the participants on multiple facets such as financial performance, market competitiveness, customer recognition, digital strategy planning and implementation, and risk control capabilities. The awards specifically highlighted those institutions making tangible strides in digital transformation.

Waton Securities International distinguished itself from its competitors due to its exceptional technology infrastructure, well-articulated digital strategy, significant transformative initiatives, and effective risk management strategies. The company, founded in Hong Kong in 1989, has established itself as a key player in professional financial services and regulatory compliance over the years, holding licenses 1, 4, 5, and 9 from the Hong Kong Securities and Futures Commission. This positions them as a fully licensed brokerage with extensive financial service qualifications.

Waton Securities has embraced technological innovation to pioneer a one-stop brokerage cloud service platform, which facilitates the global advancement of digital financial technologies. Its flagship product, the “Broker Cloud,” enables corporate clients to autonomously deploy and manage high-performance digital customer information management and trading systems without the need for dedicated IT teams. This solution is not only cost-effective but also customizable, making it a core competitive advantage for Waton Securities.

According to recent data, in Hong Kong alone, there are approximately 1,100 securities firms, with around 600 actively trading. However, less than 50 of these companies have developed their mobile applications. On a global scale, out of around 30,000 securities firms, fewer than 300 offer brokerage trading apps on app stores. This stark reality reveals a pressing demand for digital enhancement within the securities industry.

The industry is undergoing rapid changes powered by cutting-edge technologies like generative AI, blockchain, big data, and cloud computing. These tools empower firms to streamline their trading strategies, conduct more accurate risk assessments, and forecast market trends effectively. Consequently, financial institutions are increasingly pivoting towards integrated, platform-centric, and digital operations. The overarching goal is to enhance efficiency across financial services—creating a robust technological foundation tailored for the financial sector.

Waton Securities International, with its commitment to digital advancement and innovation, is poised to continue its leadership in the financial services landscape, promoting efficiency and responsiveness in an ever-evolving market environment.

As we move forward, the growth trajectory of Waton Securities will undoubtedly contribute to shaping the future of fintech and digital transformation within the industry. Their accolade at the Golden Cicada Awards is not just recognition; it is a testament to their dedication to excellence and innovation in a digital-first world.