News Tech: The top Technology-as-a-Service (“TaaS”) provider, OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company,” Stock Code: 6638.HK), was named to the 2022 IDC China Fintech Top 50 for the third year running at the 2022 IDC Digital Finance Awards in Beijing on August 18. The prize was given to the company by International Data Corporation (“IDC”) in recognition of its excellent achievements in the areas of “technology empowerment,” “innovations and transformations,” and “financial services.” The 2022 IDC China Financial Industry Technology Application Scenario Innovation Award went to Huaxia Bank, a OneConnect client in China, for its Big Data Risk Identification & Early Warning Platform (“Dragon Shield System”) that was made possible by OneConnect’s technology.
OneConnect is the first TaaS provider to complete a dual main listing on the New York Stock Exchange and Hong Kong Exchanges and Clearing Limited. OneConnect offers software and technologically enhanced business solutions to financial institutions by fusing significant industry knowledge of the financial services sector with cutting-edge technology. The company’s products assist clients in implementing digital transformations that increase productivity, improve service quality, and lower costs and risks.
IDC is the top organisation for technology market research in the globe, and it is renowned for producing reliable and trustworthy studies. It is also the first organisation conducting international market research to enter China. The “IDC China FinTech Top 50” list was introduced in 2020 with the goal of honouring fintech companies that provide financial institutions with cutting-edge technology and fintech solutions that solve problems or pave the way for the creation of specialised services for various financial institution scenarios. It intends to give the market a thorough understanding of China’s fintech ecosystems, evaluating their capacity for going digital and assisting in the expansion of financial institutions’ businesses.
The Company has taken advantage of Ping An’s three decades of financial services industry experience as an associate. In order to meet the needs of financial institutions for their digital transformation, the Company has developed long-term partnerships with them. Digital Banking, Digital Insurance, and Gamma Platform, a digital infrastructure platform for financial institutions, are among the integrated solutions and platform the company offers. To support the overall digital transformation of the financial services ecosystem, the company advanced the “One Body and Two Wings” strategy in September 2021 and increased the scope of its service offerings to clients in the government, regulatory, and enterprise sectors. Additionally, the business has been successful in supplying foreign financial institutions with “Made in China” technology solutions. The business has provided services to over 100 clients in 20 different countries and regions.
OneConnect Financial Technology Co. Ltd. (“The Company”) is a top platform for financial institutions that offers technology as a service. The high-tech firm, which is well-known worldwide, acquired dual primary listing in Hong Kong in 2022 and was listed on the New York Stock Exchange in 2019 (NYSE: OCFT) (HKEX: 6638). The company offers financial institutions technological solutions and business services that are supported by technology by combining significant knowledge of the financial services sector with cutting-edge technology. These solutions support the digital transitions that our clients are pursuing in order to boost profits, control risks, raise productivity, boost service quality, and cut costs.
A Ping An Group affiliate is OneConnect. In order to effectively support and respond to financial institutions’ demands for digital transformation, OneConnect has built long-lasting connections with them by drawing on Ping An Group’s broad experience of over 30 years in the financial services industry. In addition to its knowledge and experience as a top provider of digital banking solutions, OneConnect also actively supports financial institutions’ digital transformation and offers trade, credit, supply chain, data security, risk management, and other related scientific and technological services to governmental, regulatory, and enterprise users. More than 20 nations and areas are currently served by the company. OneConnect has cutting-edge technological capabilities for financial services in blockchain, financial cloud, big data analytics, and artificial intelligence. The company had filed 5,652 global patent applications as of December 31, 2021, including 1,525 applications from outside. A total of 61 international professional awards have been given to the company, including four consecutive IDC Awards, the prestigious Wu Wen Jun AI Science and Technology Award, the BAI Global Insurance Certification Award, the first place in the OMG Micro-expression Competition, the first place in Machine Learning in the DROP Leaderboard, and the international CMMI5 certification.
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