Tagged: oneconnect

August 4, 2021 @ 10:36 pm By Omar Faridi  |  

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), an established  technology-as-a-service platform for financial institutions based in China, has released its unaudited financial results for Q2 2021 and H1 for the period ending June 30, 2021. As noted by OneConnect, revenue surged 25.0% YoY to RMB968… Read More

April 10, 2021 @ 8:13 pm By Omar Faridi  |  

Ping An OneConnect Bank (PAOB) recently revealed that it has teamed up with JETCO in order to provide cardless ATM withdrawal services. PAOB clients will now have the option to make cash withdrawals from over 1,700 JETCO ATM machines based in Hong Kong. Customers may… Read More

February 13, 2021 @ 2:31 pm By Omar Faridi  |  

Big Four auditing company KPMG recently published its annual selection of China’s top Fintech firms. This year, the China Fintech 50 report was updated to include 100 companies to showcase the financial technology industry’s rapid growth and fast-evolving landscape. The 2020 China Fintech 50 list,… Read More

December 22, 2020 @ 10:42 pm By Omar Faridi  |  

Fintech has transitioned from the innovation and early development stages of OneConnect’s financial services offering to becoming its catalyst of business growth, according to Ye Wangchun, Chairperson and CEO of OneConnect Financial Technology Co., Ltd. (NYSE: OCFT). Ye‘s recent comments came during the fourth annual… Read More

November 29, 2020 @ 5:39 pm By Omar Faridi  |  

Ping An’s technology division OneConnect will be expanding its operations into Malaysian markets. OneConnect is notably among the few companies that have acquired a digital banking license from the Hong Kong Monetary Authority. OneConnect is also supporting the BEYOND consortium (in Singapore) as a key… Read More

September 28, 2020 @ 8:27 am By Omar Faridi  |  

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), an established technology-as-a-service platform for financial institutions, has won the Platinum Award for Digital Banking at the IFTA FinTech Achievement Awards 2019, “in recognition for the innovation of its OneConnect Bank Solution.” Daniel Ling, GM at OneConnect’s Hong… Read More

September 8, 2020 @ 11:28 pm By Omar Faridi  |  

Chinese insurance giant Ping An recently pointed out that Fintech has the potential to enhance operational efficiency by reducing business costs and lowering certain risks in the financial services sector. Supporting SMEs is one way more established institutions can enable digital transformation across the financial… Read More

August 7, 2020 @ 11:26 am By Samantha Hurst  |  

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced earlier this week it has joined forces with Swiss Reinsurance Company Ltd. (Swiss Re) to co-develop a digital end-to-end solution for motor claims handling for the European market, based… Read More

June 15, 2020 @ 10:33 pm By Omar Faridi  |  

The rise of Chinese Fintech firms as major industry participants across Asia is playing a vital role in transforming the region’s financial services ecosystem. Joe Ngai, partner at consultants McKinsey & Co, confirmed: “Chinese Fintech companies have been expanding overseas.”  In 2016, Ant Financial, the… Read More

April 26, 2020 @ 8:18 pm By Omar Faridi  |  

Ping An Insurance Group, China’s largest insurance and logistics conglomerate, has released its Q1 2020 financial results for the three months ending on March 31, 2020. Ping An’s management noted that they are coping with the Coronavirus (COVID-19) outbreak by adopting measures which include a… Read More

April 26, 2020 @ 9:42 am By Xu Gao  |  

People’s Bank of China Held 2020 Anti-Money Laundering Work Virtual Conference On April 15th, the 2020 PBC Anti-Money Laundering Work Virtual Conference was held in Beijing. The conference fully recognized AML achievements made by the People’s Bank of China (PBC) in 2019, analyzing the current… Read More

April 5, 2020 @ 8:01 pm By Omar Faridi  |  

OneConnect Financial Technology, the Fintech division of Ping An Insurance, China’s largest insurance and logistics conglomerate, has partnered with the China Merchants Port Group (CMPort), in order to develop a blockchain or distributed ledger tech (DLT)-enabled logistics platform. The DLT-based solution is being created for… Read More

December 27, 2019 @ 11:44 am By Omar Faridi  |  

OneConnect recently launched SBI OneConnect Japan (in Tokyo), which is a joint initiative with Japanese financial services giant SBI Holdings. The platform offers cloud-powered and artificial intelligence (AI)-enhanced technological services to local financial institutions in order to assist them with their digital transformation efforts. In… Read More

December 13, 2019 @ 3:53 pm By JD Alois  |  

OneConnect (NYSE:OCFT), a Fintech off-shoot of Ping An, listed its shares on the New York Stock Exchange (NYSE) today. The initial public offering raised around $260 million following a decision to slice the offer in half due to demand concerns. Ping An is one of… Read More

October 1, 2019 @ 10:18 pm By Xu Gao  |  

The CBIRC and PBC Jointly Release 2019 China Inclusive Finance Development Report On September 29th, the China Banking and Insurance Regulatory Commission (CBIRC) and the People’s Bank of China (PBC) jointly released the “2019 China Inclusive Finance Development Report ” (hereinafter referred to as the… Read More

September 11, 2019 @ 7:42 am By Samantha Hurst  |  

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced on Wednesday it has signed a memorandum of understanding (MoU) with insurer Asuransi Sinarmas, a unit of Sinarmas. OneConnect reported that through the MoU it will enable Asuransi Sinarmas to… Read More

August 18, 2019 @ 10:11 pm By Samantha Hurst  |  

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced last week the launch of its Data Governance Solution in China. OneConnect reported that its solution can support smart management for all scenarios and a large amount of data…. Read More

July 22, 2019 @ 8:34 am By Samantha Hurst  |  

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced on Monday it has formed a new partnership with UnionBank’s fintech subsidiary UBX to co-create a blockchain-enable platform for MSMEs in the Philippines. According to the duo, this new partnership… Read More

February 21, 2019 @ 4:14 pm By Samantha Hurst  |  

OneConnect, a subsidiary of China’s insurance giant, Ping An, announced on Thursday it has commenced operations in Indonesia to enable local banks and financial institutions to accelerate their efforts in digitization of financial services and move towards a more inclusive financial industry. This news comes just a few months… Read More