SHENZHEN, China, Oct. 19, 2020 /PRNewswire/ -- OneConnect
Financial Technology Co., Ltd. ("OneConnect" or the "Company")
(NYSE: OCFT) has been recognized for its innovative OneConnect
Financial Cloud with the Real Results Digital Trust Award from
International Data Corporation (IDC), the premier global
provider of market intelligence, advisory services, and events. The
company was the only Chinese company to win the award this year,
which goes to information technology providers who have enabled a
significant change at a client financial institution.
OneConnect also ranked 66 in IDC's FinTech Rankings Top 100
list. The IDC FinTech Rankings are based on calendar year revenues
from financial institutions for hardware, software, and/or
"The inclusion in the Top 100 list is a testament to
OneConnect's superior position in the global fintech services
industry, supported by our cutting-edge
technological capabilities in the financial industry such as
artificial intelligence, big data, blockchain and financial cloud,"
said Ye Wangchun, Chairman and CEO of OneConnect.
OneConnect, an associate of Ping An Group, is a world-leading
technology service platform for financial institutions in
China. It provides comprehensive
end-to-end solutions for banks, insurers, and investment managers
by integrating extensive financial services experience with
The Company enables customers to manage risks, enhance service
quality, improve efficiency, increase revenue and reduce costs
in their digital transformations. As of June
30, 2020, the Company served over 50 international customers
in over 15 markets.
OneConnect has strong cloud computing capabilities with the
leading financial cloud platform in China, covering banking, insurance,
securities, investment and other financial industry systems.
OneConnect Financial Cloud is managing nearly 300,000 hosts, 40,000
databases, and hundreds of thousands of applications.
OneConnect's advantages in cloud-based financial services and
the deployment of core Internet technologies, such as drainage
applications, help banks expand their Internet business
With OneConnect's online loan system and Eagle Eye risk
control system on the cloud, it helps banks significantly reduce
risks. Compared with a client financial institution's self-built
cloud technology, OneConnect can shorten the lead time of
cloud-based project from 30 days to 10 days,
and reduce cloud-based project costs by more than
OneConnect plans to continue expanding its footprint in the
fintech sector, helping banks and financial institutions worldwide
transform their businesses by using its advanced technologies and