SHANGHAI, July 9, 2021 /PRNewswire/ -- Leading
technology-as-a-service platform provider OneConnect Financial
Technology Co., Ltd. (NYSE: OCFT) ("OneConnect" or "the
Company"), an associate company of Ping An Group, recently
displayed a lineup of impressive fintech solutions at the World
Artificial Intelligence Conference 2021 (WAIC 2021) held in
Shanghai from July 8-10, 2021, drawing much interest from
attendees.
Exhibitors at the event – themed "Intelligent Connectivity,
Inspirational Cities" – included several of China's most well-known companies but one
of the key attractions was OneConnect's Smart Government
& Enterprise Platform. The solution enables governments to
combine services for matters of state, large manufacturers,
financial institutions and small and medium-sized enterprises
(SMEs) through one digital platform, providing a venue for SMEs to
accurately and efficiently locate resources for their financing
needs.
OneConnect Chairman of the Board of Directors and CEO Ye
Wangchun said, "With the rapid development of technology today,
OneConnect will continue to provide a valuable, customer-centric
service experience while playing a key role in the industry's
digital transformation. We believe that the essence to creating
more palatable financial technologies that support and enhance
human potential, social connectedness, dignity, and self-reliance
is to empower the financial industry through technology. We aim to
promote digital transformation, support the real economy,
facilitate rural revitalization, and create social value."
In addition, what most impressed visitors to the conference was
OneConnect's ability to provide comprehensive digital
solutions allowing the widely diversified needs of financial
institutions to be met. Through the integration of multiple
products, OneConnect has created 16 product lines across banking,
insurance and investment verticals covering both
software-as-a-service(SaaS) and infrastructure-as-a-service (IaaS)
scenarios, providing financial institutions with full-process
and end-to-end technology enablement.
OneConnect's banking module, intelligent risk management
platform, corporate and banking digital transformation service,
and intelligent double-entry bookkeeping solution all leverage
leading technologies and deep insights into business to
provide full-process corporate financial digital solutions and
full-scenario AI empowerment, greatly enhancing the quality
and efficiency of financial services.
The Company's intelligent auto insurance claims platform
provides insurance companies with a "Software + Services"
end-to-end solution, covering the entire process from
reporting of the accident, rescue, vehicle damage and human injury
assessment, to supply of parts and settlement of claims. Through a
large, shared service center, the platform provides resource
support including rescue, inspection of the damaged vehicle and
maintenance, as well as enhanced management of claims services.
OneConnect's smart subscription and audit solutions fully
demonstrate the advantages of AI collaboration in improving
management efficiency in the investment sector. The smart
subscription solution relies on multiple types of intelligent tools
to automate 90% and standardize 100% of the process, significantly
reducing operation and maintenance costs and lowering operational
risks while enhancing management effectiveness. The smart audit
solution is the industry's first of its kind to deploy AI.
The Company's Gamma smart voice platform features
intelligent solutions for voice navigation, online customer
service, video robot, outbound calling, customer service assistance
and quality inspection, among other smart customer service
solutions, coupled with a voice robot that genuinely delivers
business results.
WAIC 2021 focused on the artificial intelligence-enabled
digital transformation of cities. The event discussed the
path of innovation in AI and its resultant industrial
applications with the aim of conveying the concept and value of
urban digital transformation and reaching a global consensus on
relevant governance and norms.
The financial technology (fintech) industry serves as a good
example. With the growing maturity of key technologies such as
cloud computing, big data, blockchain and AI alongside the
transition from the internet and mobile web eras into the era of
AI, integration of finance and technology has finally been
achieved, laying a solid foundation for the next stage of
digital development.
During the first quarter of 2021, OneConnect announced its SaaS
product lineup upgrade plan, with a focus on the "big picture,"
including platform and ecosystem, while adhering to the dual
empowerment of "technology + business." Having established a
unique business model, the Company has also been fulfilling its
corporate social responsibilities, creating value for society
through technology during this period of accelerated evolution of
digital finance.
Publicly available data reveal that since its inception,
OneConnect has invested more than 3.4
billion yuan in technology R&D. The Company has now
established its leadership in the fintech industry in terms of AI,
big data and blockchain, with a series of industry-leading
intelligent technology products in which it solely holds the
intellectual property rights. OneConnect is also expanding
rapidly into overseas markets by setting up subsidiaries in
Singapore, Hong Kong, Indonesia, Malaysia and the
Philippines, embarking on a new journey of global
expansion.
About OneConnect Financial Technology
OneConnect Financial Technology is a leading
technology-as-a-service platform for financial institutions. The
Company's platform provides cloud-native technology solutions that
integrate extensive financial services industry expertise with
market-leading technology. The Company's solutions provide
technology applications and technology-enabled business services to
financial institutions. Together they enable the Company's
customers' digital transformations, which help them increase
revenue, manage risks, improve efficiency, enhance service quality
and reduce costs.
The Company's technology solutions strategically cover multiple
verticals in the financial services industry, including banking,
insurance and asset management, across the full scope of their
businesses — from sales and marketing and risk management to
customer services, as well as technology infrastructures such as
data management, program development, and cloud services.
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SOURCE OneConnect