OneConnect Monetary Expertise Co., Ltd. (“OneConnect” or the “Firm”) (NYSE: OCFT), a number one technology-as-a-service platform for monetary establishments in China, at the moment introduced that it has been included in Worldwide Information Company’s (“IDC”) 2020 FinTech Quick 101 listing of fast-growing FinTech firms. IDC, the world’s foremost supplier of market analysis knowledge, latest inclusion of OneConnect highlights the Firm’s stellar rise in Asia.
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OneConnect joins IDC’s Monetary Insights’ FinTech Quick 101 listing of main FinTech firms in Asia (Picture: Enterprise Wire)
“We’re extraordinarily excited to be acknowledged by IDC for the large quantity of effort our staff has put into constructing OneConnect over the previous a number of years,” acknowledged Mr. Ye Wangchun, Chairman of the Board and Chief Government Workplace of OneConnect. “Our sturdy deal with high-quality R&D investments has enabled us to broaden each our portfolio of merchandise and consumer embeddedness. This technique has allowed us to shortly rise above our competitors and put us on the forefront of our business development, as acknowledged by IDC.”
IDC’s FinTech Quick 101 was based mostly upon in depth, on-ground evaluation and broad due diligence of fintech gamers from eleven international locations together with; China, India, Indonesia, Singapore, Hong Kong, Thailand, Malaysia, the Philippines, Vietnam, South Korea, and Australia. IDC Monetary Insights evaluated numerous fintech knowledge throughout the next key metrics: addressable market, buyer adoption, investments, alliances and partnerships, innovation, likelihood of survival, and advertising and marketing.
OneConnect’s inclusion within the FinTech Quick 101 listing exemplifies the Firm’s profitable rise. In solely 4 intense years, OneConnect expanded from being an thought to itemizing on the NYSE. This accomplishment highlights three key differentiators: First, OneConnect has very dynamic capabilities and is ready to shortly change its R&D path as markets evolve. Throughout 2019, OneConnect gained CMMI5 certification and submitted 3,710 patent purposes globally. Second, OneConnect has been acknowledged because the go-to platform for banks desirous to swiftly adapt to an on-line viewers. Its Chinese language buyer base consists of all of China’s main banks, 99% of its metropolis business banks, and 52% of its insurance coverage firms, collectively reaching tons of of tens of millions of end-customers. Additional highlighting the Firm’s development and diversification, its income from third-party clients in 2019 elevated by over 107% yr over yr. Lastly, OneConnect’s speedy reply to clients’ calls for through the ongoing COVID-19 epidemic utilizing AI, huge knowledge and blockchain, units it other than the competitors. OneConnect has particularly provided 5 good options, which allow monetary establishments to expertise a easy on-line operation all through all the enterprise course of, together with buyer acquisition and advertising and marketing, threat management, back-end techniques, operations, upkeep and administration. These options have supplied comfort, safety and effectivity, which have aided many within the monetary business to keep up their regular course of enterprise throughout outbreak.
OneConnect Monetary Expertise Co., Ltd. (the “Firm”) is a number one technology-as-a-service platform for monetary establishments in China. The Firm’s platform gives cloud-native expertise options that combine in depth monetary companies business experience with market-leading expertise. The Firm’s options present expertise purposes and technology-enabled enterprise companies to monetary establishments. Collectively they permit the Firm’s clients’ digital transformations, which assist them improve income, handle dangers, enhance effectivity, improve service high quality and cut back prices.
The Firm’s 13 expertise options strategically cowl a number of verticals within the monetary companies business, together with banking, insurance coverage and asset administration, throughout the total scope of their companies — from gross sales and advertising and marketing and threat administration to buyer companies, in addition to expertise infrastructure reminiscent of knowledge administration, program improvement, and cloud companies.