OneConnect Named Among 2022 IDC China Fintech Top 50 Companies for 3rd Consecutive Year

DigitalCFO Newsroom | 23 August 2022

Empowered Huaxia Bank’s project to win 2022 IDC China Financial Industry Technology Application Scenario Innovation Award.

OneConnect Financial Technology Co., Ltd (“OneConnect” or the “Company”, Stock Code: 6638.HK), the leading Technology-as-a-Service (“TaaS”) provider, was included as part of 2022 IDC China Fintech Top 50 for the third consecutive year during the 2022 IDC Digital Finance Awards in Beijing held on August 18. Awarded by International Data Corporation (“IDC”), the award recognizes the Company’s outstanding performance in “technology empowerment”, “innovations and transformations” and “financial services”. Further, Huaxia Bank, an OneConnect customer in China, won the 2022 IDC China Financial Industry Technology Application Scenario Innovation Award for its Big Data Risk Identification & Early Warning Platform (“Dragon Shield System”) empowered by OneConnect’s technology.

IDC is the world’s leading technology market research institution known globally for its authoritative and credible reports. It is also the first international market research institution to enter China. The “IDC China FinTech Top 50” list was launched in 2020 aiming to recognize fintech service providers that offer financial institutions advanced technology and fintech solutions which address pain points or lead to the development of dedicated services for various financial institution scenarios. It aims to provide the market with a comprehensive insight into China’s fintech ecosystems assessing their digitalizing capability and contributing to the business growth of financial institutions.

OneConnect is the first TaaS Provider that has completed a dual primary listing on both Hong Kong Exchanges and Clearing Limited and New York Stock Exchange. OneConnect integrates extensive financial services industry expertise with top-of-the-line technology to provide applications and technology-enabled business solutions to financial institutions. The Company’s solutions help customers undertake digital transformation which improve efficiency, enhance service quality and reduce costs and risks.

As an associate of Ping An, the Company has leveraged Ping An’s three-decade experience in the financial services sector. The Company has established long-term cooperation with financial institutions to addresses their digital transformation requirements. The integrated solutions and platform the Company provides include Digital Banking, Digital Insurance and Gamma Platform, the latter a technology infrastructure platform for financial institutions. In September 2021, the Company brought forward the strategy of “One Body and Two Wings” and expanded its service offerings to government, regulatory and enterprise clients to support the overall digital transformation of the financial services ecosystem. In addition, the Company has successfully exported “Made in China” technology solutions to overseas financial institutions. The Company has served more than 100 customers in 20 countries and regions, mainly in Southeast Asia.

Given the increased uncertainty in the post-epidemic era, IDC has stated that the financial industry will face new challenges. Financial service providers are currently focused on improving digitalized customer experience, empowering financial scenarios with cutting-edge technologies and developing fintech solutions that better serve the real economy, strengthen risk monitoring and assessment in line with regulatory guidance, and prevent the occurrence of systemic risks thereby promoting the digital transformation of China’s financial sector laying the foundation for a digital future.

In the future, OneConnect will continue to optimize products and solutions for the fintech sector as well as develop cutting-edge technological innovations to empower, reshape and promote the high-quality development of the financial industry.