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OneConnect wins 2020 IDC Digital Trust Award for innovative Financial Cloud

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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 services.

"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 market-leading technology.

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 quickly.

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 48%.

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 services.

Cision View original content:http://www.prnewswire.com/news-releases/oneconnect-wins-2020-idc-digital-trust-award-for-innovative-financial-cloud-301154676.html

SOURCE OneConnect

OneConnect Financial Technology Co., Ltd. American Depositary Shares, each representing thirty (30) Ordinary Shares

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oneconnect is a leading fintech saas provider of advanced technology-enabled business solutions to small and medium-sized financial institutions. our solutions are based on the world-class technologies including ai, blockchain, cloud platform, and biometrics identification. currently, oneconnect has 101 products in four business disciplines including digital banking solutions, digital insurance solutions, digital investment solutions, and saas cloud platform, covering sales, product development, risk management, operations and technology. we are a comprehensive fintech solution provider that has coverage of all major financial industries as well as front, middle and back office functions. oneconnect has one of the world’s best technology development team. for example, in the aspect of ai, the company has achieved 99.8% recognition accuracy in facial recognition and 99%+ in vpr accuracy. further, oneconnect has achieved world-class level in the aspects of voiceprint, micro-expression a