OneConnect Monetary Generation Declares the Release of All-In-One Virtual Banking Answers Suite, OneCosmo

OneConnect Monetary Generation Declares the Release of All-In-One Virtual Banking Answers Suite, OneCosmo
  • OneCosmo is the results of the joint product choices of a partnership between OneConnect and Pismo

  • Subsequent-generation expertise carried out in OneCosmo lets in monetary establishments to construct a variety of virtual banking functions, whilst bearing in mind simple scalability and customization

KUALA LUMPUR, Malaysia, Aug. 2, 2022 /PRNewswire/ — OneConnect Monetary Generation Co., Ltd (OneConnect, NYSE: OCFT, HKEX: 6638), the main technology-as-a-service (TaaS) supplier and an affiliate of Ping An Workforce, as of late introduced the release of OneCosmo, a one-stop omni platform for all-in-one virtual banking answers collectively evolved with Brazil-based expertise corporate Pismoone of the vital quickest rising banking Instrument-as-a-Carrier (SaaS) companies.

OneConnect’s newly introduced virtual banking answers suite, OneCosmo

The release of OneCosmo is the results of the joint product choices of OneConnect and Pismo, having launched into a strategic partnership previous in April 2022. Leveraging next-generation expertise equivalent to synthetic intelligence (AI), gadget finding out (ML), blockchain, and SaaS, the suite of answers supplied by way of OneCosmo is geared in opposition to providing a extremely scalable and simple to combine answer for banks and fiscal establishments to construct virtual banking functions. The answers presented by way of OneCosmo span a variety of services and products, from virtual id verification and core banking to virtual bills, and virtual lending. The platform additionally lets in for integration throughout other third-party carrier suppliers the usage of its extremely versatile APIs (Software Processing Interfaces) and microservices.

Potential customers of OneCosmo may even be capable of totally onboard themselves onto its platform inside of a question of weeks because of pre-integrated and pre-configured options, whilst permitting monetary establishments the versatility of customization to their required specs.

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OneCosmo may even allow monetary establishments to leverage real-time knowledge streaming, bearing in mind higher perception into client conduct thru knowledge research. OneCosmo lets in for flexibility in running with legacy expertise, providing monetary establishments the liberty to customise the answers suite to cater to their particular person wishes. Thus far, Pismo’s expertise included in OneCosmo’s answer has been used by greater than 50 million shoppers.

Commenting at the release of OneCosmo, Ms Tan Bin RuCEO (Southeast Asia), OneConnect Monetary Generation stated, “OneCosmo represents the end result of our hard work from our strategic partnership with Pismo. Right here at OneConnect, using the digitalization of economic establishments and banks for a better degree of economic inclusion has been our imaginative and prescient, and OneCosmo lets in us to additional magnify our imaginative and prescient for extra establishments at a bigger scale. With the combo of SaaS and TaaS, OneCosmo is an omni-channel platform which permits us to higher serve monetary establishments of all sizes.”

Analysis performed by way of Gartner[i] printed that the cloud services and products sector was once forecasted to develop 18.4 in keeping with cent in 2021 to achieve a complete valuation of $304.9 billionup from $257.5 billion in 2020. Additional analysis by way of MarketsandMarkets[ii] additionally indicated that the SaaS marketplace has been rising by way of 18 in keeping with cent once a year.

“This collaborative release with OneConnect underlines Pismo’s function to spearhead the wave of next-generation virtual platforms for banking and bills. As companies search to offer higher selection and versatility to their customers throughout a couple of touchpoints and virtual channels, OneCosmo permits banks and fintechs of all sizes to create customizable and impactful merchandise for his or her shoppers the usage of an all-in-one answer.” Stated Ricardo JoshuaFounder – CEO at Pismo.

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OneCosmo is recently to be had in Southeast Asian nations together with Thailand, Malaysia, Indonesia, The Philippinesand Singaporeto be able to prolong its choices to monetary establishments inside the Center East.

About OneConnect Monetary Generation

OneConnect Monetary Generation Co. Ltd. (“The Corporate”) is a number one technology-as-a-service platform for monetary establishments. The globally-recognized corporate is a high-tech endeavor that was once indexed at the New York Inventory Trade in 2019 (NYSE: OCFT) and completed twin number one checklist in Hong Kong in 2022 (HKEX: 6638). The Corporate integrates intensive monetary services and products business experience with market-leading expertise to offer expertise packages and technology-enabled industry services and products to monetary establishments. Those answers allow our shoppers’ virtual transformations, which search to extend income, set up dangers, support potency, make stronger carrier high quality and cut back prices.

OneConnect is an affiliate of Ping An Workforce. Through leveraging on Ping An Workforce’s intensive revel in of over 30 years in monetary services and products, OneConnect has established long-term relationships with monetary establishments to serve and appropriately deal with their virtual transformation wishes. Above its experience and revel in as a number one virtual banking answers supplier, OneConnect additionally actively promotes virtual transformation for monetary establishments and gives business, credit score, provide chain, knowledge safety, possibility control and different comparable clinical and technological services and products for presidency, regulatory and endeavor customers . The Corporate recently serves greater than 20 nations and areas.

OneConnect has world-leading expertise functions for monetary services and products in AI, Large Knowledge Analytics, Blockchain and Monetary Cloud. As of 31 December 2021, the Corporate had submitted 5,652 international patent packages, together with 1,525 in a foreign country patent packages. The Corporate has additionally gained 61 global skilled awards, together with 4 consecutive IDC Awards, the distinguished Wu Wen Jun AI Science and Generation Award, BAI International Insurance coverage Certification Award, the primary prize within the OMG Micro-expression Festival, the primary prize in Device Studying in DROP Leaderboard and the CMMI5 global certification.

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About Pismo

Pismo is a expertise corporate offering an all-in-one processing platform for banking, bills, and fiscal markets infrastructure. Huge banks, marketplaces, and fintechs already use our cloud-native microservices platform. Pismo purchasers are launching next-generation answers whilst migrating their legacy techniques onto essentially the most complex platform out there. Pismo cloud-based platform empowers groups to construct speedy and corporations to release all of a sudden, scaling as they develop to have a broader target audience whilst conserving excessive safety and availability requirements.

SOURCE OneConnect