OneConnect Financial Technology (NYSE:OCFT) Co., Ltd. (NYSE: OCFT) is a leading fintech-as-a-service platform that provides technology and digital solutions to financial institutions. Originally established as a subsidiary of Ping An Insurance Group in 2016, OneConnect leverages advanced cloud computing, big data analytics, artificial intelligence, and blockchain to help banks, insurers, and other financial service providers enhance their operational efficiency, risk management, and customer experience. The company’s modular platform allows clients to integrate tailored services via application programming interfaces (APIs), accelerating their digital transformation strategies without extensive in-house development.
The company’s core offerings span digital banking, credit risk assessment, regulatory compliance, and insurance technology solutions. Its digital banking suite enables institutions to launch mobile and online banking channels quickly, supporting functions such as account opening, payments, and wealth management. On the risk management front, OneConnect provides sophisticated credit-scoring models, fraud-detection tools, and anti–money laundering analytics. For insurers, the company offers policy underwriting automation, claims processing, and customer engagement platforms powered by machine learning algorithms designed to optimize claims accuracy and turnaround time.
While its primary market remains mainland China, OneConnect has expanded its footprint across Southeast Asia, the Middle East, Africa, and Latin America. Through strategic partnerships and localized implementation teams, the company has delivered digital banking platforms in Indonesia, risk management systems in the United Arab Emirates, and microfinance solutions in Nigeria. This international reach underscores OneConnect’s ambition to export its proven fintech innovations beyond its domestic base, collaborating with governments and private financial institutions to foster greater financial inclusion and operational resilience.
Since its initial public offering in 2019 on the New York Stock Exchange, OneConnect has continued to invest in research and development, maintaining multiple dedicated R&D centers focused on emerging technologies. The company is overseen by Chairman Peter Ma, a veteran executive from Ping An Group, and led by Chief Executive Officer Weng C., both of whom bring extensive experience in fintech innovation and financial services. Under their guidance, OneConnect aims to further refine its platform capabilities and broaden its suite of solutions to meet the evolving needs of a global financial ecosystem.
