On January 9, OneConnect Financial Technology Co. Ltd. announced a strategic partnership with Chengfang Financial Technology Co. Ltd. They share principles of joint development, honesty and trustworthiness, and equal collaboration. They will work together to offer solutions to common problems in the financial industry, deliver technological innovations, and improve governance and data processing.
This partnership with Chengfang Financial Technology is a significant step forward for OneConnect. China's digital banking sector has continuously remained at the forefront of digital transformation, and technology is at the core of its integrity and innovation. As a FinTech B2B business, OneConnect upholds its responsibility to promote the development of the financial services sector. Together with Chengfang Financial Technology, we will continue to adhere to our ongoing mission: to develop and empower the industry with our unique combination of professional expertise and technology, in order to build a new way forward for digital banking."
Wangchun Ye, Chairman of OneConnect
By harnessing modern technologies like AI, cloud computing, and big data, OneConnect and Chengfang Financial Technology will promote new data standards, explore new applications for data privacy technology in bank surveillance systems, and gauge the financial data collaboration and circulation models needed by businesses for secure cloud computing. They will also carry out research and development in secure computing technology, graph data, blockchain, and nurture new FinTech talent.
Apart from this strategic partnership, OneConnect also has strategic alliances with the China Insurance Asset Registration and Trading System Co., Ltd., the China Securities Regulatory Commission's Technology Supervisory Bureau, and the Insurance Asset Management Association of China.
OneConnect has implemented major FinTech projects around the world, including the Singapore Stock Exchange's ESG platform, Hong Kong's trade finance linkage platform, Guangxi Province's cross-border digital finance platform, the Hong Kong Stock Exchange's FINI IPO settlement platform, a corporate financing platform for small to medium-sized enterprises in Guangdong province, the Hainan Provincial Financial Supervisory Bureau's smart integrated financial services platform, and more.
OneConnect plans to explore new partnerships with national and international organizations, financial exchanges, and government agencies to enhance its technological innovation and IP protection, research and development capabilities in technology to speed up the digitization of the financial services sector worldwide.