OneConnect Financial Technology Co., Ltd.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Dangyang Chen
- Full Time Employees
- 1,937
- Sector
- Technology
- Industry
- Software - Application
- Address
- Ping An Financial Center Shenzhen People's Republic of China 518000
- IPO Date
- Dec 13, 2019
- CIK
- 0001780531
- Website
- ocft.com
- Similar Companies
- Business
- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT, HKEX: 6638) provides technology-as-a-service solutions to financial institutions, integrating industry expertise with advanced technologies such as artificial intelligence, blockchain, big data analytics, and cloud platforms to enable digital transformation; the company offers digital banking solutions for retail growth, credit management, next-generation core systems, and regulatory compliance; digital insurance solutions encompassing digital auto insurance, life insurance, and health insurance processes including marketing, customer management, claims processing, and intelligent property and casualty systems; and the Gamma Platform, a technology infrastructure providing intelligent voice services, open platforms, blockchain, financial cloud, Gamma Voice Solution for AI customer service, Gamma FinCloud for legacy system migration, marketing management platforms like AI Banker App, wealth management tools, intelligent product development platforms, Regtech for end-to-end regulatory reporting, and asset-liability management analytics. Founded in 2015 and headquartered at Ping An Finance Center in Shenzhen, Guangdong Province, China, OneConnect operates primarily in the People's Republic of China while expanding overseas to over 20 countries including Southeast Asia, the Middle East, and Africa, serving banks, insurers, governments, corporates, and 197 overseas financial institutions as of late 2024; it maintains long-term ties as an associate of Ping An Insurance (Group) Company of China, Ltd., leveraging the group's financial services experience. Recent developments include the completion of its virtual bank business disposal to Lufax Holding Ltd. for HK$933 million in cash on April 2, 2024, allowing refocus on core high-margin technology solutions; expansion of digital retail banking into two new joint-stock banks and smart credit solutions to overseas markets in the first half of 2025; partnerships such as with Vietnam's VPBank in 2025 for a digital core banking system processing one billion transactions daily, PAObank for HKMA's GenA.I. Sandbox, and Thailand's DEPA for auto ecosystem growth; and recognition including IDC China FinTech Emerging 50 for the sixth year and a national innovation award for its AI-powered customer service system.
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