| Market Capitalization (Millions $) |
7,419 |
| Shares
Outstanding (Millions) |
1,099 |
| Employees |
2,394 |
| Revenues (TTM) (Millions $) |
545 |
| Net Income (TTM) (Millions $) |
-55 |
| Cash Flow (TTM) (Millions $) |
283 |
| Capital Exp. (TTM) (Millions $) |
1 |
Oneconnect Financial Technology Co Ltd
OneConnect Financial Technology Co Ltd is a leading technology-as-a-service platform provider that offers advanced cloud-native IT solutions for small and medium-sized financial institutions, government and insurance companies. The company was established in 2015 and is headquartered in Shenzhen, China. It is also listed on the New York Stock Exchange (NYSE: OCFT) and has a market capitalization of approximately $6 billion.
OneConnect's aim is to help its customers develop innovative financial services and enhance their operational efficiency while reducing risk. The company provides a variety of financial solutions that include digital lending, SME financing, supply chain finance, and online insurance. The solutions combine artificial intelligence, blockchain, and big data technologies to deliver customized services that cater to the unique needs of each customer.
OneConnect Financial Technology Co Ltd's solutions include:
1. AI-powered risk management - This solution helps financial institutions identify and mitigate risks by providing predictive analytics and real-time monitoring of customer transactions. The system also detects fraudulent activities and reduces operational costs.
2. Blockchain-powered supply chain finance - This solution allows financial institutions to offer supply chain financing services to their clients with transparent and secure transactions. The system also reduces supply chain risk and increases working capital efficiency.
3. Cloud-based insurance platform - This solution enables insurers to improve their products and services by leveraging artificial intelligence and big data technology. The system also helps insurers enhance their operational efficiency and reduce costs.
4. Online lending platform - This solution provides small and medium-sized enterprises (SMEs) with easy access to finance. The online platform leverages big data technology to evaluate the creditworthiness of SMEs and provides fast and efficient loan approval.
OneConnect Financial Technology Co Ltd has a strong customer base in China and Southeast Asia. The company has partnered with many financial institutions and insurance companies to help them transform their businesses through technology. Its clients include Ping An Insurance, Industrial and Commercial Bank of China (ICBC), and China Minsheng Bank.
Conclusion:
Overall, OneConnect Financial Technology Co Ltd is a highly innovative and customer-focused technology-as-a-service company that provides advanced financial solutions to SMB's, banks, and insurance companies. The company's focus on artificial intelligence, blockchain, and big data technologies and a customer-centric approach enables its clients to streamline their operations and enhance their customer experience.
Company Address: 21/24F, Ping An Finance Center Shenzhen, Guangdong 518000
Company Phone Number: 0625 Stock Exchange / Ticker: NYSE OCFT
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