OneConnect Financial Technology
Technology-as-a-service platform powering digital transformation for financial institutions across Asia and beyond.
Overview
OneConnect Financial Technology is a technology-as-a-service (TaaS) platform for banks, insurance companies, and other financial institutions, founded in 2015 as a subsidiary of Ping An Group. The company helps carriers and financial institutions automate and digitize core operations using AI, big data, blockchain, and cloud computing. Its insurance product suite covers the full policy lifecycle -- from intelligent underwriting and fraud detection through automated claims settlement.
The platform is delivered via API-based integrations and includes the Gamma AI backbone (providing voice recognition, computer vision, and data analytics), end-to-end digital insurance solutions, and blockchain-based trade finance products. Customers access capabilities through SaaS and API deployments connected to the Pingan Financial Cloud infrastructure. OneConnect holds CMMI Level 5 certification and 68+ domestic and international security certifications.
Listed on NYSE (OCFT) in 2019 and the Hong Kong Stock Exchange (HKEX: 06638) in 2020, OneConnect served over 100 financial institutions across 20+ countries and approximately 53% of China's insurance companies by 2021. Facing sustained losses and declining revenue, the company was taken private by Ping An Group in November 2025 and continues to operate as a wholly owned private subsidiary. The company has received over 342 industry awards, including KPMG China Top 50 Fintech for six consecutive years and IDC Global Top 100 Financial Technology for six consecutive years.
Products & Services
Digital Insurance Solutions
End-to-end insurance technology covering the full policy lifecycle for property & casualty, life, and health insurers. Includes intelligent underwriting automation, AI-powered claims settlement, fraud detection, and precision marketing analytics.
Key Features
- Intelligent underwriting with AI-driven risk assessment and policy issuance automation
- Automated claims processing for auto, health, and life lines including smart loss adjustment
- AI fraud detection to identify and reduce fraudulent claims
- Precision marketing powered by customer data analytics for product recommendations
Target Users: Property and casualty carriers, life insurers, health insurers
Gamma Platform
An AI-powered technology backbone providing core infrastructure capabilities for financial institutions.
Key Features
- Intelligent voice services for automated customer interaction
- Computer vision for document processing and identity verification
- Big data analytics infrastructure
- Smart management and operational decision-support tools
Target Users: Banks and insurance companies requiring AI/ML infrastructure
Chat BI Solution
An AI and NLP-powered business intelligence platform delivering real-time insights and personalized recommendations for insurance operations.
Key Features
- Natural language query interface for insurance data
- Real-time operational insights and performance reporting
- Personalized product and sales recommendations
Target Users: Insurance operations and analytics teams
Anti-Fraud Strategy Platform
An AI platform for real-time facial recognition and deepfake detection, co-developed with PAObank and selected for the Hong Kong Monetary Authority GenA.I. Sandbox in 2025.
Key Features
- Real-time facial recognition for identity verification
- Deepfake detection using generative AI
- Integration with banking and insurance onboarding workflows
Target Users: Banks, insurers, and financial institutions in Hong Kong and Southeast Asia
Digital Banking Solutions
Comprehensive digital transformation tools for banks, including digital retail banking platforms, credit risk management, regulatory compliance systems, and AI-powered KYC.
Key Features
- Digital retail banking and customer service platforms
- Intelligent credit risk assessment and collection management
- AI-powered KYC including facial recognition and document verification
- Regulatory compliance and reporting tools
Target Users: City commercial banks, rural banks, state-owned banks in China and Southeast Asia
At a Glance
- Founded
- 2015
- Headquarters
- Shenzhen, China
- Employees
- 1000+
- Funding
- Acquired
Category & Focus
- Category
- Insurtech Infrastructure
- Subcategories
- Claims Technology Data & Analytics Compliance & Regulatory Underwriting & Risk
- Insurance Verticals
- P&C Commercial Life & Annuity Health
- Target Customers
- Carriers
Customers
- Guoren Property and Casualty Insurance
- Ping An Insurance Group affiliates
- PAObank / Ping An OneConnect Bank HK
- Agricultural Development Bank of China
- Shanghai Pudong Development Bank
- Qujing City Commercial Bank
- Hunan Bank
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Last updated: 2026-06-04