OneConnect Financial Technology, an affiliate of Ping An Insurance Group has agreed to offer its fintech SaaS technology through European fintech solutions provider finleap connect.

According to the fintech, finleap connect will offer OneConnect’s technologies such as Optical Character Recognition (OCR), voice recognition and scoring algorithms by integrating them into its products and go-to-market ventures.

Dr. Carolin Gabor, Chief Commercial Officer, and finleap Partner said, “We are impressed by OneConnect’s technical capabilities and deep understanding of digital transformation in financial services. Asia is clearly at the forefront here; you won’t find that level of maturity in European technology. We are pleased to use OneConnect’s solutions in the European market to offer superior products and services with our ecosystem and partners.”

Established in 2014, finleap connect is a business unit of finleap, a fintech offering SaaS solutions to various enterprises and standalone fintech companies.

Ye Wangchun, Chairman of OneConnect, said, “We are honored and excited to team up with finleap in this new partnership, which is the first of its kind in the fintech industry. OneConnect will provide finleap with its innovative enterprise technology solutions in AI, blockchain, cloud and biometrics identification to companies in Europe using finleap.”

OneConnect provides a technology-as-a-service platform for Chinese financial institutions and aims to enable their customers’ digital transformation thereby increasing revenue, managing risks and improving efficiency.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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