back Back

OneConnect launches all-in-one Digital Banking Solutions Suite, OneCosmo

By Leandra Monteiro

July 22, 2022

  • Omnichannel
  • OneConnect Financial
  • OneCosmo
Share

OneConnectOneConnect Financial Technology Co., Ltd, a leading technology-as-a-service provider and an associate of Ping An Group, announced the launch of OneCosmo, a one-stop omni platform for all-in-one digital banking solutions jointly developed with Brazil-based tech company Pismo, one of the fastest growing banking Software-as-a-Service (SaaS) firms.

The launch of OneCosmo is the result of the joint product offerings of OneConnect and Pismo, having embarked on a strategic partnership earlier in April 2022. Leveraging next-generation technology such as artificial intelligence (AI), machine learning (ML), blockchain, and SaaS, the suite of solutions provided by OneCosmo is geared towards offering a highly scalable and easily integratable solution for banks and financial institutions to build digital banking capabilities.

The solutions offered by OneCosmo span a wide range of services, from digital identity verification and core banking to digital payments, and digital lending. The platform also allows integration across different third-party service providers, using its highly flexible APIs (Application Processing Interfaces) and microservices.

Prospective users of OneCosmo will also be able to fully onboard themselves onto its platform within a matter of weeks due to pre-integrated and pre-configured features, while allowing financial institutions the flexibility of customisation to their required specifications.

OneCosmo will also enable financial institutions to leverage real-time data streaming, allowing for greater insight into consumer behaviour through data analysis. OneCosmo allows for flexibility in working with legacy technology, offering financial institutions the freedom to customise the solutions suite to cater to their individual needs. To date, Pismo’s technology incorporated in OneCosmo’s solution has been utilised by more than 50 million customers.

Commenting on the launch of OneCosmo, Tan Bin Ru, CEO (Southeast Asia), OneConnect Financial Technology said, “OneCosmo represents the fruits of our labour from our strategic partnership with Pismo. Here at OneConnect, driving the digitalisation of financial institutions and banks for a greater level of financial inclusion has been our vision, and OneCosmo allows us to further amplify our vision for more institutions at a larger scale.”  With the combination of SaaS and TaaS, OneCosmo is an omni channel platform which enables us to better service financial institutions of all sizes.”

“Pismo’s mission is to help banks and fintechs deploy the next-gen of innovative products on the cloud for their customers, and we’re excited to extend that mission with this new offering for Asia. The launch of OneCosmo showcases our joint commitment with OneConnect to provide institutions with the tools to perfect their digital strategy for the future of financial services,” said Vishal Dalal, CEO (North America, EMEA, and APAC) at Pismo.

OneCosmo is currently available in Southeast Asian countries including Thailand, Malaysia, Indonesia, The Philippines, and Singapore, with a view to extend its offerings to financial institutions within the Middle East.

Previous Article

July 22, 2022

Banca March selects GoldenSource for ESG data management

Read More
Next Article

July 22, 2022

The Bancorp Bank appoints Timothy Green as Head of Fintech Lending

Read More






IBSi Daily News Analysis

UK, Bank

July 12, 2024

Omnichannel

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

SaaScada & Partes sign embedded finance partnership in Switzerland

Read More

July 12, 2024

The Weekly Wrap: all you need to know by Friday COB | July 12th

Read More

July 12, 2024

Finastra completes new SIC instant payments readiness project

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024