SHENZHEN, China, Sept. 2, 2020 /PRNewswire/ -- OneConnect
Financial Technology Co., Ltd. ("OneConnect" or the "Company")
(NYSE: OCFT) was awarded Best Lending Implementation in
China for its remote credit review system by The Asian
Banker's China Awards Programme 2020.
OneConnect's system helps companies control fraud
risks
Integrating leading technologies such as micro expression
recognition, OneConnect's remote credit review system can analyze
facial expressions during credit interviews using smartphone
cameras to flag potential fraudulent activity for further
investigation. The most notable benefit for retail banking is the
system's decision-making engine, which has been shown to cut credit
losses during the risk approval
process.
OneConnect, an associate of Ping An Group, is a world-leading
technology service platform for financial institutions in
China. It provides comprehensive
end-to-end solutions for banks, insurers, and investment managers
by integrating extensive financial services experience with
market-leading technology.
The Company enables customers to manage risks, enhance service
quality, improve efficiency, increase revenue and reduce costs in
their digital transformations. As of June
30, 2020, the Company served over 50 international customers
in over 15 markets.
Mr. Ye Wangchun, Chairman of the Board and Chief Executive
Officer of OneConnect, said, "For years we have been dedicated to
providing end-to-end solutions like the award winning remote credit
review system. As a true market disruptor, we are propellered by
our upfront AI technology and well recognized transaction-based
revenue model, enabling us speedy and sustainable
growth."
About The Asian Banker's China Awards Programme
Since its inception in 2006, The Asian Banker's China Awards
Programme has become one of the most respected annual rewards in
the financial services industry.
The Asian Banker Institute, serving as the award's review
committee, received nearly 400 applications from Chinese
institutions. During the over three-month review process, the
institute evaluated the applicants using a score card system that
analyzed multiple aspects of their credit review processes.
The list of finalists was submitted to an independent review
board comprised of recognized industry experts, consultants and
leaders. The evaluation process involved comprehensive research and
analysis, data comparison and in-depth interviews to ensure that
the review process was rigorous, fair and transparent.
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SOURCE OneConnect