OneConnect Monetary Know-how Co., Ltd (OneConnect, NYSE: OCFT, HKEX: 6638), the main technology-as-a-service (TaaS) supplier and an affiliate of Ping An Group, as we speak introduced the launch of OneCosmo, a one-stop omni platform for all-in-one digital banking options collectively developed with Brazil-based know-how firm Pismo, one of many quickest rising banking Software program-as-a-Service (SaaS) companies.
The launch of OneCosmo is the results of the joint product choices of OneConnect and Pismo, having launched into a strategic partnership earlier in April 2022. Leveraging next-generation know-how akin to synthetic intelligence (AI), machine studying (ML), blockchain, and SaaS, the suite of options supplied by OneCosmo is geared in the direction of providing a extremely scalable and simple to combine answer for banks and monetary establishments to construct digital banking capabilities. The options provided by OneCosmo span a variety of companies, from digital identification verification and core banking to digital funds, and digital lending. The platform additionally permits for integration throughout completely different third-party service suppliers utilizing its extremely versatile APIs (Utility Processing Interfaces) and microservices.
Potential customers of OneCosmo may even be capable of absolutely onboard themselves onto its platform inside a matter of weeks on account of pre-integrated and pre-configured options, whereas permitting monetary establishments the flexibleness of customisation to their required specs.
OneCosmo may even allow monetary establishments to leverage real-time knowledge streaming, permitting for higher perception into client behaviour by way of knowledge evaluation. OneCosmo permits for flexibility in working with legacy know-how, providing monetary establishments the liberty to customize the options suite to cater to their particular person wants. Up to now, Pismo’s know-how integrated in OneCosmo’s answer has been utilised by greater than 50 million clients.
Commenting on the launch of OneCosmo, Ms Tan Bin Ru, CEO (Southeast Asia), OneConnect Monetary Know-how stated, “OneCosmo represents the fruits of our labour from our strategic partnership with Pismo. Right here at OneConnect, driving the digitalisation of monetary establishments and banks for a higher stage of monetary inclusion has been our imaginative and prescient, and OneCosmo permits us to additional amplify our imaginative and prescient for extra establishments at a bigger scale. With the mixture of SaaS and TaaS, OneCosmo is an omni-channel platform which allows us to raised service monetary establishments of all sizes.”
Analysis performed by Gartner revealed that the cloud companies sector was forecasted to develop 18.4 per cent in 2021 to succeed in a complete valuation of $304.9 billion, up from $257.5 billion in 2020. Additional analysis by MarketsandMarkets additionally indicated that the SaaS market has been rising by 18 per cent yearly.
“Pismo’s mission is to assist banks and FinTechs deploy the next-gen of revolutionary merchandise on the cloud for his or her clients, and we’re excited to increase that mission with this new providing for Asia. The launch of OneCosmo showcases our joint dedication with OneConnect to supply establishments with the instruments to excellent their digital technique for the way forward for monetary companies,” stated Vishal Dalal, CEO (North America, EMEA, and APAC) at Pismo.
OneCosmo is at the moment out there in Southeast Asian international locations together with Thailand, Malaysia, Indonesia, The Philippines, and Singapore, with a view to increase its choices to monetary establishments throughout the Center East.