OneConnect Renews 3-Year Partnership with Philippines’ SBF to Pioneer Smart Lending Cooperation
OneConnect has formally signed a three-year renewal agreement for the operation and maintenance of its smart lending system with Security Bank Finance (SBF), a Philippine consumer credit institution. Building on their existing cooperation foundation, the two sides will further deepen collaboration in smart lending and drive steady long-term business growth.
The contract renewal solidifies their partnership. Since their initial tie-up in 2020, OneConnect has built a full-fledged smart lending system for SBF, encompassing lending, payment, reporting, human resources and other modules, alongside consistent reliable operational and maintenance support. The two upgraded their ties to a strategic partnership in 2021 and completed a major system upgrade in 2025, which drastically boosted loan approval efficiency and risk control performance. The newly sealed three-year renewal will further enhance system stability and flexibility, empowering SBF to keep improving operational efficiency and risk management in the Philippine market.
Public information shows SBF was jointly founded by the Philippines’ Security Bank and Thailand’s Bank of Ayudhya. It focuses on delivering consumer financial services to individual retail clients and micro, small and medium-sized enterprises across the Philippines. By rolling out customized, high-quality financial products tailored to local market demands, the firm helps customers reach key life milestones.
In recent years, SBF has forged ahead with digital transformation and inclusive finance expansion to boost service accessibility and operational efficiency. Digital capabilities have become an increasingly powerful growth engine for its business. As of September 2025, SBF had served more than 500,000 clients and disbursed loans totaling 50 billion Philippine pesos, equivalent to roughly 5.7 billion Chinese yuan. Throughout this partnership journey, OneConnect has iterated its core systems and smart lending technologies continuously, evolving from a pure technology supplier into a dedicated business growth partner.
This deepened cooperation mirrors the accelerated expansion of OneConnect’s global footprint. In the first quarter of 2026, the company launched multiple tech service projects in the Philippines, Vietnam, Hong Kong and other regions, covering core banking systems, smart lending middle platforms, intelligent wealth management systems, eKYC and anti-fraud tools. Its newly signed overseas contracts reached nearly 100 million yuan in value in Q1, representing a 39.7% year-on-year increase. Momentum has carried into the second quarter, with more cooperation projects being fast-tracked for implementation. Overseas revenue now accounts for a rising share of total revenue, turning its globalization strategy into tangible, sustainable commercial results at an accelerating pace.
Up to now, OneConnect has exported fintech solutions including core banking systems, core insurance platforms, intelligent speech recognition, computer vision, automotive ecosystem services and data infrastructure to 20 countries and territories worldwide, serving over 200 overseas financial institutions in total. As Ping An Group’s exclusive technology export channel and key overseas expansion hub, OneConnect integrates Ping An’s proven best practices in the financial sector with AI and data technologies to build a product lineup with robust scenario experience and technological strengths, and rapidly standardizes and replicates these capabilities globally.
OneConnect stated it will continue replicating and rolling out its mature solutions in domestic and international markets and deepen ties with local financial partners. Adopting a dual-drive model of technology export plus business synergy, the firm will help partners lift operational efficiency and service capacity, and set a benchmark model for Chinese fintech firms venturing into global markets.
