Hurun Research Institute unveiled the "Hurun Greater China Unicorn Index 2018” on January 24th. OneConnect became a new unicorn on the list and ranked 11th.
Hurun Research Institute’s List is based on definition of unicorn in the capital market, containing representative companies in the new economy industry with external financing and valuation over USD1 bn. The List has become one of the authoritative reference for entrepreneurs and investment institutions. OneConnect being on the List means that its unique “technology + business” dual-empowerment model has been widely recognized in the financial industry. It is worth mentioning that OneConnect has already been on the recent list of “Top 50 Chinese Fintech Companies 2018” released by KPMG for its leading technological strength, rich application use cases, and precise solutions to the industry's pain points. Companies on the Hurun List also include Ant Financial and Tencent Fintech.
The world's leading financial technology
OneConnect has emerged as a leader in technology globally. In the past three years, it has won more than 70 awards from domestic and international professional institutions, and has applied for more than 1,400 patents.
OneConnect has a large R&D team for AI technology, which has cutting-edge technologies in face recognition, voiceprint, micro-expression and semantic. Gamma Lab won the first prize in OMG International Micro-expression Contest, the EmotioNet facial expression recognition challenge, and the machine reading comprehension competition initiated by Stanford University. These leading technologies can also be applied to situations such as account opening, application, smart prompt settlement, smart scheduling, and smart customer service. Image and voiceprint recognition applying to the remote account opening for identity authentication helps banks save manpower for physical outlets.
OneConnect is the first company in China to join the international financial blockchain alliance R3. Ping An Group has been committed to the technological research and use case exploration of blockchain. According to Huang Yuxiang, the Chief Technology Officer and Chief Operation Officer, OneConnect’s blockchain technology guarantees security and privacy, has superior performance and one-click deployment, and covers a wealth of use cases. These four characteristics help OneConnect stand out from competitors at home and abroad, and become a technological partner of the Hong Kong Blockchain Trade Finance Platform to support its production and deployment.
In the New Year address at the end of 2018, Ma Mingzhe, Chairman and CEO of Ping An, pointed out that 2019 is a crucial year for Ping An's strategic transformation. The Group's brand logo will be changed to “finance + technology”, which more clearly defines Ping An’s core business. OneConnect is an important carrier for the Group's “financial + technology” dual-drive strategy. Ye Wangchun, Chairman and CEO of OneConnect, said that the Group provides OneConnect with a wealth of application use cases, massive real data, top global talent and continuous capital investment in technology development.
Since its establishment three years ago, OneConnect has grown into China’s only financial technology service platform covering the whole industry chain. It provides end-to-end one-stop solutions for financial institutions through its unique “technology + business” dual-empowerment model. Based on the world's leading technologies such as AI, blockchain and cloud computing, OneConnect has launched ten solutions, four smart product lines and 47 product series in retail banking, SME, insurance and investment. By the end of 2018, it has served more than 3,300 customers, including financial technology empowerment for nearly 93% of China's city commercial banks.
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