With the world's leading AI, Blockchain, Cloud platform, Biometrics Identification and other advanced technologies.OneConnect has developed Fintech products for such scenarios as sales, product, risk management, services and operation. The multi-series scientific and technological product portfolio can be widely used in such financial areas of banking, insurance and investment, enabling small and medium-sized financial institutions to have access to the cutting-edge Fintech, thus achieving the overall improvement of smart operation.
With our top experts in AI field, OneConnect has established the Gamma AI Research Lab and applied for more than 40 patents in total as well as launched a number of world-first AI scenario-based applications. At present, OneConnect has launched a series of industry solutions including Digital Marketing, Robo-Advisor, Digital Loan and Risk Management model.
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As the first AI solution in the finance industry, the product integrates dozens of cutting-edge technologies, covering the entire process including smart application, interview and approval. The independent development of micro-expression recognition technology can be applied to credit interview with 80% accuracy rate of fraud identification, and it can replace more than 50% of in-person interview, a pioneering in the international fintech field.
Led by the co-founder of HyperLedger Fabric, the blockchain team of OneConnect has independently innovated and developed the industry-leading BaaS platform and its core framework, FiMAX, designed with security, privacy, and performance wrapped in an easy one-click deployment package. Applied in various use cases, OneConnect blockchain team has explored in 14 business scenarios of five major ecosystems: Finance, Real Estate, Automobile, Healthcare and Smart City, and has had plenty of successful applications in many scenarios.
The Ping An Blockchain (OneConnect) has designed, developed and deployed a blockchain-based international trade finance platform for Hong Kong Monetary Authority. On the account of world's first crypto-controlled data sharing technology and FiMAX’s high throughput under international framework standards, the platform has turned order digitalization into reality, ensuring seamless information sharing and data security, which will greatly enhance the risk control level, efficiency, transparency and security of trade finance industry.
The trade finance platform is world's first consortium chain commercial network used in large-scale production environments, and is in a leading position in terms of business scale and advanced technology applications. The project is the first overseas cooperative project of Ping An Blockchain.
Powered by Ping An blockchain platform FiMAX, Blockchain Reinsurance Platform has achieved minimum policy share division, online smart matching & inquiry, and policy standardized smart delivery. It has solved the problems existing in traditional reinsurance transactions, such as opaque ceding in/out, complicated reconciliation, inefficient communication, and unguaranteed data security, etc., accelerating the digital transformation of reinsurance industry.
The supply chain finance platform encrypts important data such as order and logistics info through FiMAX BaaS platform, and implemented various functionalities such as paperless contracts, smart contract judgment, compliance verification, and financing risk assessment. It not only solves the pain points faced by banks, core enterprises and upstream/downstream enterprises in traditional supply chain finance scene, but also maximizes the data value of a supply chain, boosting rapid development of supply chain finance industry.
SME Loan Platform utilizes FiMAX to provide data encryption and sharing services. Through Ping An blockchain platform FiMAX, enterprise data are encrypted and uploaded to blockchain where data are immutable and traceable, ensuring data authenticity and reliability for lenders’ review. As full nodes of FiMAX, financial institutions have access to on-chain enterprise data; any third party will have to be authorized to view decrypted data, in order to meet the need of financial institutions to protect their customer resources.
Real-time Reconciliation for Multi-Institution Transactions is achieved by connecting all participants in financial asset transactions, updating real-time status for each transaction on chain, and monitoring anomalies that may occur in transactions through status comparison, all powered by Ping An Blockchain FiMAX. The project went into operation in the second half of 2016, and has become one of the first blockchain projects in the world to achieve large-scale operation.
The FiMAX BaaS platform and FiMAX underlying architecture are infrastructure technology platforms that are independently developed by OneConnect and IP-protected. It provides financial institutions and SMEs with standardized and accessible blockchain servicesThe platform has industry-leading privacy control solution, high-performance underlying architecture comprehensive data securityarchitecture, GCCA encryption technology, practical architecture design, as well as a variety of configuration andnodes, which allows users to quickly construct a commercialized blockchain network through simple configuration.
Ping An Cloud, OneConnect’s automated cloud platform provides first class equipment, grade A server rooms facilities and network across China mainland, China Hong Kong and Singapore. It is self-developed based on open source, integrated and absorbed core functional components including openstack and cloudstack as main, and other open source such as ceph, docker and kubernates, to execute the management and orchestration of multi-type of foundation resources. Now it is China’s largest financial cloud platform.
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With the powerful biometric technology, OneConnect has achieved world-class level in the aspects of facial, voiceprint, micro-expression and NLP recognition. Among them, the accuracy rate of facial recognition reached 99.8% and the VPR accuracy rate is higher than 99%. Ranking world’s No.1.
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Image recognition, voiceprint recognition and other technologies are applied to real person authentication in remote account opening, which can effectively help financial institutions save labor in physical branches. The micro-expression recognition technology developed on the basis of image recognition can smartly detect lies through micro-expressions. Having been widely used in the loan process of various financial institutions, it is able to recognize over 50 kinds of complex expressions, and identify them within one second, effectively reducing the risk of fraud.
In 2018, the One Minute Gradual Emotion Competition showed that the micro-expression recognition technology of OneConnect Gamma Lab has made a significant breakthrough, ranking the first in the world with the highest scores in terms of Arousal and Valence.