OneConnect Financial Tech Co Ltd ADR

OneConnect Financial Technology Co. Ltd. engages in providing cloud-native technology solutions to financial institutions in China. Its solutions provide technology applications and technology-enabled business services to financial institutions. The company was founded in December 2015 and is headquartered in Shenzhen, China.

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OneConnect reports improved Q1 performance and strategic growth initiatives

OneConnect's Q1 2024 performance reflects positive strides in reducing losses, improving margins, and driving revenue growth from overseas markets, underpinned by advancements in digital banking and insurance segments.
The company's strategic strengths in forming key partnerships, emphasizing product upgrades, and garnering industry recognition position it well for future market leadership and innovation.
While facing challenges in profitability sustainability and operational integration, OneConnect can capitalize on opportunities in market expansion, technological innovation, and ESG initiatives to fuel long-term growth.

OneConnect achieves historic profitability in Q2 2024 amid revenue growth

OneConnect Financial Tech Co Ltd demonstrated improved profitability and revenue growth in Q2 2024, marking a significant milestone in its financial performance.
The company's strategic focus on digital transformation, overseas expansion, and cost controls positions it well for future growth and market competitiveness.
While facing revenue challenges, OneConnect's proactive strategies and financial progress offer opportunities for sustained growth and shareholder value creation.

OneConnect reports improved Q3 performance amidst revenue challenges

OneConnect's Q3 2024 performance showcased improvements in net loss reduction and revenue growth from overseas customers, driven by strategic initiatives in key business segments.
The company's focus on cost control, R&D optimization, and overseas expansion underscores its commitment to achieving profitability in the midterm.
While facing revenue challenges from phasing out cloud services, OneConnect remains poised to capitalize on opportunities in overseas markets and product enhancements for sustainable growth.

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OneConnect Financial Technology Co. Ltd. engages in providing cloud-native technology solutions to financial institutions in China. Its solutions provide technology applications and technology-enabled business services to financial institutions. It operates through the Technology Solution and Virtual Bank Business segments. The Technology Solution segment includes implementation revenue and transaction-based and support services revenue. The Virtual Bank Business segment represents interest income from the lending business of its virtual bank and fees and commission from the firm's banking operations. The company was founded in December 2015 and is headquartered in Shenzhen, China.

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today announced that the exclusivity period under the Memorandum of Understanding to acquire a majority equity stake in SHENZHEN VZOOM CREDIT TECHNOLOGY Co., Ltd., which was announced on August 25, 2021, expires today. After thorough analysis of overall circumstances and due consideration, the Co

OneConnect Announces Expiration of Exclusivity Period Under Its Memorandum of Understanding to Purchase Majority Stake in Shenzhen VZOOM CREDIT TECHNOLOGY

The Chinese fintech released an upgrade to its tech platform for banks and insurance companies.

Why OneConnect Financial Technology Soared Today

OneConnect Financial Technology Co Ltd (NYSE: OCFT) launched Gamma Core, its latest core banking system for financial institutions.  Gamma Core helps banks undergo a complete digital restructuring to upgrade their underlying architecture, business processes, and core systems.

OneConnect Launches New Gamma Core Banking System

SHENZHEN, China, Nov. 24, 2021 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect"), a leading technology-as-a-service platform for financial institutions and an associate of Ping An Group, has today released Gamma Core, its latest core banking system for financial institutions.

OneConnect Powers Digital Transformation for Banks with Launch of New Gamma Core Banking System

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2021. Third Quarter 2021 Financial Highlights Revenue increased 20.8% year over year to RMB 1,065 million from RMB 881 million for the same period last year. Gross margin was 35.5%, as compar

OneConnect Announces Third Quarter 2021 Unaudited Financial Results

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today announced that it will hold its annual general meeting of shareholders at 55F, Ping An Financial Center, No. 5033 Yitian Road, Futian District, Shenzhen, Guangdong, People's Republic of China on December 20, 2021 at 10:00 am (local time). No proposals will be submitted for shareholder appro

OneConnect to Hold Annual General Meeting on December 20, 2021

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today announced that the Company's audit committee (the “Audit Committee”) has completed the internal investigation and found no evidence to support the allegations in the anonymous complaint disclosed in the press release issued by the Company on August 31, 2021. As previously disclosed, the Aud

OneConnect Financial Technology Co., Ltd. Announces Completion of Internal Investigation

HONG KONG and SHANGHAI, Nov. 7, 2021 /PRNewswire/ -- An integrated, seamlessly connected financial platform and FinTech talent are vital to the development of the Greater Bay Area ("GBA"), says Jessica Tan, co-CEO of Ping An Group.  The GBA is a huge and exciting area.

Hong Kong FinTech Week 2021: OneConnect Underscores Importance of FinTech to Greater Bay Area Development

SINGAPORE, Nov. 5, 2021 /PRNewswire/ -- PT OneConnect Financial Technology Indonesia (OneConnect), the leading technology-as-a-service provider and an associate of Ping An Group, today announced a partnership with Indonesia-based PT. Bank Mayapada Internasional, Tbk.

OneConnect Announces Partnership with Indonesia-based Bank Mayapada, to Enable Digital Onboarding through a Comprehensive Suite of Innovative Solutions

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) (“OneConnect” or the “Company”), a leading technology-as-a-service platform for financial institutions in China, today announced that it will release financial results for the Third quarter 2021 after U.S. markets close on Thursday, November 18, 2021. A conference call will follow on the same day. Date/Time Thursday, November 18, 2021 at 8:00 p.m., U.S. Eastern Time Friday, November 19, 2021 at 9:00 a.m., B

OneConnect to Announce Third Quarter Financial Results

Wangchun Ye departed as the CEO of OneConnect Financial Technology Co Ltd (NYSE: OCFT) for personal reasons. Ye will continue to serve as the chairman of the board and director.

OneConnect Financial Names Chongfeng Shen As New CEO, Wangchun Ye To Continue As Chair

SHENZHEN, China, Sept. 13, 2021 /PRNewswire/ -- On September 10, OneConnect Financial Technology Co., Ltd.

OneConnect Accelerates Strategic Growth with New "One Body and Two Wings" Five-year Strategy

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today responded to certain allegations made about the Company circulated online. The Company first became aware of these allegations on August 20, 2021 from an anonymous whistleblower complaint containing multiple unsubstantiated claims, including that the Company's audited financial statements c

OneConnect Responds to Whistleblower Complaint

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today announced that it has entered into a Memorandum of Understanding ("MOU") to acquire a majority equity stake in SHENZHEN VZOOM CREDIT TECHNOLOGY Co., Ltd. (“VZOOM Credit Technology”), a credit technology company that provides integrated credit solutions to help financial institutions in Chin

OneConnect Announces Memorandum of Understanding to Purchase Majority Stake in a Credit Technology Company

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SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today announced that it was informed by its Chairman and Chief Executive Officer and certain other members of its management team of their intention to use their personal funds to purchase up to an aggregate of US$10 million worth of the Company's ADSs during a three-month period following today,

OneConnect Announces that Its Management Intends to Increase Their Shareholdings Demonstrating Confidence in the Prospects for Its Business

OneConnect Financial Technology Co Ltd (OCFT) CEO Ye Wangchun on Q2 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)-- #OCFT--Scott+Scott Attorneys at Law LLP Announces Investigation into OneConnect Financial Technology Co., Ltd. (OCFT)

Scott+Scott Attorneys at Law LLP Announces Investigation into OneConnect Financial Technology Co., Ltd. (OCFT)

The company reported earnings from the second quarter of this year.

Why Shares of OneConnect Financial Tech Are Falling Today

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today announced its unaudited financial results for the second quarter and half year ended June 30, 2021. Second Quarter 2021 Financial Highlights Revenue increased 25.0% year over year to RMB968 million from RMB774 million. Gross margin was 34.1%, as compared to 38.4% for the same period last ye

OneConnect Announces Second Quarter 2021 Unaudited Financial Results

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BEIJING, July 27, 2021 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect"), a leading technology-as-a-service platform for financial institutions and an associate of Ping An Group, won two awards at the Asian Banker China Awards during the Finance China 2021 conference in Beijing on July 22, organized by the authoritative international financial magazine the Asian Banker.

OneConnect Wins Two Awards for its Pioneering Fintech Solutions at the Asian Banker China Awards 2021

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) (“OneConnect” or the “Company”), a leading technology-as-a-service platform for financial institutions in China, today announced that it will release financial results for the second quarter 2021 after U.S. markets close on Tuesday, August 3, 2021. A conference call will follow on the same day. Date/Time Tuesday, August 3, 2021 at 9:00 p.m., U.S. Eastern Time Wednesday, August 4, 2021 at 9:00 a.m., Beijing

OneConnect to Announce Second Quarter Financial Results

SHANGHAI, July 9, 2021 /PRNewswire/ -- Leading technology-as-a-service platform provider OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect" or "the Company"), an associate company of Ping An Group, recently displayed a lineup of impressive fintech solutions at the World Artificial Intelligence Conference 2021 (WAIC 2021) held in Shanghai from July 8-10, 2021, drawing much interest from attendees.

News for OneConnect Financial Tech Co Ltd ADR Stock (OCFT)