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.

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vKYC timely addresses the imperative need for Sri Lankans to open bank accounts, apply for loans and credit cards remotely amidst the pandemic First AI-based vKYC to roll out in Sri Lanka following the new regulation OneConnect's vKYC will be deployed on an agile SaaS model that is intuitive and scalable SINGAPORE, June 2, 2021 /PRNewswire/ -- National Development Bank PLC (NDB Bank), the fourth largest listed commercial bank in Sri Lanka, today announced at a signing ceremony that it has appointed international enterprise software solutions partner specialising in digital transformation, Axion Solutions, to implement world-class Video Know-Your-Customer (vKYC) built by OneConnect Financial Technology Co., Ltd (OneConnect, NYSE:OCFT), the leading technology-as-a-service platform provider and an associate of Ping An Group. As the first bank in Sri Lanka to roll out AI-based vKYC that complies with the nation's new regulation announced in October 2020, NDB Bank will enable its customers to access banking services such as opening bank accounts, and applying for loans and credit cards remotely and safely so that Sri Lankans can live their lives and run their businesses as usual amidst the Covid-19 pandemic.

NDB Bank appoints Axion to deliver Sri Lanka's first AI-based Video Know-Your-Customer built by OneConnect to engage customers remotely, securely and seamlessly

OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT) was a big mover last session on higher-than-average trading volume.

OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT) Surges 6.7%: Is This an Indication of Further Gains?

SINGAPORE, May 18, 2021 /PRNewswire/ -- Consumer lending company, SB Finance Company Inc. has signed a strategic partnership with OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions and an associate of Ping An Insurance (Group) Company of China, Ltd.

SB Finance partners with OneConnect Financial Technology to roll-out cloud based financial technology

OneConnect Financial Technology Co., Ltd. (OCFT) CEO Ye Wangchun on Q1 2021 Results - Earnings Call Transcript

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 first quarter ended March 31, 2021. First Quarter 2021 Financial Highlights Revenue increased 41.1% year over year to RMB820 million from RMB581 million. Gross margin was 34.0%, as compared to 34.8%; non-IFRS gross margin1 was 43.5%, as comp

OneConnect Announces First Quarter 2021 Unaudited Financial Results

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 first quarter 2021 after U.S. markets close on Tuesday, May 11, 2021. A conference call will follow on the same day. Date/Time Tuesday, May 11, 2021 at 9:00 p.m., U.S. Eastern Time Wednesday, May 12, 2021 at 9:00 a.m., Beijing Time On

OneConnect to Announce First Quarter 2021 Financial Results

Result findings were revealed at virtual event organised by Blockchain Association Singapore Proof of Concept (PoC) developed for a quantum distributed ledger to uncover potential advantages for distributed ledgers (DLT) SINGAPORE, April 7, 2021 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (OneConnect) the leading technology-as-a-service platform provider and an associate of Ping An Insurance Group, and Singapore Management University (SMU) today announced the key findings from a jointly conducted research on the potential of quantum computing to augment blockchain technology for businesses.

OneConnect Financial Technology and Singapore Management University announce key findings from joint research on potential for quantum computing to resolve blockchain trilemma

Digital banking is growing around the world, and Southeast Asia is fertile ground for this fintech.

1 Reason Smart Investors Are Watching OneConnect Financial Technology

OneConnect Financial Technology Co., Ltd. (OCFT) CEO Ye Wangchun on Q4 2020 Results - Earnings Call Transcript

Shares of OneConnect Financial Tech (NYSE:OCFT) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 66.67% over the past year to ($0.15), which beat the estimate of ($0.18).

Recap: OneConnect Financial Tech Q4 Earnings

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 fourth quarter and full year 2020 after U.S. markets close on Tuesday, February 2, 2021. A conference call will follow on the same day. Date/Time Tuesday, February 2, 2021 at 8:00 p.m., U.S. Eastern Time Wednesday, February 3, 2021 at

OneConnect to Announce Fourth Quarter and Full Year 2020 Financial Results

The Chinese fintech stock had a great first year as a public company.

Why OneConnect Financial Technology Rocketed 103.6% Higher in 2020

OneConnect's stock price has doubled in the past 12 months. The net income growth caused by the non-recurring cost cuts is barely sustainable.

Chinese Fintech OneConnect Raises Concerns Despite Decent Financials

SHENZHEN, China, Dec. 21, 2020 /PRNewswire/ -- Financial technology has moved from the innovation fringe of the financial services sector to become the engine of its growth, says Ye Wangchun, Chairman and CEO of OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect" or "the...

OneConnect CEO: Fintech Transformation Now a Driver of Growth in Banking Sector

SHENZHEN, China, Dec. 11, 2020 /PRNewswire/ -- Leading technology-as-a-service platform provider OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect" or "the Company") was recognized at the recent FinTech Abu Dhabi Festival for its technological support of ADGM Digital...

OneConnect Enables Fintech Innovation in Abu Dhabi Global Market's Digital Lab

SHENZHEN, China, Nov. 26, 2020 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), the leading technology-as-a-service platform provider and an associate of Ping An Insurance Group, reaffirms its commitment as the trusted tech partner for financial institutions in...

OneConnect Financial Technology cements presence in Malaysia with new entity; Launch graced by MDEC

SHENZHEN, China, Nov. 22, 2020 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT), an associate of the Ping An Group, and China Merchants Group recently launched the Guangdong-Hong Kong-Macao Greater Bay Area Port Logistics and Trade...

OneConnect Launches "Linked Port" in China's Greater Bay Area

SHENZHEN, China, Nov. 17, 2020 /PRNewswire/ -- With the advancement of new financial infrastructure, the integration of online and offline financial institutions will be a key driver of revenue growth. OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT),...

OneConnect: Technology Will Drive Restructure of Financial Services

OneConnect Financial Technology went public in December 2019, raising $312 million in a U.S. IPO. The firm provides modern software to banking and insurance companies in China and other Asian countries.

OneConnect Financial Produces Enviable Growth Trajectory

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 10, 2020 at 10:00 am (local time). No proposals will be submitted for shareholder appro

OneConnect to Hold Annual General Meeting on December 10, 2020

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 ended September 30, 2020. Third Quarter 2020 Financial Highlights Revenue increased 50.7% year-over-year to RMB881 million from RMB585 million. Gross margin expanded to 42.7% from 38.6%; non-IFRS gross margin1 expanded to 51.2%

OneConnect Announces Third Quarter Unaudited Financial Results

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 2020 after U.S. markets close on Tuesday, November 3, 2020. A conference call will follow on the same day. Date/Time Tuesday, November 3, 2020 at 8:00 p.m., U.S. Eastern Time Wednesday, November 4, 2020 at 9:00 a.m., Bei

OneConnect to Announce Third Quarter 2020 Financial Results

HONG KONG, Oct. 20, 2020 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (OneConnect, NYSE: OCFT), a leading technology-as-a-service platform for financial institutions, shared its vision of innovation with the Fintech Association of Hong Kong of the Chinese Banking Association...

OneConnect Shares Fintech Insights with Chinese Banks and Fintech Companies

SHENZHEN, China, Oct. 19, 2020 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT) has been recognized for its innovative OneConnect Financial Cloud with the Real Results Digital Trust Award from International Data Corporation (IDC), the...

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