SHANGHAI, Dec. 9, 2021 /PRNewswire/ -- OneConnect Financial
Technology Co., Ltd. (NYSE: OCFT) ("OneConnect"), a key
driver of fintech strategy for associate Ping An Insurance Group of
China ("Ping An"), has helped the group to top the list
of the World's Top Ten Fintech Companies in 2021 in Patent Quality,
followed by Ant Group and
Alibaba.
The list recently announced by 01Caijing Research Institute, one
of China's leading research
organizations, showcases innovation across the global fintech
sector by way of an analysis of the status and the quality of
patent applications. 01Caijing also used OneConnect as a case
study when compiling the list, in which the research
organization conducted an in-depth analysis of OneConnect's
achievements in the intellectual property (IP) sector.
The ranking also demonstrates the degree to which Ping An attaches importance to the research and
development (R&D) of key technologies and the gathering of
independent IP rights while at the same time furthering the
implementation of its fintech and financial ecology roadmap by
enhancing its technological capabilities through ongoing R&D
investment and ensuring the widespread application of its
technologies across the financial sector.
OneConnect, a key driver of Ping
An's fintech strategy, quickly adopted the group's overall
approach to patent acquisition and management by placing a high
value on IP applications and protection since day one.
OneConnect's Technology Capability
As of September 30, 2021,
OneConnect had filed 5,229 applications worldwide, of which
3,929 had been filed in China and
1,300 filed in other countries and regions, covering a targeted
group of high-tech sectors, among them artificial intelligence,
blockchain, big data, cloud computing and information security.
The applications focused on three fields: banking technology
(35.89%), asset management technology (25.12%) and insurance
technology (12.71%), reflecting the firm's ongoing commitment to
product upgrades through independent innovation.
Through the application of multiple advanced technologies,
including emotion detection and machine reading,
OneConnect has built an intelligent calling system that
features a rich script library, intelligent response, real voice
and flexible configuration by enabling intelligent voice
interactions that address business challenges facing banks across
diversified calling scenarios.
To date, applications have been developed that address seven
in-demand business scenarios, including deposit-based wealth
management, loan customer acquisition, credit card marketing,
payment by installment plans for credit cardholders, follow-up
surveys and payment alerts. With this solution, a joint-stock bank
upgraded to a smart solution for handling its credit card customer
service, effectively shortening the average call duration of its
customer service representatives by way of a semantic recognition
application with close to 85 per cent accuracy and the ability to
handle more than a half a million calls per month.
A Digital Ecosystem
OneConnect has been committed to building a digital
ecosystem comprised of government agencies, regulators and
companies in addition to empowering digital transformation for
financial institutions. The firm formed strategic partnerships
whereby the company assists partners in enhancing their
regulatory technology intelligence by providing them with advanced
technology solutions. Additionally, with extensive experience in
digital transformation, the company has deepened its commitment to
financial infrastructure by implementing multiple major projects
under the aegis of several regulators and government agencies
globally.
OneConnect has been expanding into international markets in
a move to increase its visibility globally while focusing on
serving Chinese domestic financial institutions. To date, the firm
has delivered its "created-in-China" technology solutions to over 100
financial institutions in 20 countries and regions, the majority of
which are located in Southeast
Asia.
OneConnect plans to continue strengthening technological
innovation and IP protection while improving its R&D
capabilities in technology, with the aim of providing users with
higher quality products and services.
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SOURCE OneConnect