OneConnect Named One of the "Top 50 Chinese Companies Going Global"
On May 28, the 14th China Overseas Investment Fair was held in Beijing, where the inaugural "Top 50 Chinese Companies Going Global" list was released. OneConnect was recognized as one of the top 50 companies for its outstanding performance in overseas markets and its influence in the global fintech sector.
The "Top 50 Chinese Companies Going Global" list was jointly compiled by CLS and the China Overseas Development Association, covering five categories: "SaaS and Technical Services," "Cross-Border Payment Services," "Cross-Border E-Commerce and Logistics Supply Chain," among others. The evaluation criteria included the professionalism and comprehensiveness of global services provided to Chinese overseas companies, market influence, innovation capabilities, technical strength, risk management and response strategies, and social responsibility.
Since 2018, OneConnect has been actively expanding its presence in overseas markets, focusing on fintech innovation and development globally. The company’s "One Body, Two Wings" strategy, which centers on servicing the digital transformation of financial institutions while simultaneously expanding its ecosystem and overseas markets, has yielded significant results. To date, OneConnect's operations span 20 countries and regions, including South Africa, Singapore, Thailand, Malaysia, Indonesia, the UAE, the Philippines, and Vietnam, serving a total of 186 overseas financial institutions.
The "One Body, Two Wings" strategy not only demonstrates OneConnect's rapid global expansion capabilities but also reflects its dedication to advancing international fintech. Leveraging globally leading technologies such as artificial intelligence, blockchain, and cloud computing, OneConnect has developed a series of innovative fintech solutions that cater to diverse regional needs, aiding in the comprehensive digital transformation of local financial service ecosystems.
In Southeast Asia, OneConnect has established strategic partnerships with financial institutions in various countries and regions, driving local fintech innovation. For example, OneConnect collaborated with SB Finance in the Philippines to support the digital transformation of financial institutions by accelerating product launch times and reducing operational costs. Additionally, OneConnect partnered with Indonesia's Bank Negara Indonesia to provide comprehensive technical solutions, enhancing the bank's digital service capabilities and operational efficiency.
In the Middle East, OneConnect has worked with the Abu Dhabi Global Market (ADGM) on several significant fintech projects, including a digital sandbox platform and an SME financing platform. These projects not only offer advanced fintech solutions to local businesses but also promote fintech innovation in the Middle East, serving as a "Middle Eastern model" of Chinese fintech companies contributing to the high-quality development of the Belt and Road Initiative.
Moreover, OneConnect has made notable progress in emerging markets such as South Africa and South America. For instance, it partnered with Old Mutual to drive the digital transformation of the South African life insurance business and launched the integrated digital banking solution OneCosmo with Brazilian tech company Pismo, helping financial institutions in Southeast Asia and the Middle East establish and expand digital banking functions.
OneConnect remains committed to the philosophy of "Professionalism, Technology Creates Value," continuously innovating and striving to become a global leader in the fintech industry. Being named one of the "Top 50 Chinese Companies Going Global" is a testament to OneConnect's exceptional performance in the international market. Leveraging this recognition, OneConnect will continue to drive technological innovation, actively respond to the Belt and Road Initiative, deepen cooperation with financial institutions worldwide, promote the digital transformation of global financial service ecosystems, and provide superior services and solutions to clients, writing a new chapter in the global expansion of Chinese fintech enterprises.