OneConnect to offer products in Europe through finleap deal

OneConnect, an affiliate of Ping An Insurance, will offer its FinTech software-as-a-service (SaaS) to the European market via finleap in a new partnership.

China-based OneConnect builds technology solutions, powered by AI, blockchain, cloud computing, and biometric identification technology, for small and medium-sized financial institutions. Its offerings span various aspects of digital banking, insurance, and investing, including robo-advisors, mobile banking, digital loans, smart risk prevention, claim management, and auto insurance.

Finleap connect, an ecosystem for various FinTech solutions, will offer OneConnect’s products to its European customers by integrating them into its products and go-to-market ventures.

finleap partner Dr. Carolin Gabor said, “We are impressed by OneConnect’s technical capabilities and deep understanding of digital transformation in financial services. Asia is clearly at the forefront here; you won’t find that level of maturity in European technology. We are pleased to use OneConnect’s solutions in the European market to offer superior products and services with finleap connect to our ecosystem and partners.”

This partnership represents the first time OneConnect will enter the European market as a strategic partner.

Last year, finleap received a €41.5m investment from Ping An to support the development of the platform.

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