OneConnect launches all-in-one Digital Banking Options Suite, OneCosmo

By Leandra Monteiro

OneConnect Monetary Know-how Co., Ltd, a number one technology-as-a-service supplier and an affiliate of Ping An Group, introduced the launch of OneCosmo, a one-stop omni platform for all-in-one digital banking options collectively developed with Brazil-based tech firm Pismo, one of many quickest rising banking Software program-as-a-Service (SaaS) companies.

The launch of OneCosmo is the results of the joint product choices of OneConnect and Pismo, having launched into a strategic partnership earlier in April 2022. Leveraging next-generation expertise comparable to synthetic intelligence (AI), machine studying (ML), blockchain, and SaaS, the suite of options supplied by OneCosmo is geared in the direction of providing a extremely scalable and simply integratable answer for banks and monetary establishments to construct digital banking capabilities.

The options provided by OneCosmo span a variety of providers, from digital id verification and core banking to digital funds, and digital lending. The platform additionally permits integration throughout completely different third-party service suppliers, utilizing its extremely versatile APIs (Software Processing Interfaces) and microservices.

Potential customers of OneCosmo may even be capable to totally onboard themselves onto its platform inside a matter of weeks because of pre-integrated and pre-configured options, whereas permitting monetary establishments the flexibleness of customisation to their required specs.

OneCosmo may even allow monetary establishments to leverage real-time knowledge streaming, permitting for higher perception into client behaviour via knowledge evaluation. OneCosmo permits for flexibility in working with legacy expertise, providing monetary establishments the liberty to customize the options suite to cater to their particular person wants. Thus far, Pismo’s expertise integrated in OneCosmo’s answer has been utilised by greater than 50 million clients.

Commenting on the launch of OneCosmo, Tan Bin Ru, CEO (Southeast Asia), OneConnect Monetary Know-how mentioned, “OneCosmo represents the fruits of our labour from our strategic partnership with Pismo. Right here at OneConnect, driving the digitalisation of monetary establishments and banks for a higher stage of monetary inclusion has been our imaginative and prescient, and OneCosmo permits us to additional amplify our imaginative and prescient for extra establishments at a bigger scale.”  With the mixture of SaaS and TaaS, OneCosmo is an omni channel platform which allows us to raised service monetary establishments of all sizes.”

“Pismo’s mission is to assist banks and fintechs deploy the next-gen of progressive merchandise on the cloud for his or her clients, and we’re excited to increase that mission with this new providing for Asia. The launch of OneCosmo showcases our joint dedication with OneConnect to offer establishments with the instruments to good their digital technique for the way forward for monetary providers,” mentioned Vishal Dalal, CEO (North America, EMEA, and APAC) at Pismo.

OneCosmo is presently obtainable in Southeast Asian nations together with Thailand, Malaysia, Indonesia, The Philippines, and Singapore, with a view to increase its choices to monetary establishments inside the Center East.