Home > News > featured news > OneConnect Inks New Strategic Partnership Agreement with Chengfang Financial Technology

Finance

OneConnect Inks New Strategic Partnership Agreement with Chengfang Financial Technology

OneConnect | January 10, 2022

OneConnect Financial Technology Co., Ltd. ("OneConnect"), a leading technology-as-a-service platform for financial institutions has today announced it has entered into a strategic partnership with Chengfang Financial Technology Co. Ltd., (abbreviated as "Chengfang Financial Technology"), a financial technology company established by the People's Bank of China ("PBOC"). Working with shared principles of equal collaboration, joint development, honesty and trustworthiness, both parties will work together to address common pain points in the financial industry, deliver technological innovations, and enhance data processing and governance.

Under the agreement, OneConnect and Chengfang Financial Technology will harness cutting-edge technologies -- including AI, cloud computing and big data -- to explore new applications for data privacy technology in bank surveillance systems, promote the introduction and sharing of new data standards, and identify the financial data collaboration and circulation models needed by businesses to meet the requirements for secure cloud computing. In addition, the two parties will carry out research and development in areas such as secure computing technology, blockchain, and graph data; as well as nurture and cultivate new FinTech talents for the future.

"This partnership with Chengfang Financial Technology is a significant step forward for OneConnect. China's digital banking sector has continuously remained at the forefront of digital transformation, and technology is at the core of its integrity and innovation. As a FinTech B2B business, OneConnect upholds its responsibility to promote the development of the financial services sector. Together with Chengfang Financial Technology, we will continue to adhere to our ongoing mission: to develop and empower the industry with our unique combination of professional expertise and technology, in order to build a new way forward for digital banking." 

Wangchun Ye, Chairman of OneConnect
 
A subsidiary of PBOC, Chengfang Financial Technology is entrusted with the construction, operation, and maintenance of the digital banking system for China's central bank. The company performs resource scheduling and operation management for PBOC's network and data centers, and operates its data transfer management platform to provide the entire system with services ranging from network communications and infrastructure to systems maintenance and data transfer. Its partnership with OneConnect promises to accelerate the digitalization of China's banking sector, and cements OneConnect's position as a leader in digital financial development.

As the world's leading technology-as-a-service platform for financial institutions, OneConnect harnesses cutting-edge technologies to improve efficiency and services for banks, government agencies and exchanges, while also reducing costs and minimizing risk. OneConnect helps providers accelerate digital transformation across four key pillars: the construction of a digital ecosystem, the cultivation of green finance, the integration of the Greater Bay Area, and the continued development of the FinTech sector.

In addition to its partnership with Chengfang Financial Technology, OneConnect has established strategic alliances with the China Securities Regulatory Commission's Technology Supervisory Bureau, Insurance Asset Management Association of China, and China Insurance Asset Registration and Trading System Co., Ltd. The company has also successfully implemented major FinTech projects around the world, including the Hong Kong Stock Exchange's FINI IPO settlement platform, Singapore Stock Exchange's ESG platform, a corporate financing platform for small to medium-sized enterprises in the Guangdong province, Hong Kong's trade finance linkage platform, Guangxi Province's cross-border digital finance platform, the Hainan Provincial Financial Supervisory Bureau's smart integrated financial services platform, and more.

OneConnect has also been aggressively exploring and leading the development of privacy computing in recent years, leveraging its advantages in privacy computing technology and cooperation practices. The company has won China Merchants Bank's bid for the "Privacy Computing Platform Interoperability" project, and the two companies will begin working together closely to build China's first multi-party cross-heterogeneous privacy computing platform. The project will be applied to financial scenarios such as financial risk control, anti-fraud, and blacklist query. By collaborating on this platform, both parties will jointly activate the full potential of big data and boost customer business value on the basis of meeting regulatory data privacy protection regulations.

Looking ahead, OneConnect plans to continue exploring new partnerships with domestic and foreign organizations, government agencies and financial exchanges; strengthen its technological innovation and IP protection; and improve its R&D capabilities in technology in order to accelerate the digitalization of the global financial services sector.

Spotlight

More featured news

Spotlight

Related News

Technology

Simply Business Teams Up With Cerity® to Offer Workers' Compensation Coverage to Small Business Customers

PRnewswire | July 13, 2023

Simply Business, LLC, a Boston-based digital insurance company focused on small businesses, announced today an association with Cerity, a provider of digital-first, direct-to-consumer workers' compensation insurance policies. Customers can receive quotes for Cerity's workers' compensation insurance on the Simply Business website, bind their policies online, or connect with a licensed insurance agent, who can help ensure their coverage meets their business's needs. "We are committed to providing small business owners with a wide range of insurance options that cater to their specific needs and preferences," said David Summers, Group CEO of Simply Business. "We're excited to team up with Cerity, who shares our digital-first approach and combines a deep understanding of workers' compensation with expertise in the online insurance purchasing process." Cerity is a subsidiary of Employers Holdings, Inc., a workers' compensation specialist with an over 100-year history. This offering is currently available to small business owners in Washington D.C. and all 46 states where private carriers are eligible to operate. "We are thrilled to team up with Simply Business to meet customers where they want to be: online," said Chris Champlin, Vice President of Digital Sales at Cerity. "By leveraging technology, we have created a digital-first experience that makes it easy for small business owners to get the coverage and peace of mind they need so they can focus on running their business." Simply Business Simply Business is changing the way small business owners find business insurance by offering customers tailored insurance coverage online. The company began in the United Kingdom and expanded to the United States in 2017, naming Boston home. With thousands of customers, Simply Business has become a leader in the space through its commitment to a customer-first model, focusing heavily on simplicity, choice, and value. Cerity Cerity® is a registered trademark of Cerity Services, Inc. Founded with a bold vision to reimagine small business insurance, Cerity empowers business owners to quickly and easily protect their team, their assets, and their livelihood through an online workers' compensation solution. With its digital-first approach, Cerity is transforming the entire process – from purchasing and maintaining coverage to filing a claim – to be simple, fast, and easy. The company's proprietary pricing model produces tailored quotes within seconds and can deliver a new policy in five minutes or less, enabling leaders to get back to what matters most: growing and scaling their operation. Cerity Services, Inc. is a subsidiary of Employers Holdings, Inc. (NYSE: EIG), an industry veteran with over 100 years of experience in workers' compensation. Employers Holdings, Inc., through its subsidiaries, operates throughout the United States, with the exception of four states that are served exclusively by their state funds. Insurance is offered through Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company, and Cerity Insurance Company, all rated A- (Excellent) by the A.M. Best Company. Not all companies do business in all jurisdictions.

Read More

Technology

Sendle Gives Small Businesses a Competitive Edge With New Two-Day Guaranteed National Package Delivery Service

Businesswire | July 31, 2023

Sendle, the most affordable delivery service built for small business, has launched Sendle Two-Day Guaranteed, its fastest national package delivery service. This new service, which is a speedy alternative to UPS, gives small businesses a competitive edge without breaking the bank. Sendle Two-Day Guaranteed starts at $8.48 and businesses in the U.S. can immediately sign up and start using the service at Sendle.com. The new Sendle Two-Day Guaranteed service launch comes on the heels of Sendle’s recently introduced Three-Day Guaranteed service. The new service provides the same, easy and reliable service Sendle’s small business customers have already come to love – and now at an even faster pace. With its new Two-Day Guaranteed service, Sendle will deliver parcels for small businesses door to door anywhere in the U.S. in two business days or less and with no extra fees or contracts. If a Sendle package isn’t delivered within two business days, Sendle will refund the small business the cost of the delivery with no questions asked. Sendle Two-Day Guaranteed includes tracking and $150 cover, and is 100% carbon-neutral at no extra cost. To top it off, there is no minimum pick-up quantity required for Sendle Two-Day Guaranteed. “As a company that is always moving quickly to provide the best services to address the needs of the small business market, we are proud to have introduced two new services this month that position us as a very strong challenger to UPS – including a fast and reliable two-day package delivery service that doesn’t cost a pretty penny,” says Tom Byun, Sendle’s President for North America. “While the threat of a crippling nationwide UPS strike is now behind us, the past few years have been an important reminder that there is always some level of uncertainty in the logistics industry. It reinforces the need for diversification using a parcel delivery solution like Sendle so small businesses – especially online retailers – can ensure the continuity of their operations no matter what disruptions may lie ahead.” Sendle Two-Day Guaranteed complements Sendle’s other national package delivery services built for small business, including Sendle Saver, the company’s best value shipping option, and Sendle Preferred, which offers delivery in one to five days. Sendle handles the end-to-end journey of every parcel shipped, offering dedicated customer service by real people, as well as a powerful online dashboard where customers can track and reschedule their deliveries, and more. “We primarily rely on Sendle for our shipping needs. We trust in Sendle's resilience and adaptability in the face of potential industry disruptions like a UPS strike. We don't have a specific contingency plan in place for such an event, because we believe in the robustness of Sendle's operations and its ability to continue delivering our products to customers efficiently,” says Santiago Martinez Oropeza, CEO and founder of Brush Club. About Sendle Sendle is the first carrier in the United States specifically designed to serve the needs of small ecommerce businesses. Sendle levels the playing field for small businesses by offering simple, affordable shipping across the U.S. and internationally, with no hidden fees, subscriptions, or warehousing required. Merchants simply purchase a label and schedule a pickup from Sendle, and their package can be dropped off or picked up from their front door. Sendle is also the first 100% carbon neutral shipping carrier in the U.S. and is a Certified B Corporation and Climate Neutral Certified. The company was founded in Australia in 2014 and is headquartered in Sydney, Australia; Seattle, Washington; and Toronto, Canada.

Read More

Finance

Cowbell Joins AWS Cyber Insurance Partner Initiative

PRnewswire | July 28, 2023

Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), today announced that it has joined the Amazon Web Services (AWS) Cyber Insurance Partner Initiative. Participation in this initiative demonstrates that Cowbell has deep expertise in serving SME customers with cyber insurance coverage tailored to their unique needs. As an AWS Cyber Insurance Partner, Cowbell's solution has been vetted by AWS for its ability to streamline the quoting process using thorough cyber risk assessments that leverage risk signals from AWS Security Hub. Policyholders will immediately benefit from the wealth of risk management resources bundled with every Cowbell-issued policy. "We are excited to be joining the AWS Cyber Insurance Initiative as a trusted provider of cyber insurance solutions for SME customers," said Jack Kudale, founder and CEO of Cowbell. "This achievement further validates our expertise in helping businesses effectively manage cyber risks and close the insurability gap. We are committed to serving AWS customers by offering tailored cyber insurance coverage and a wealth of risk management resources to protect their businesses." Despite cyber insurance being the fastest growing line of business in recent history, four out of five SMEs are still uninsured or underinsured for cyber. By working with AWS, Cowbell is extending its reach into cloud-first businesses, working with its appointed broker partners to close the insurability gap and deliver cyber risk transfer tailored to the needs of AWS customers in the SME market. AWS enables scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless adoption of cyber insurance coverage, AWS established the AWS Cyber Insurance Partner Initiative to help customers identify AWS Partners with deep industry experience and expertise. About Cowbell Cowbell is a pioneer of Adaptive Cyber Insurance, a leader in providing small and medium-sized enterprises (SMEs) coverage adaptable to today's and tomorrow's threats and the advanced warning of cyber risk exposures. In its unique AI-based approach to risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue in less than 5 minutes. Cowbell is backed by 20 prominent leading global (re)insurance partners and serves SMEs in 50 U.S. states and the District of Columbia. Founded in 2019, Cowbell is based in the San Francisco Bay Area with employees across the U.S., Canada, India, and the U.K.

Read More

Technology

Simply Business Teams Up With Cerity® to Offer Workers' Compensation Coverage to Small Business Customers

PRnewswire | July 13, 2023

Simply Business, LLC, a Boston-based digital insurance company focused on small businesses, announced today an association with Cerity, a provider of digital-first, direct-to-consumer workers' compensation insurance policies. Customers can receive quotes for Cerity's workers' compensation insurance on the Simply Business website, bind their policies online, or connect with a licensed insurance agent, who can help ensure their coverage meets their business's needs. "We are committed to providing small business owners with a wide range of insurance options that cater to their specific needs and preferences," said David Summers, Group CEO of Simply Business. "We're excited to team up with Cerity, who shares our digital-first approach and combines a deep understanding of workers' compensation with expertise in the online insurance purchasing process." Cerity is a subsidiary of Employers Holdings, Inc., a workers' compensation specialist with an over 100-year history. This offering is currently available to small business owners in Washington D.C. and all 46 states where private carriers are eligible to operate. "We are thrilled to team up with Simply Business to meet customers where they want to be: online," said Chris Champlin, Vice President of Digital Sales at Cerity. "By leveraging technology, we have created a digital-first experience that makes it easy for small business owners to get the coverage and peace of mind they need so they can focus on running their business." Simply Business Simply Business is changing the way small business owners find business insurance by offering customers tailored insurance coverage online. The company began in the United Kingdom and expanded to the United States in 2017, naming Boston home. With thousands of customers, Simply Business has become a leader in the space through its commitment to a customer-first model, focusing heavily on simplicity, choice, and value. Cerity Cerity® is a registered trademark of Cerity Services, Inc. Founded with a bold vision to reimagine small business insurance, Cerity empowers business owners to quickly and easily protect their team, their assets, and their livelihood through an online workers' compensation solution. With its digital-first approach, Cerity is transforming the entire process – from purchasing and maintaining coverage to filing a claim – to be simple, fast, and easy. The company's proprietary pricing model produces tailored quotes within seconds and can deliver a new policy in five minutes or less, enabling leaders to get back to what matters most: growing and scaling their operation. Cerity Services, Inc. is a subsidiary of Employers Holdings, Inc. (NYSE: EIG), an industry veteran with over 100 years of experience in workers' compensation. Employers Holdings, Inc., through its subsidiaries, operates throughout the United States, with the exception of four states that are served exclusively by their state funds. Insurance is offered through Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company, and Cerity Insurance Company, all rated A- (Excellent) by the A.M. Best Company. Not all companies do business in all jurisdictions.

Read More

Technology

Sendle Gives Small Businesses a Competitive Edge With New Two-Day Guaranteed National Package Delivery Service

Businesswire | July 31, 2023

Sendle, the most affordable delivery service built for small business, has launched Sendle Two-Day Guaranteed, its fastest national package delivery service. This new service, which is a speedy alternative to UPS, gives small businesses a competitive edge without breaking the bank. Sendle Two-Day Guaranteed starts at $8.48 and businesses in the U.S. can immediately sign up and start using the service at Sendle.com. The new Sendle Two-Day Guaranteed service launch comes on the heels of Sendle’s recently introduced Three-Day Guaranteed service. The new service provides the same, easy and reliable service Sendle’s small business customers have already come to love – and now at an even faster pace. With its new Two-Day Guaranteed service, Sendle will deliver parcels for small businesses door to door anywhere in the U.S. in two business days or less and with no extra fees or contracts. If a Sendle package isn’t delivered within two business days, Sendle will refund the small business the cost of the delivery with no questions asked. Sendle Two-Day Guaranteed includes tracking and $150 cover, and is 100% carbon-neutral at no extra cost. To top it off, there is no minimum pick-up quantity required for Sendle Two-Day Guaranteed. “As a company that is always moving quickly to provide the best services to address the needs of the small business market, we are proud to have introduced two new services this month that position us as a very strong challenger to UPS – including a fast and reliable two-day package delivery service that doesn’t cost a pretty penny,” says Tom Byun, Sendle’s President for North America. “While the threat of a crippling nationwide UPS strike is now behind us, the past few years have been an important reminder that there is always some level of uncertainty in the logistics industry. It reinforces the need for diversification using a parcel delivery solution like Sendle so small businesses – especially online retailers – can ensure the continuity of their operations no matter what disruptions may lie ahead.” Sendle Two-Day Guaranteed complements Sendle’s other national package delivery services built for small business, including Sendle Saver, the company’s best value shipping option, and Sendle Preferred, which offers delivery in one to five days. Sendle handles the end-to-end journey of every parcel shipped, offering dedicated customer service by real people, as well as a powerful online dashboard where customers can track and reschedule their deliveries, and more. “We primarily rely on Sendle for our shipping needs. We trust in Sendle's resilience and adaptability in the face of potential industry disruptions like a UPS strike. We don't have a specific contingency plan in place for such an event, because we believe in the robustness of Sendle's operations and its ability to continue delivering our products to customers efficiently,” says Santiago Martinez Oropeza, CEO and founder of Brush Club. About Sendle Sendle is the first carrier in the United States specifically designed to serve the needs of small ecommerce businesses. Sendle levels the playing field for small businesses by offering simple, affordable shipping across the U.S. and internationally, with no hidden fees, subscriptions, or warehousing required. Merchants simply purchase a label and schedule a pickup from Sendle, and their package can be dropped off or picked up from their front door. Sendle is also the first 100% carbon neutral shipping carrier in the U.S. and is a Certified B Corporation and Climate Neutral Certified. The company was founded in Australia in 2014 and is headquartered in Sydney, Australia; Seattle, Washington; and Toronto, Canada.

Read More

Finance

Cowbell Joins AWS Cyber Insurance Partner Initiative

PRnewswire | July 28, 2023

Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), today announced that it has joined the Amazon Web Services (AWS) Cyber Insurance Partner Initiative. Participation in this initiative demonstrates that Cowbell has deep expertise in serving SME customers with cyber insurance coverage tailored to their unique needs. As an AWS Cyber Insurance Partner, Cowbell's solution has been vetted by AWS for its ability to streamline the quoting process using thorough cyber risk assessments that leverage risk signals from AWS Security Hub. Policyholders will immediately benefit from the wealth of risk management resources bundled with every Cowbell-issued policy. "We are excited to be joining the AWS Cyber Insurance Initiative as a trusted provider of cyber insurance solutions for SME customers," said Jack Kudale, founder and CEO of Cowbell. "This achievement further validates our expertise in helping businesses effectively manage cyber risks and close the insurability gap. We are committed to serving AWS customers by offering tailored cyber insurance coverage and a wealth of risk management resources to protect their businesses." Despite cyber insurance being the fastest growing line of business in recent history, four out of five SMEs are still uninsured or underinsured for cyber. By working with AWS, Cowbell is extending its reach into cloud-first businesses, working with its appointed broker partners to close the insurability gap and deliver cyber risk transfer tailored to the needs of AWS customers in the SME market. AWS enables scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless adoption of cyber insurance coverage, AWS established the AWS Cyber Insurance Partner Initiative to help customers identify AWS Partners with deep industry experience and expertise. About Cowbell Cowbell is a pioneer of Adaptive Cyber Insurance, a leader in providing small and medium-sized enterprises (SMEs) coverage adaptable to today's and tomorrow's threats and the advanced warning of cyber risk exposures. In its unique AI-based approach to risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue in less than 5 minutes. Cowbell is backed by 20 prominent leading global (re)insurance partners and serves SMEs in 50 U.S. states and the District of Columbia. Founded in 2019, Cowbell is based in the San Francisco Bay Area with employees across the U.S., Canada, India, and the U.K.

Read More

More featured news