OneConnect partners Pismo for unified digital banking solution, OneCosmo
Technology-as-a-service (TaaS) firm OneConnect Financial Technology has launched an all-in-one digital banking solution, OneCosmo.
OneCosmo offers a range of digital banking capabilities for financial institutions
The solution has been jointly developed with Brazil-based fintech Pismo, with which OneConnect entered into a strategic partnership in April this year.
The platform leverages artificial intelligence (AI), machine learning (ML) and blockchain to form a “highly scalable” and integrated solution for banks and fintechs looking to build digital banking capabilities.
OneCosmo offers digital identity verification, core banking, digital payments and digital lending capabilities and allows for integration with third-party services thanks to “highly flexible” APIs and microservices.
The platform will also enable financial institutions to leverage real-time data streaming, allowing for greater insight into consumer behaviour through data analysis.
OneConnect Southeast Asia CEO Tan Bin Ru says: “Driving the digitalisation of financial institutions and banks for a greater level of financial inclusion has been our vision, and OneCosmo allows us to further amplify our vision for more institutions at a larger scale.”
OneCosmo is currently available in Southeast Asian countries including Thailand, Malaysia, Indonesia, The Philippines and Singapore, with a view to expanding to the Middle East.
