OneConnect Partners with Pismo to Launch Digital Banking Solution OneCosmo

OneConnect Financial Technology, a technology-as-a-service (TaaS) provider and an associate of Ping An Group, announced the launch of OneCosmo, a one-stop omni platform for all-in-one digital banking solutions jointly developed with Brazil-based technology company Pismo.

The platform leverages technology such as artificial intelligence (AI), machine learning (ML), blockchain, and SaaS to offer a highly scalable and easy to integrate solution for banks and financial institutions to build digital banking capabilities.

The solutions offered by OneCosmo span a wide range of services, from digital identity verification and core banking to digital payments, and digital lending. The platform also allows for integration across different third-party service providers using its APIs (Application Processing Interfaces) and microservices.

The OneCosmo platform is currently available in Southeast Asian countries including Thailand, Malaysia, Indonesia, the Philippines, and Singapore, with a view to extend its offerings to financial institutions within the Middle East.

Tan Bin Ru, CEO of Southeast Asia at OneConnect Financial Technology said:"OneCosmo represents the fruits of our labour from our strategic partnership with Pismo. Here at OneConnect, 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. With the combination of SaaS and TaaS, OneCosmo is an omni-channel platform which enables us to better service financial institutions of all sizes."

"Pismo's mission is to help banks and fintechs deploy the next-gen of innovative products on the cloud for their customers, and we're excited to extend that mission with this new offering for Asia,"Vishal Dalal, CEO of North America, EMEA, and APAC at Pismo said."The launch of OneCosmo showcases our joint commitment with OneConnect to provide institutions with the tools to perfect their digital strategy for the future of financial services."