OneConnect partners with Pismo for a unified digital banking solution, OneCosmo

Technology-as-a-service (TaaS) company OneConnect Financial Technology has launched an all-in-one digital banking solution, OneCosmo.

OneCosmo offers a range of digital banking features for financial institutions

The solution was jointly developed with Brazilian 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 develop digital banking capabilities .

OneCosmo offers digital identity verification, basic banking, digital payments and digital lending capabilities and enables integration with third-party services through “very flexible” APIs and microservices.

The platform will also allow financial institutions to take advantage of real-time data feeds, enabling better understanding of consumer behavior through data analytics.

OneConnect Southeast Asia CEO Tan Bin Ru says, “Driving the digitalization of financial institutions and banks for greater levels of financial inclusion has been our vision, and OneCosmo enables us to further amplify our vision. for more institutions on a larger scale.

OneCosmo is currently available in Southeast Asian countries including Thailand, Malaysia, Indonesia, Philippines and Singapore, with plans to expand into the Middle East.