22.5 C
Dubai
Saturday, November 23, 2024
spot_img

OneConnect launches OneCosmo, a SaaS solution powered by Pismo, in the UAE

[ad_1]

The OneCosmo suite allows financial institutions and fintech companies in the region to build a wide range of digital banking capabilities, gaining flexibility and scalability

Abu DhabiUnited Arab Emirates, October 18, 2022 /PRNewswire/ — OneConnect Smart Technology (ME) Ltd (OneConnect), a leading technology-as-a-service provider and affiliated company of Ping An Group, announces the launch of OneCosmo, a one-stop, all-in-one platform for everyone – All in One digital banking solutions, in United Arab Emirates (UAE).It was jointly developed with Brazil– Headquartered in technology company Pismo, it is one of the fastest growing banking software-as-a-service (SaaS) companies.

Thanks to pre-integrated and pre-configured features, OneCosmo allows customers to launch financial products within weeks. It also supports real-time data streaming for deeper insights into consumer behavior through data analytics. OneCosmo is a flexible and microservices-led API-driven platform that provides financial institutions the freedom to customize a suite of solutions to meet their individual needs. To date, the Pismo technology used in OneCosmo’s solutions has been used by more than 60 million bank customers, with rapid month-on-month growth.

The launch of OneCosmo is the result of a strategic partnership between the two parties April 2022 Provided by OneConnect and Pismo. Leveraging Pismo’s next-generation cloud-native SaaS platform, OneCosmo’s suite of solutions provides banks and financial institutions with a highly scalable and easy-to-integrate option for building digital banking capabilities. It includes a wide range of services, from digital identity verification and core banking to card issuance, digital wallets and digital lending. The platform also allows integration across different third-party service providers using highly flexible APIs (application programming interfaces) and microservices.

“The UAE’s digital banking and digital payments market will grow faster than the global average over the next five years. Customers have high expectations for their banks and are showing strong interest in digital banking,” said Vishal Dalalthe CEO (North America, EMEA and APAC) at Pismo. “Through the partnership between Pismo and OneConnect, we’re bringing the right technology to market to help banks and fintechs deliver the digital products their customers want.”

“With OneCosmo in Asia, we are delighted that the solution has generated great interest from local financial institutions. We are now delighted to bring our leading technology solutions and expertise to the UAE with OneConnect’s strategic partner Pismo. As the leading fintech market in the MENA region, coupled with strong support from local regulators, the UAE will be an important market for us. ” Tan Binruthe CEO (Southeast Asia) of OneConnect Fintech.

[ad_2]

Source link

Related Articles

UAE Operation ‘Chivalrous Knight 3’: Over 121 Aid Shipments Delivered to Gaza Amid Humanitarian Efforts

UAE has reinforced its dedication to humanitarian relief through the ongoing effort known as Operation ‘Chivalrous Knight 3.’   This initiative has seen the UAE dispatch...

With an eye towards its IPO on Nasdaq and Euronext, AAD Invest Group finalizes a EUR 75 million funding agreement with Global Emerging Markets...

AAD Invest Group finalizes a EUR 75 million funding agreement with Global Emerging Markets (GEM) About AAD Invest Group – Nov 2024 Founded in January 2024...

UAE Strengthens Global Ties: President Welcomes Qatari Prime Minister, While Crown Prince Leads at G20 in Brazil

UAE is making significant strides in strengthening its international relations, with recent diplomatic activities highlighting the country's growing influence on the global stage. In a...

Abu Dhabi Crown Prince Leads Strategic Talks at G20: Strengthening UAE-Brazil Relations for a Prosperous Future

Abu Dhabi’s Crown Prince, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, is currently in Brazil to participate in the G20 Summit, a...

From Seed to Superfoods The Inspiring Journey of Bharat Budhiraja and Urbana Superfoods

In a world teeming with fast-paced food trends, Bharat Budhiraja is charting a unique path with his brand, Urbana Superfoods, owned by Krish Perennials Pvt....

Latest Articles