Indonesia

Ping An Aims to Bring In China’s Fintech Expertise to Indonesia

Ping An, the world’s largest insurer by value, has announced the launch of it’s fintech arm OneConnect in Indonesia. The fintech arm will be offering a suite of services ranging from Artificial Intelligence, Blockchain, Biometrics and other tech that were previously deployed within the Ping An Group.

The groups call to fame is its Biometric Authentication which boasts an accuracy of 99.8% which is widely regarded as among the best in the world.

OneConnect is also known for its blockchain solution, it is the technology provider for Hong Kong Monetary Authority trade finance blockchain project Hong Kong eTrade Connect

To mark the first step in the company’s effort toward accelerating digital transformation in Indonesia’s finance industry, OneConnect is forming a partnership with Indonesia’s traditional market association (ASPARINDO). The collaboration will see OneConnect conducting training workshops and also performing site visits at the markets to help the traders and kiosks digitize themselves.