OneConnect Financial Technology, a technology-as-a-service platform provider and an associate of Ping An Insurance Group, launched its new entity – OneConnect Smart Technology, in Malaysia. The launch was graced by Dato’ Ng Wan Peng, Chief Operating Officer of the Malaysia Digital Economy Corporation (MDEC).

In line with OneConnect’s Southeast Asia expansion strategy, Malaysia is a key growth engine. The ongoing digital transformation taking place in the financial landscape signifies a positive sign for OneConnect who has market-ready solutions for InsurTech and full-stack digital banking technologies including end-to-end frictionless account opening and onboarding, smart lending, and an eKYC solution that recognises MyKad, which is a Malaysian identity card.