OneConnect’s AI Open Innovation Platform for Inclusive Finance Receives 2021 Wu Wenjun AI Science and Technology Progress Award

Issued annually by the China Association for Artificial Intelligence, the Wu Wenjun AI Science and Technology Progress Award is the highest honor for intelligent science and technology in China. OneConnect is one of only five companies to receive the award in 2021, cementing its leadership position as a company for innovation, R&D, application development and ecosystems in the field of technology. ‘IA. China financial services industry, while building industry support for OneConnect.

OneConnect’s open innovation platform was first launched in 2019 after its parent company, Ping An Group, became the only integrated financial firm approved by the Ministry of Science and Technology (MoST) to build a inclusive finance platform. Designed to address the underlying issues of low efficiency and lack of innovation in banking and finance, an open platform for inclusive finance enables the provision of comprehensive and efficient services for all social and demographic groups. By leveraging advanced technologies such as AI, FinTech organizations can help broaden the breadth and depth of financial and management services offered, provide better solutions when there is insufficient or imbalanced supply, the challenges of controlling risk for financial institutions and reducing operating costs for lenders. .

OneConnect’s platform combines the company’s extensive experience in AI R&D and applications with Ping An Group’s leading AI technology drivers, products and solutions, as well as the R&D strengths of institutions leading higher education institutions, such as the Chinese Academy of Sciences and Peking University. Taking full advantage of AI, the open innovation platform accelerates cutting-edge technologies that integrate AI and financial services, forms a convenient platform for sharing and transforming core AI technologies, and promotes the industrial upgrading and the development of ecosystems for inclusive finance.

Through its open platform, OneConnect has tackled key technical bottlenecks specific to financial services, such as smart identification and data processing. Vendors can access core AI technologies with independent intellectual property rights, API libraries and AI models for various functions, configurations and types of financial services activities, which in turn enable the creating end-to-end solutions for typical application scenarios for financial inclusion.

Currently, OneConnect has completed the foundational platform designs; formulated and improved annotation specifications for video, text, image, and voice in the financial services industry; and started building a multi-modal financial data set. The platform also offers hundreds of APIs that provide partners with basic technical processing capabilities, such as image recognition, speech recognition, and natural language processing, as well as application solutions. AI based on several financial scenarios such as risk control, marketing and operations.

Since its creation, OneConnect has continuously invested in technological R&D. From December 31, 2021, the company has filed 5,652 global patent applications, including 1,525 overseas patent applications. The technology used in OneConnect’s Inclusive Finance AI Open Innovation Platform has also won numerous awards and won first place in numerous international data processing challenges, including the OMG-Emotion Challenge during of the Joint International Conference on Neural Networks organized by the University of Hamburg; Documenting the Visual Question Answering Challenge (DocVQA); Stanford Question Answering Dataset (SQuAD) for reading comprehension; Stanford DAWN Deep Learning Benchmark (DAWNBench); 14th Workshop on Semantic Evaluation (SemEval2020); and the DSTC7 International Natural Language Generation Workshop.


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