;

Ng said Ping An OneConnect would over time be in a position to help other financial institutions with their daily operational needs.

Ng said Ping An OneConnect would over time be in a position to help other financial institutions with their daily operational needs.

Ping An OneConnect, the financial technology arm of Ping An Insurance which was awarded a virtual bank licence last month, plans to provide the technology to help other virtual banks in the city manage fraud and loan default risks.

Jeffrey Ng, head of fintech solutions at Ping An OneConnect, said technologies such as micro-expression recognition and natural language processing could be used to enhance the customer due diligence process, especially when lenders are struggling with a lack of access to information on clients.

admin

Read Previous

Poor data management costs firms $20 mn annually: Report

Read Next

US Can Sustain Trump’s 3% Growth With AI

Leave a Reply

Your email address will not be published. Required fields are marked *