OneConnect’s AI Open up Innovation Platform for Inclusive Finance Receives 2021 Wu Wenjun AI Science and Know-how Progress Award

SHANGHAI, Jan. 19, 2022 /PRNewswire/ — OneConnect Monetary Technology Co., Ltd. (NYSE: OCFT) (“OneConnect”), a major technology-as-a-services platform for economical establishments, has been awarded the 2021 Wu Wenjun Synthetic Intelligence Science and Technological innovation Progress Award (Business Technological know-how Innovation Venture) for its subsequent-era Artificial Intelligence Open Innovation System for Inclusive Finance.

Launched every single calendar year by the Chinese Association for Synthetic Intelligence, the Wu Wenjun AI Science and Technological know-how Progress Award is the optimum accolade for smart science and engineering in China. OneConnect is a person of only 5 companies to obtain the award in 2021, which cements its leadership place as an organization for AI innovation, R&D, application and ecosystem growth in China’s financial providers marketplace, though also reinforcing the industry’s guidance for OneConnect.

OneConnect’s open up innovation system was very first released in 2019 right after its dad or mum organization, Ping An Team, turned the only integrated economical company permitted by the Ministry of Science and Technologies (MoST) to make an inclusive finance system. Designed to deal with fundamental concerns of lower effectiveness and a absence of innovation in the banking and finance marketplace, an open up system for inclusive finance allows the shipping of comprehensive and successful solutions for all social teams and demographics. By harnessing cutting-edge technologies these as AI, FinTech businesses can assistance extend the breadth and depth of economical providers and management provided, provide much better methods for inadequate or unbalanced source, deal with worries with risk control for monetary institutions, and decreased working expenditures for loan providers.

OneConnect’s system combines the company’s substantial knowledge in AI R&D and apps with Ping An Group’s main AI engineering engines, products and solutions and answers, as perfectly as the R&D forces of main greater schooling institutions, this sort of as the Chinese Academy of Sciences and Peking College. Earning complete use of AI, the open innovation platform accelerates breakthrough technologies that combine AI and monetary expert services, varieties a hassle-free platform for the sharing and transformation of main AI technologies, and promotes the industrial improve and ecosystem growth for inclusive finance.

With its open platform, OneConnect has tackled important technical bottlenecks that are distinctive to economical solutions, this kind of as wise identification and information processing. Suppliers can access core AI technologies with independent IP legal rights, API libraries, and AI templates for a variety of monetary company capabilities, configurations, and organization forms, which in flip allow the creation of close-to-close methods for usual application eventualities for economical inclusion.

At existing, OneConnect has done the foundational layouts for the platform formulated and improved the annotation specifications for videos, texts, photos and voices in the monetary solutions sector and commenced the development of a multi-modal money facts established. The system also capabilities hundreds of APIs that present companions with primary technological processing abilities, these as image recognition, speech recognition, and purely natural language processing, as perfectly as AI application options centered on several economical situations this sort of as possibility regulate, internet marketing, and operations.

Since its inception, OneConnect has consistently invested in technological innovation R&D. As of December 31, 2021, the business has submitted 5,652 world patent applications, of which 1,525 are abroad patent apps. The know-how utilized within OneConnect’s AI Open Innovation Platform for Inclusive Finance has also garnered several awards and taken out first area in quite a few intercontinental details processing worries, which includes the OMG-Emotion problem at the International Joint Conference on Neural Networks hosted by the University of Hamburg Doc Visible Question Answering (DocVQA) obstacle Stanford Dilemma Answering Dataset (SQuAD) for looking through comprehension Stanford DAWN Deep Discovering Benchmark (DAWNBench) 14th Workshop on Semantic Evaluation (SemEval2020) and the worldwide DSTC7 normal language era workshop.

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