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Cyberport’s 350 Startups to Gain Access to Ping An’s Fintech Open Platform

Cyberport signed a memorandum of understanding Ping An’s fintech arm One connect to o be among the first batch partners of the company’s open Fintech SaaS (Software-as-a-Service) platform, “Gamma O”.

The arrangement allows Cyberport’s 350 startups to enjoy priority to access to One Connects suite of solutions which, according to the press release, includes open APIs, big data and AI.

OneConnect described the platform as a one stop “App Store” for the financial sector, providing turnkey fintech solutions.

Dr. George Lam

Dr. George Lam, Chairman of Cyberport, said,

“Our partnership with Ping An, the leading tech-powered personal financial services group in China, not only gives our fintech startups access to a large number of banking customers across the border, but also creates a favourable environment for them to ride the wave of open banking in the Greater Bay Area. This opens up more opportunities for them to collaborate with industry players and tap the mainland market.”

Dr Lam added that Cyberport will work with OneConnect to explore together possibilities of introducing an incubation programme to promote cross-border FinTech talent exchanges between Hong Kong and Shenzhen in order to also address the current talent shortage in the midst of a fast-growing market.