OneConnect Establishes Strategic Partnership with Pismo

Through the collaboration, the company has entered the Banking SaaS space.

OneConnect is also planning to expand its services in SEA and the Middle East.

OneConnect noted that it has developed a strategic partnership with Pismo due to the companys deep expertise in banking SaaS solutions. The fintech firm aims to offer efficient SaaS-based banking solutions to smaller banks.

Tan Bin Ru, CEO (Southeast Asia), OneConnect Financial Technology, said: “We are excited by the potential that this partnership brings to both parties. As a financial technology solutions provider, we are constantly looking out for new technologies and ways for us to bring better value to financial institutions.”

“With this partnership with Pismo, we are glad to be able to extend our range of services to now include SaaS, which we envision to be more accessible and implementable for mid-to small-sized banks. This is also where we believe we can bring together the best of the East – best-in-class AI innovations and technology – and the West – a flair in product engineering,” Bin Ru added.

Banking Solutions

The demand for technology-driven banking solutions has increased substantially in emerging economies like Thailand, Vietnam, and Malaysia. Pismo has previously developed banking SaaS solutions for some of the leading financial institutions, including prominent digital banks. Vishal Dalal, CEO (North America, Europe, and Asia) at Pismo, said that Southeast Asia is an important market for the company.

“Southeast Asia is a key market for Pismo, as one of the highest growing economies in the world. Our vision is to help banks and fintech companies in their journey into BaaS and cloud for core processing. Our presence in Singapore and our partnership with a high-accomplished institution as OneConnect underlines our deep commitment to this region,” Dalal, said.