SINGAPORE, September 19, 2022 /PRNewswire/ — OneConnect Financial Technology Co., Ltd (“OneConnect” or the “Company”, Stock Code: 6638.HK), a leading provider of Technology-as-a-Service (“TaaS”), announced this Assisted in the development of the Abu Dhabi Global Market (ADGM) SME financing platform, an integrated digital financial marketplace that will transform the financing services landscape for small and medium-sized enterprises (SMEs) in the US United Arab Emirates (UAE). Working in partnership with ADGM, the international financial hub in the UAE capital, the smart marketplace will help drive financial inclusion, increase transparency, reduce operational costs in SME financing and enhance the overall customer experience for SMEs and financing organizations .

ADGM’s SME finance platform will be an open and inclusive digital finance platform that improves SMEs’ access to finance. As a marketplace connecting various key stakeholders such as SMEs, multi-lenders and government agency data sources, and supported by a robust lending process that enables seamless data transfer, the platform will enable better, faster and more risk-sensitive funding decisions to be made. The entire loan application process is designed to be agile and simplified through the use of digital tools such as e-contracts and e-signatures.

As a result, SMEs can access a wider range of financing options, e.g. B. on effective supply chain financing solutions. It will also give financiers such as banks and debt funds access to a wider range of customers. In addition, a smart recommendation engine will help SMEs identify the most suitable loan products available to them on the market.

“At OneConnect, we believe in creating long-term value for our customers. We listen to our customers’ needs and deliver next-generation Omni solutions that meet not only their present needs, but also their future ones. With ADGM, this is our goal second project, which is a direct reflection of our deepened…