In response to the five major financial articles of the country and the promotion of the development of new quality productivity, Ping An Insurance of China officially proposed a strategic path in May 2024- with the "three provinces" value proposition of "saving time, worry, and money", to further improve the quality of products and services for 234 million customers. As an important member of the group's fintech sector, Financial One Account also takes customer needs into consideration and strategically collaborates to create a "three province" experience, thereby empowering customers.
By releasing a series of intelligent visual products, we aim to identify risks and ensure safety for our customers; Sign a contract with a national property insurance company and establish an end-to-end solution cooperation model; Signing a contract with a commercial bank in a certain city in Southwest China to jointly build a digital future plan; Joining hands with Hunan Xingsha Rural Commercial Bank to provide technological support to help the bank upgrade its "mortgage fast loans"... The technological empowerment of Financial One Account has been deeply embedded in the customer's backend process.
How to "manage data well, make good use of data, and make data assets realize their value" has become a must answer question for financial institutions at present. In June 2024, Financial One Account successfully signed a contract with a national property insurance company to improve the construction and operation mode of the car insurance claims core system. This project combines the technical advantages of Financial One Account and customer needs to jointly create a comprehensive digital solution.
This collaboration adopts a "solution design+system implementation" approach to conduct consultation and analysis on the current status of the customer's core claims system and operational mode; Simultaneously participate in the construction, upgrading, renovation, and implementation of the core system. The project aims to help clients optimize their claims process, improve their risk control system, iterate system functions, and enhance their online, automated, and intelligent capabilities. Although previously, Financial One Account has reached cooperation with the client in terms of car owner services and underwriting risk control projects. However, this successful signing has achieved an end-to-end solution output of "claims+underwriting+services", solved customer pain points in multiple aspects, and established a unique product competitive advantage.
Not long ago, Financial One Account successfully signed a contract with a commercial bank in a certain city in Southwest China, and the two sides worked together to build a digital future. Specifically, Financial One Account has developed a core system for it, utilizing specialized technology solutions tailored for the bank. Through the digital business carried out through the SaaS core account platform of Financial One Account, the financial institution has added 210000 users and a 20% increase in business scale within a month, providing good support for the bank's annual performance.
Regarding this, Financial One Account Express stated that it is a specialized technology solution for the core system of small and medium-sized financial enterprises, which is in line with the urgent needs of the bank's current business development. It focuses on the continuous and rapid upgrading and iteration of medium and long-term business, integrates the most advanced financial technologies, meets the specific requirements and standardized systems and solutions for the bank's technological upgrading.
As a leading financial technology company, Financial One Account, with its rich digital experience, delivers and customizes transformation to small and medium-sized banks, which coincides with the digital transformation demands of small and medium-sized banks.
Different from traditional technology manufacturers or scenario platform finance, the core banking system launched by Financial One Account is based on a virtual account system. At the product level, it creates end-to-end integrated "whole vehicle" services from ecological scene docking, product design, online risk control, transaction accounting, accounting processing, payment, data services, etc., helping banks quickly complete low-cost digital business innovation; In terms of architecture, Financial One Account creatively parallelizes the bank's core system with the bank's existing business system in a dual core manner. While ensuring the bank's existing business, it completes business production in one and a half months and rapidly expands digital business.
Financial One Account Express stated that as a commercial technology service provider to financial institutions under the Ping An umbrella of China, Financial One Account Express is committed to using the power of financial technology to empower the industry to achieve quality and efficiency improvement, compliance risk control, cost reduction and income increase, which is in line with the plan. In the future, Financial One Account will continue to rely on its outstanding technical strength, focus on product development and customer service, strive to meet the diverse needs of customers, and promote the digital transformation of the entire industry.