OneConnect partners Pismo for unified digital banking solution, OneCosmo

Technology-as-a-service (TaaS) firm OneConnect Financial Technology has launched an all-in-one digital banking solution, OneCosmo. The solution has been jointly developed with Brazil-based fintech Pismo, with which OneConnect entered into a strategic partnership in April this year. The platform leverages artificial intelligence (AI), machine learning (ML) and blockchain to form a "highly scalable" and integrated solution for banks and fintechs looking to build digital banking capabilities. OneCosmo offers digital identity verification, core banking, digital payments and digital lending capabilities and allows for integration with third-party services thanks to "highly flexible" APIs and microservices. The platform will also enable financial institutions to leverage real-time data streaming, allowing for greater insight into consumer behaviour through data analysis.