OneConnect is a Chinese fintech software company that sells digital transformation solutions to banks and insurance companies, primarily in China with a growing international presence. OneConnect describes itself as the "sole FinTech exporter" within Ping An Group — it takes technology developed and validated within Ping An and sells it to external financial institutions. Core products include Digital Banking software (tools for retail customer management, loan processing, and credit management), Digital Insurance software (end-to-end workflow automation for P&C and life insurers, including AI-powered claims processing and an auto service provider network), and a Gamma Platform providing AI-driven risk management, identity verification, and anti-fraud tools. OneConnect generates revenue through transaction-based fees tied to usage volumes — per loan processed, per claim filed, per risk query — plus one-time implementation fees when customers first deploy the platform. Revenue is heavily concentrated: Ping An Group accounts for roughly 58% of total revenue, with Lufax adding another ~8%. The company is growing its third-party revenue, particularly internationally, with overseas revenue growing from 2.1% of total revenue in 2022 to 5.1% in 2024. Key international markets include Southeast Asia, South Africa, and the Middle East. OneConnect discontinued its cloud services business in mid-2024 after Ping An subsidiaries stopped using it. The company is unprofitable and targeting breakeven, while shifting toward standardized SaaS products and cutting R&D spending.