OneConnect Launches New Gamma Core Banking System

OneConnect Financial Technology Co Ltd OCFT launched Gamma Core, its latest core banking system for financial institutions.
Gamma Core helps banks undergo a complete digital restructuring to upgrade their underlying architecture, business processes, and core systems.
Gamma Core is underpinned by the concept of three "ones," the first of which is one bank for all customers.
The second "one" refers to the RMB 1 single account operating cost.
Gamma Core's third "one" promises that only 1 percent of transactions will require human intervention due to intelligent distribution via a smart display engine, intelligent risk control based on a smart analysis engine, and intelligent governance under the smart search engine.
Price Action: OCFT shares traded higher by 9.37% at $2.592 on the last check Wednesday.