Site icon Market Globalist

OneConnect Financial Technology Inc. (OCFT) stock plunge during current market. Here’s what you should know.

BTRS Stock

BTRS Stock

OneConnect Financial Technology Inc. (NASDAQ: OCFT) stock declines by 22.12% in the current market trading. In China, OneConnect is the most popular technology-as-a-service platform for financial institutions. The OCFT platform offers cloud-native technology solutions that combine comprehensive financial services industry knowledge with industry-leading technology.

>> 7 Top Picks for the Post-Pandemic Economy << 

OCFT stock, Financial Outcomes

OneConnect Financial Technology announced its second-quarter 2021 financial results. The highlights are given below:

Read More

Business Highlights         

>> 7 Top Picks for the Post-Pandemic Economy << 

Ye Wangchun, chairman and CEO of OneConnect commented,

In the second quarter, the leadership team worked hard to resolve changes brought on by regulatory tightening, a shift in customer needs, and operating conditions. Despite these obstacles, their revenue increased by 25% year on year to RMB968 million, owing to their diverse suite of solutions. They will focus on strengthening product and customer management in the second half of the year to guarantee that their business can aim to maintain consistent structure despite external uncertainty.

Exit mobile version