Virtual banks have come on in leaps and bounds this year, but traditional banks believe that investment in technology and a personal touch will see off the newcomers.
As fintech continues to boom, OneConnect has filed for its US IPO. But given how much it depends on Ping An for business it will be hard to shake off the image that it is still Ping An's baby.
Its latest technology investment will boost the Chinese insurance group's auto insurance business. But the VC fund head said further gains are expected.
