OneConnect Financial Technology Co., Ltd. released Gamma Core, its latest core banking system for financial institutions. Gamma Core is designed to help banks undergo a complete top-to-bottom digital restructuring in order 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. Under this system, banks adopt a customer-centric approach where different customers are grouped into clustered Digital Services Unit server nodes such as retail customers or enterprise clients. Using these clusters, banks will gain the capabilities necessary to provide unique and tailored product innovations for each group, while still consolidating all its customers into a single bank for everyone. The second "one" refers to the RMB 1 single account operating cost. With a fully distributed design, flexible resource allocation based on customer value, and low-cost servers, Gamma Core significantly reduces operation and maintenance costs and streamlines efficiency. And Gamma Core's third "one" promises that only 1% of transactions will require human intervention as a result of intelligent distribution via a smart display engine; intelligent risk control based on a smart analysis engine; and intelligent governance under the smart search engine. The large-scale emergence of fast, intelligent, user-friendly, digital, cashless and contactless finance is revolutionizing the banking industry. By 2024, the digital transformation market for Chinese financial institutions is expected to exceed RMB 400 billion (USD 62.6 billion). As a FinTech industry pioneer, OneConnect is a strong advocate for the digital economy and believes that in three to five years online business, digitalization, intelligence and transparency will shape the future of banking. However, traditional banks risk being left behind in terms of digital strategy, operation and execution. A McKinsey survey of nearly 30 leading banks around the world found that when banks build digital businesses, they must first establish a customer-oriented, channel-focused and agile core IT infrastructure system to support their efforts. In response to these trends, Gamma Core was created with a vision to accelerate the industry's development and transformation, and to help banks upgrade their core systems, empowering them with the capabilities and assistance needed to achieve financial growth.