(Yicai Global) Sept. 22 -- Ping An Global Voyager Fund, the overseas investment arm of China's second-biggest insurer Ping An Insurance Co. [SHA:601318] has made a USD45.91-million (CNY302.4-million) A-round investment in European financial technology firm 10x Future Technologies, the insurer said in a press briefing on Sept. 21.

American strategy consulting firm Oliver Wyman and another institutional investor also participated in the round.

10x Future Technologies, founded in 2016, focuses on providing modern, integrated solutions for back-end banking technology systems. The firm can integrate a large number of complex, cumbersome data systems into a lean platform for long-term development, which can effectively improve the operation and customer management efficiency of financial service providers.

The funding will help the company to further expand its financial services and technology team and accelerate development of its digital bank platform, which will officially enter the market in 2018.

The system is a one-stop business solution encompassing credit cards, mortgages, loans, savings and other transactions.

Ping An Global Voyager Fund was established in May 2017 with an initial size of USD1 billion. It focuses on cutting-edge technologies and innovative development in the global financial and healthcare technology field.

The fund's investment in 10x Future Technologies will help Ping An to extend its fintech services across Asia and provide an effective technology solution for various types of banking systems.