Digital Lending News

Recent industry report about Digital Lending company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Digital Lending Market industry experts.

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Digital Lending News

  • In August 2023, The Reserve Bank of India (RBI) made an announcement regarding its plans to launch its new pilot project for digital lending for a public tech platform meant for 'frictionless credit.’ The platform is being established by the Reserve Bank Innovation Hub (RBIH), a solely-owned central bank subsidiary.
  • In August 2023, Biz2X, a leading digital lending SaaS platform subsidiary of Biz2Credit, partnered up with TruBoard, a protuberant company in asset performance management, which operates on the Maadhyam platform. The partnership is focused on addressing the increasing worry of Non-Performing Assets (NPAs) in retail and small business loans. It authorizes Maadhyam customers to manage their folders while considerably reducing NPAs competently and working as a substitute for better monetary inclusivity for SMEs.
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  • March 2024 - Akeneo announced it had launched the Akeneo PIM App for Salesforce on Salesforce AppExchange, an enterprise marketplace for partner apps and experts. The Akeneo App for Salesforce empowers customers to leverage complete, compelling, and consistent product information to unlock the full potential of Salesforce. Akeneo’s Product Cloud enables businesses to ingest, normalize, enrich, and centralize product information through enterprise-grade data modeling, governance, and workflows.
  • February 2024 - Salsify announced the general availability of Salsify PXM Advance, a new version of the Salsify platform that raises the business value customers can achieve from their product experience management operations.
  • In February 2024, in Caldwell County outside of Austin, Texas, Prime Data Centers proposed to construct a USD 1.3 billion data center complex. Such investments from the data center providers will create more demand for DC construction players in the near future.
  • In November 2023, H5 Data Centres announced the expansion of its downtown San Antonio edge data center at 100 Taylor Street as a national colocation and wholesale data center provider. Up to 340 cabinets and up to 1.5 MW of additional UPS capacity will be enabled by the Tier III expansion of colocation space in Turnkey. In 2023, five new telecommunications operators were deploying infrastructure on the data center campus to drive continued growth of the network-rich ecosystem.
  • February 2024: NinjaOne, which provides endpoint management, security, and monitoring, raised a USD 231.5 million Series C led by Iconiq Growth, which would support its business expansion in the endpoint security market and can fuel the overall growth of the market by supporting the availability of endpoint security solutions.
  • January 2024: ASUS partnered with IBM to offer IBM's AI-powered endpoint security solution, IBM Security QRadar EDR solution, to protect its commercial customers' laptops and desktops., showing the increasing use of technology solutions in the EDR market.
  • December 2023: OpenText and Vue.ai joined forces to expand their Digital Asset Management solutions. They focused on AI-powered tagging for media assets, signaling the growing demand for AI-driven DAM solutions.
  • August 2023: KeyShot, a subsidiary of Luxion Group ApS specializing in 3D visualization software, made headlines with its acquisition of Digizuite A/S. This strategic move positions KeyShot to offer comprehensive solutions for the digital supply chain landscape. By integrating Digizuite's digital asset management solutions, KeyShot aims to empower businesses with streamlined asset management, enhanced collaboration, and seamless content delivery across all channels.
  • October 2023 - Rackspace Technology introduced Rackspace Managed Cloud (RMC), an all-inclusive service enabling customers to delegate their cloud environments' management and operations. This comprehensive solution is tailored for organizations utilizing platforms such as AWS, Azure, Google Cloud, Rackspace Private Cloud, and on-premises infrastructure.
  • August 2023 - Verizon Business forged a strategic global alliance, designating HCLTech as its key collaborator for Managed Network Services (MNS) in networking deployments for global enterprise clients. This collaboration united two prominent players in the enterprise networking arena. By leveraging Verizon's robust networking prowess and HCLTech's renowned Managed Service expertise, this partnership is set to redefine the landscape of wireline service delivery for large-scale enterprise customers.
  • December 2023: Quantum Xchange collaborated with the National Cybersecurity Center of Excellence (NCCoE) as part of the Migration to Post-Quantum Cryptography Project Consortium. This partnership is done to bring awareness to the issues involved in migrating to the National Institute for Standards and Technology's (NIST's) post-quantum cryptography and building practices to ease in terms of replacing current public-key algorithms with NIST-standardized post-quantum algorithms.
  • December 2023: QNu Labs secured a total of USD 6.5 million in its Pre-Series A1 funding round. This new investment is a strong financial boost, capitalizing on the vision and capabilities at QNu Labs. With these funds, the company is poised to enhance the overall completion of its state-of-the-art quantum technology solutions, further increasing its product suite.
  • May 2023: BNP Paribas’ Securities Services business and Bloomberg announced an integration that combines BNP Paribas’ multi-asset servicing capabilities with Bloomberg AIM, a leading buy-side order management system. The solution will provide mutual clients seamless front-to-back workflows and standardized data connectivity to support efficient trade management.
  • November 2022: SAP launched Build, a new low-code platform to bring software development to business users such as marketers and procurement professionals. SAP Build connects existing solutions to make creating apps, processes, and websites easier.
  • September 2022: E2open and Shippeo, a global provider of real-time multimodal transportation visibility, are expanding their relationship to allow native real-time in-transit visibility in the most comprehensive global supply chain management platform. Customers will benefit from real-time data, visibility of items in motion, and the opportunity to take necessary action on a single linked platform due to the extended cooperation with e2open.
  • December 2023 - Alliance Networks, a digital infrastructure service provider, and Salam partnered to offer seamless, high-capacity connectivity to businesses in the Gulf Cooperation Council (GCC) region and beyond. They will integrate Salam’s network infrastructure, including data centers and international subsea cables, with Alliance Networks’ regional presence and commercial partnerships.
  • November 2023 - Trend Micro Incorporated, capitalizing on its partnership with Saudi Cloud Computing Company (SCCC) Alibaba Cloud, to introduce the Trend Vision One SOCaas (Security Operation Centre as a service), Advanced MXDR in the Kingdom of Saudi Arabia. This new phase marks a continuation of the companies’ commitment to providing comprehensive, vendor-direct cybersecurity services in the Kingdom of Saudi Arabia.
  • December 2023 - The European Union Agency for Cybersecurity (ENISA) signed a Working Arrangement with the US Cybersecurity and Infrastructure Security Agency (CISA) in capacity-building, exchanging best practices, and boosting situational awareness. It is a comprehensive arrangement that includes temporary cooperation structured activities and the development of long-term cooperation in cybersecurity policy implementation approaches to build on them.
  • October 2023 - BT and Google Cloud announced a new partnership with Google Cloud to enhance its commitment to cybersecurity innovation. Several common innovative opportunities are set out in this new Strategic Security Partnership with Google Cloud. As part of this partnership, BT will become the managed services provider for Google's Autonomic Security Operations Service, available on Google Chronicle.
  • October 2023 - Rolls-Royce announced the supply of 31 mtu emergency gensets and a complete mtu EnergetIQ control system for the latest data center of a global provider of hyperscale data center solutions. The hyperscale data center, located near Osaka, is one of the largest data centers in Japan, with a designed capacity of 45.9 MW. Rolls-Royce Solutions Japan has installed and commissioned eight of the 31 container gensets based on 20-cylinder mtu Series 4000 engines. The remaining emergency generators were expected to be added gradually as the data center’s capacity increased.
  • August 2023 - Mitsubishi Heavy Industries Engine & Turbocharger, Ltd announced the launch of a new model MGS3100R of the MGS-R series generator in Singapore and Vietnam to meet the higher power demands for emergency generator sets that supply power at the time of power failures. MGS3100R features a newly developed S16R2-PTAWT-CR engine, which employs an electronically controlled common rail fuel injection system.

Digital Lending Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)