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Global Fintech Lending Market Size To Surpass USD 23110.83 Billion By 2032 | CAGR of 32.5%

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New York, United States , May 03, 2023 (GLOBE NEWSWIRE) — The Global Fintech Lending Market Size is to grow from USD 1,385.66 billion in 2022 to USD 23,110.83 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 32.5% during the forecast period.

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Fintech lending, also known as online lending or digital lending, is a rapidly growing sector that leverages technology and data-driven algorithms to provide loans through online platforms or mobile applications. It has disrupted traditional lending models by offering faster, more convenient, and accessible options for borrowers, especially those with diverse credit profiles. Fintech lenders utilize big data and machine learning for credit risk assessment, enabling quicker approvals and disbursements. This innovative approach is reshaping the lending landscape, providing alternative solutions for consumers, small businesses, and investors, and transforming the way loans are originated, underwritten, and serviced.

Browse key industry insights spread across 210 pages with 122 market data tables and figures & charts from the report onGlobal Fintech Lending Market Size, Share, and COVID-19 Impact Analysis, By Business Model (Peer-to-Peer (P2P) Lending, Marketplace Lending, Direct Lending, Crowdfunding, and Hybrid Models), By Technology (Artificial Intelligence (AI) and  Machine Learning (ML), Blockchain, Mobile Technology, and Big Data Analytics), By End-User (Individuals and Businesses), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032 ” Get Detailed Report Description Here:

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Consumer lending is expected to grow at a CAGR of 34.7% over the forecast period

The global fintech lending market is categorized based on service type. The consumer lending segment is poised for rapid growth in the fintech lending market, fueled by increasing consumer demand for credit, the widespread adoption of digital platforms and online lending, advancements in data analytics and credit scoring models, and changing consumer behaviors towards digital and mobile banking. These factors are expected to drive the growth of the consumer lending segment, making it one of the most dynamic and promising segments in the fintech lending industry with significant growth potential in the coming years.

The business segment dominated the market with around 45.1% revenue share in 2022

Based on the end-user, the global fintech lending market is segmented into individuals and businesses. The business category accounted for the largest share, approximately xx%, in the fintech lending market in 2022. This is due to high demand by businesses of all sizes, including small and medium-sized enterprises as well as large corporations, to meet their funding needs. Businesses often require credit for various purposes such as working capital, expansion, inventory financing, and equipment financing. Fintech lending platforms offer faster and more streamlined loan application processes, quicker approvals, and flexible loan terms compared to traditional lenders, making them attractive options for businesses.

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Asia-Pacific is expected to grow at a higher CAGR of 37.5% during the forecast period.

The Asia-Pacific region is witnessing rapid growth in the fintech lending market. Factors driving this growth include a large and growing population with increasing demand for credit, expanding middle class, and rising internet and smartphone penetration. Additionally, regulatory reforms and government initiatives promoting financial inclusion and digitalization are fueling the growth of fintech lending in the region. Fintech companies in Asia-Pacific are leveraging innovative technologies and business models to cater to underserved segments, such as SMEs and unbanked populations. The dynamic economic landscape, evolving consumer behaviors, and supportive regulatory environment are contributing to the Asia-Pacific region emerging as the fastest-growing market in the global fintech lending industry.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Some of the major players in the global fintech lending market include Lendingclub corporation, prosper marketplace inc., upstart network inc., social finance, Inc., Avant Inc., OnDeck Capital Inc., Funding Circle Holding PLC, Kabbage, GreenSky, LLC, Upgrade, Zopa Limited, Earnest, Marcus by Goldman Sachs, Peerform, Credible, and StreetShares.

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Artificial Intelligence

New CPS Protection Platform: TXOne Networks Unveils SageOne at GISec Global

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TAIPEI, April 23, 2024 /PRNewswire/ — TXOne Networks, a frontrunner in the realm of cyber-physical systems (CPS) security, is set to unveil its groundbreaking CPS security platform, SageOne, at the highly anticipated GISec Global from April 23rd to 25th, 2024. Attendees can find TXOne Networks showcasing SageOne at stand B99 in hall 5. This innovative platform consolidates all CPS security products onto a single, central management platform, promising streamlined operations and optimized threat detection capabilities.

SageOne, aptly named “Wise Man Number One,” serves as a comprehensive management console providing a holistic view of the CPS attack surface within operational technology (OT) environments. By enabling centralized control of TXOne’s three core product lines – Stellar for endpoint protection, Element for security inspection, and Edge for network defense – SageOne facilitates integrated OT security throughout the lifecycle of protected assets, ensuring robust threat detection and response mechanisms.
Key features of SageOne include:
CPS Attack Surface Management: Prioritizing operational security by offering clear visibility into the overall security posture of OT environments, SageOne identifies security focal points, illuminating asset information and security controls.Integrated Lifecycle Protection: Through centralized management, SageOne simplifies cybersecurity governance and fosters collaborative defense. It serves as an abstraction layer, facilitating contextualization and consolidation of data across multiple products, offering tailored, task-oriented consoles for executives, security personnel, and plant leaders.CPS Threat Detection & Response: SageOne aggregates security insights from various solutions to scout for potential risks, enabling early caution and response to both known and unknown threats.SageOne’s foundation rests upon advanced components, including Threat Intelligence, Behavior-Based AI Analytics Engines, Compliance Framework, Data Visualizer, and Ecosystem Integrator, ensuring comprehensive protection and seamless integration of different tools and technologies.
With its focus on analyzing unexpected behavior and unknown threats, SageOne enables the identification of suspicious events through cross-telemetry analysis within the OT-native XDR engine. This amalgamation of advanced technologies and user-friendly interface ensures the protection of critical infrastructures.
For rapid threat response, SageOne issues early warnings of suspicious behavior and orchestrates cross-telemetry analysis for CPS Threat Detection & Response. Integrated Lifecycle Protection ensures the security of devices and systems throughout their service life, contributing to great cost efficiency.
TXOne Networks reaffirms its commitment to CPS security and continuous advancement in OT security through SageOne. Visit TXOne Networks at the GISec Global from April 23rd to 25th, 2024, at stand B99 in hall 5.
For further updates and information, follow TXOne Networks on the blog, Twitter, and LinkedIn.
About TXOne Networks:
TXOne Networks provides OT security products ensuring reliability and security in industrial control systems and operational technology environments through the OT Zero Trust methodology. Collaborating with leading industrial manufacturers and critical infrastructure operators, TXOne Networks offers practical and business-friendly approaches to OT defense. Its network and endpoint-based products secure OT networks and mission-critical devices in real-time with high security depth.
Website: www.txone.com 
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Artificial Intelligence

Imparta Launches World’s First Sales Methodology-Aware AI

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LONDON, April 23, 2024 /PRNewswire/ — Imparta Ltd, a global leader in performance improvement for customer-facing teams, has announced the release of i-Coach AI, the world’s first sales methodology-aware AI.

Over the past 18 months, AI has reshaped many industries and professions, with sales being no exception. Yet, generic LLMs such as ChatGPT are poor at coaching, and at selling. Even data-driven AI insights are only as good as the qualitative frameworks that underpin their observations.
i-Coach AI is the first expert Sales AI Coach that follows a proven, structured coaching process, and is fluent in all aspects of sales, account management, negotiation, customer success, commercial and business acumen, sales management and sales leadership. It is powered by Imparta’s award-winning, research-based Agile 3D methodology and complete, modular skills library.
Richard Barkey, Founder and CEO of Imparta, said “GenAI is one of the few truly transformative technologies in our lifetimes, and one that no sales organisation can ignore. We are genuinely excited to introduce i-Coach AI, an enterprise-grade coaching tool for salespeople, managers and leaders. I’m not exaggerating when I say that I’m using i-Coach AI myself, to think through strategies around specific clients, and indeed for the whole business. This tool is designed to integrate seamlessly across various sales ecosystems and tech stacks, and provides targeted, IP-aware coaching and practice simulations of customer conversations, at multiple points of need.”
As part of the launch, Imparta will host a webinar on April 23rd and May 2nd, hosted by Richard Barkey, titled ‘Leveraging Sales Methodology-Aware AI at Scale in the Enterprise’. Click here to learn more.
During this webinar, Richard will announce details of i-Coach AI and Imparta’s upcoming course for sales teams: Leveraging AI for Sales. He will also set out a range of essential use cases that we are rolling out across Imparta’s agile sales ecosystem and across the tech stack.
About Imparta
Imparta is a global leader in performance improvement for Sales, CX and Leadership. Our modular ecosystem includes three elements, developed through 25 years of research and experience with leading global organisations: Agile Sales Methodology, Agile Change Process and AI Sales Technology.
Whether you need to plug a gap in your existing training, provide self-paced learning, or build an entire Sales, CX or Leadership Academy, get in touch at [email protected].
Website: www.imparta.com
Photo: https://mma.prnewswire.com/media/2392278/i_Coach_Imparta_Ltd.jpg
Contact details: Adam [email protected] Tel: +44 (0) 20 7610 8800

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Innodisk Unveils Groundbreaking MIPI over Type-C Solution for Enhanced AI Vision Applications

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TAIPEI, April 23, 2024 /PRNewswire/ — Innodisk, a leading global AI solution provider, announces the launch of its industry’s first MIPI over Type-C solution. This exclusive technology overcomes traditional MIPI cable lengths limitations, allowing embedded camera modules to be positioned farther from the system. This expands the possibilities for visual AI applications, particularly in smart manufacturing and smart cities, enabling the seamless integration of high-quality vision systems into these evolving environments. 

The increasing popularity of vision-based applications across industries highlights the critical need for high-quality, reliable camera solutions. As computer vision becomes a cornerstone of AI development, the demand for industrial-grade cameras continues to surge. Innodisk recognizes this need and has developed the MIPI over Type-C Solution to address the challenges faced by vision system integrators and developers.
Innodisk’s MIPI over Type-C technology extends the connection distance to 2 meters or more, surpassing the previous 30 cm cable length limitation while maintaining high performance. It enables seamless conversion to a custom USB Type-C interface through a tailor-made adapter board and offers cost-effectiveness compared to SerDes solutions.  Additionally, this solution boasts successful deployments on NVIDIA Jetson, Intel x86, and ARM platforms, with Innodisk actively investing in R&D to ensure ongoing compatibility across various platforms, accelerating the deployment of edge AI applications for clients.  
Innodisk’s MIPI over Type-C camera module solutions are extensively used in various smart applications. They are revolutionizing industries like smart manufacturing, where AMRs and forklifts benefit from high-quality imaging and extended reach. Similarly, shared mobility applications such as shared bikes leverage these modules for enhanced safety and efficiency. By offering a combination of high bandwidth and longer range, Innodisk’s solution removes cable length limitations, unlocking a wave of new possibilities for smart applications.
Innodisk’s MIPI over Type-C solution marks a significant leap forward, building upon its diverse MIPI camera module portfolio and seamless platform integration. This includes compatibility with NVIDIA Jetson, Intel 12th to 13th Gen, Core Ultra processor, AMD Xilinx, and NXP. As the sole Intel-certified MIPI Camera partner in Taiwan, Innodisk collaborates closely with IPC manufacturers, possessing professional integration capabilities to offer comprehensive support and services to customers. The MIPI over Type-C Solution is poised to redefine the future of vision technology, offering performance, flexibility, and affordability.
For more information, please visit: http://www.innodisk.com
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