Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

Open Banking Solutions Market worth $11.7 billion by 2028 – Exclusive Report by MarketsandMarkets™

Published

on

open-banking-solutions-market-worth-$11.7-billion-by-2028-–-exclusive-report-by-marketsandmarkets™

CHICAGO, March 13, 2024 /PRNewswire/ — The Open Banking Solutions Market will grow internationally in the future due to changing rules, more cooperation, and integration with cutting-edge technologies. In order to promote financial inclusion, prioritise security and trust, and concentrate on customer-centric solutions, broader use cases, and improved data analytics, it will push ongoing innovation in the financial services sector.

The Open Banking Solutions Market size is expected to grow from USD 5.5 billion in 2023 to USD 11.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 16.0% during the forecast period, according to a new report by MarketsandMarkets™. Stringent regulations like PSD2 and CMA Order drive adoption of the market, innovations in APIs, data analytics, and cybersecurity, and Fintech companies offering agile solutions that disrupt traditional banking models are a few fundamental driving forces to leverage Open Banking solutions adoption across verticals and regions.

Browse in-depth TOC on “Open Banking Solutions Market”

250 – Tables
60 – Figures
210 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160940134

Scope of the Report

Report Metrics

Details

Market size available for years

2019-2028

Advertisement

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Billion)

Segments Covered

Offering, Solutions, Services, Application, Digital channel, Deployment Model, and End users

Regions covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Advertisement

Companies covered

Plaid (US), Envestnet (US), MX technologies (US), Finicity (US), Tink (Sweden), Worldline (France), Trustly (Sweden), Axway software (US), Volt.io (UK), Temenos (Switzerland), Fabrick (Italy), Intuit (US), ndgit (Germany), Akana (US), Yapily (UK), Salt Edge (Canada), Token.io (Germany), Fiorano (US), TrueLayer (UK), Bud Financial (UK), OpenPayd (UK), Finastra (UK), Google (US), Sopra Banking software (France), BBVA (Spain)

The managed services segment will record a higher CAGR by services during the forecast period.

Managed services play a vital role in the Open Banking Solutions Market by offering comprehensive support throughout the lifecycle of available banking platforms. Support and maintenance services ensure systems’ continuous functionality and reliability, addressing technical issues and facilitating software updates. Concurrently, performance monitoring and optimization services track system performance, identify bottlenecks and optimize operational efficiency, enabling organizations to deliver seamless and responsive user experiences. Additionally, managed services assist in vendor selection and procurement, aiding organizations in choosing suitable technology partners and negotiating contracts. This involves evaluating vendors based on their capabilities, security protocols, and compliance with regulatory requirements. By leveraging managed services in open banking, businesses can streamline operations, enhance system performance, and make informed decisions in vendor selection, ultimately ensuring their open banking initiatives’ sustained success and resilience.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=160940134

Based on the Application segment, Payment holds the largest Open Banking Solutions Market share during the forecast period.

Payment services are a cornerstone of open banking solutions, revolutionizing transactions and enhancing the overall customer experience. By leveraging open banking APIs, third-party providers (TPPs) gain secure access to customer accounts, enabling seamless payment initiation directly from bank accounts. This facilitates a wide range of payment options, including peer-to-peer transfers, bill payments, and online shopping, all executed with unprecedented speed and convenience. Furthermore, open banking fosters competition and innovation in the payment space as TPPs develop new and innovative payment solutions that cater to specific consumer needs and preferences. With real-time access to account data and enhanced security measures, open banking payment services offer consumers greater control, transparency, and confidence in their financial transactions. As a result, payment solutions within the open banking ecosystem drive efficiency, convenience, and trust, ultimately reshaping how individuals and businesses interact and transact in the digital economy.

By region, the Middle East & Africa region recorded the highest CAGR during the forecast period.

The Middle Eastern countries are rapidly adopting technological advancements and investing in knowledge-based economies. Saudi Arabia and the UAE are leading the way in adopting API management, leading to their development dominance. As Middle Eastern organizations focus on generating revenue and outsourcing to third-party managed service providers, adopting Open Banking solutions is accelerating in the region to reduce costs and save time.

The Middle East & Africa (MEA) region, the Open Banking Solutions Market is gradually emerging as a transformative force in the financial industry. While the adoption of open banking is still in its early stages compared to other regions, there is growing momentum driven by regulatory initiatives, technological advancements, and changing consumer behaviors. Regulatory bodies in several MEA countries are exploring frameworks to promote open banking to increase competition, improve financial transparency, and enhance customer choice. Fintech startups and traditional banks are beginning to collaborate to leverage open banking APIs and develop innovative financial products and services. Key focus areas include digital payments, peer-to-peer lending platforms, personal finance management tools, and digital identity solutions. As awareness and understanding of open banking grow in the MEA region, it is expected to catalyze further innovation, drive financial inclusion, and transform how people access and manage their finances.

Advertisement

Top Key Companies in Open Banking Solutions Market:

Some of the key players operating in the Open Banking Solutions Market are Plaid (US), Envestnet (US), Tink (Sweden), Finicity (US), Trustly (Sweden), MX Technologies (US), Worldline (France), Volt.io (UK), Temenos (UK), among others.

Recent Developments

  • In February 2024, MX Technologies partnered with Trustly, intending to integrate MX’s data enhancement services into Trustly’s Open Banking product suite, thereby enriching the payment experiences of 8,300+ international merchants and their consumers who utilize Trustly’s ‘Pay with Bank’ method. Using its proficiency in open finance APIs, Trustly will assist businesses in maximizing the potential of their financial data. Merchants can delve deeper into consumer behaviors by refining and categorizing transaction data, obtaining more accurate insights. This service empowers merchants to deliver personalized marketing promotions and loyalty programs, enriching the consumer journey and nurturing stronger bonds between merchants and their clientele.
  • In January 2024, Risk Signals was launched by Tink, which conducts real-time risk checks during the payment process. Risk Signals provides a quick assessment of transactions in seconds while the payer progresses through the payment process, resulting in less disruption to the user experience. Risk Signals formulates a suite of demonstrated risk checks for each bank and market based on Tink’s pan-European bank connectivity. Risk Signals’ key features are live balances for real-time verification of a user’s ability to pay, transaction history to assess fraud risk, and velocity checks to mark suspicious transaction activities.
  • In October 2023, Plaid entered into a deal with Fiserv to enable secure and reliable data sharing through APIs while addressing growing consumer demand to access their financial information according to their suitable time, location, and manner. With this deal, consumers who bank with nearly 3,000 bank and credit union clients hosted by Fiserv will now have secure, credential-less API-based connectivity to more than 8,000 applications and services on the Plaid network via Fiserv’s AllData Connect, allowing consumers to share their financial information with the third-party financial apps and services of their choice.
  • In October 2023, Envestnet launched its embedded investment solution to provide a digitalized process for banks, credit unions, and financial advisors that will offer investing solutions within their (the banks, credit union entities) own apps and websites to customers within their existing banking experience. The service, consisting of diversified portfolios invested in exchange-traded funds (ETFs) and optional thematic stocks, enables financial institutions to retain deposits within their ecosystem and serve smaller account sizes digitally.
  • In June 2023, Financial institutions and fintech firms can now exchange vital fraud intelligence across Plaid thanks to the launch of Beacon by Plaid, a cooperative anti-fraud network.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=160940134

Open Banking Solutions Market Advantages:

  • Open banking solutions make it possible for financial data and services to be seamlessly integrated across a variety of platforms, giving clients a streamlined, individually designed banking experience.
  • By allowing third-party developers to use open APIs (Application Programming Interfaces) to create creative financial products and services, open banking promotes a more competitive environment. Customers benefit from more options and value as a result.
  • Open banking gives users access to a greater range of financial services and products, such as loan comparison tools, investing platforms, and budgeting applications, by allowing them to safely share their financial data with approved third parties.
  • By combining financial data from several banks and financial organisations onto a single platform, open banking solutions make account aggregation easier and give users a comprehensive picture of their money.
  • By enabling businesses to begin payments directly from consumers’ bank accounts, open banking APIs reduce dependency on conventional payment methods like credit cards and checks and enable faster and more efficient payments and transactions.
  • Through creative financial products and services, open banking solutions provide affordable substitutes for traditional banking services, enabling companies to optimise operations, save transaction costs, and enhance cash flow management.
  • Financial institutions can access real-time financial data and insights through open banking systems, which improves risk assessment and management procedures for lending, investing, and compliance.
  • By offering safe APIs for data sharing and transaction initiation, open banking solutions assist financial institutions in adhering to regulatory obligations such as the PSD2 (Revised Payment Services Directive) in Europe and other rules of a similar nature worldwide.

Report Objectives

  • To define, describe, and forecast the Open Banking Solutions Market based on offering, application, digital channel, deployment model, end user, and region
  • To offer comprehensive details regarding the primary variables impacting the market’s growth (drivers, restraints, opportunities, and challenges)
  • To determine the high-growth market sectors in order to assess the opportunities for stakeholders in the market
  • To forecast the market size with respect to five main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
  • To analyze the subsegments of the market with respect to individual growth trends, prospects, and contributions to the overall market
  • To profile the key players of the market and comprehensively analyze their market size and core competencies
  • To track and analyze the competitive developments, such as product enhancements, product launches, acquisitions, partnerships, and collaborations, in the Open Banking Solutions Market globally.

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

Related Reports:

Influencer Marketing Platform Market – Global Forecast to 2028

Video on Demand Market – Global Forecast to 2028

Web 3.0 Market – Global Forecast to 2030

eDiscovery Market – Global Forecast to 2027

Human Capital Management Market – Global Forecast to 2026

Advertisement

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/open-banking-solutions-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/open-banking-solutions.asp

Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/open-banking-solutions-market-worth-11-7-billion-by-2028—exclusive-report-by-marketsandmarkets-302087749.html

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

ADFW Unveils Full Agenda for 2024 Edition, One of the Most Impactful Financial Gatherings of the Year

Published

on

adfw-unveils-full-agenda-for-2024-edition,-one-of-the-most-impactful-financial-gatherings-of-the-year

ABU DHABI, UAE, Nov. 27, 2024 /PRNewswire/ — Abu Dhabi Finance Week (ADFW) has unveiled a compelling agenda for this year’s event that will take place from 9th to 12th December 2024. ADFW 2024 – ADGM’s flagship event with ADQ as its headline partner – is one of the most anticipated financial gatherings this year, with a lineup of industry-shaping events, influential speakers, and strategic forums that will explore the theme of ‘Welcome to the Capital of Capital.’

 

 

This third edition is in keeping with ADFW’s tradition of convening some of the most renowned global financial leaders, investors, policymakers, and thought leaders to address and analyse topics such as economic, human, cultural, environmental and technological capital, that make Abu Dhabi the ‘Capital of Capital’. The agenda for 2024 includes over 60 main and side events, more than 350 thematic sessions and approximately 600+ speakers. The event expects a gathering of over 20,000 attendees from around the world, representing over USD 30 trillion in managed assets.

Commenting on ADFW’s exceptional agenda, His Excellency Ahmed Jasim Al Zaabi, Chairman of ADGM and ADDED said, “Abu Dhabi Finance Week has firmly established itself as a global platform that attracts the most influential professionals in the finance industry from across the world. This year’s agenda for ADFW is a testament to Abu Dhabi’s position as a leading international financial hub, where innovation and collaboration drive progress for the Falcon Economy. ADFW continues to create unparalleled opportunities for meaningful dialogue, shaping strategies that strengthen resilience and growth in today’s evolving economic landscape, welcoming them to the ‘Capital of Capital’.”

Key forums, including the Abu Dhabi Economic Forum, Asset Abu Dhabi, RESOLVE 2024, Fintech Abu Dhabi, and the Abu Dhabi Sustainable Finance Forum (ADSFF) will return this year. New events for 2024 include the UBS Investment Forum, the China UAE Investment Summit with HSBC, the Islamic Finance Summit, the Spear’s Private Wealth Summit, and the Abu Dhabi Capital Markets Showcase.

Day 1: Opening Ceremony and Abu Dhabi Economic Forum
The official opening ceremony is on 9th December in the presence of esteemed members of Abu Dhabi’s leadership, heads of leading global investment and financial firms and other VIPs from the financial industry.

Abu Dhabi Economic Forum, a high-level leadership gathering, will feature in-depth discussions on the current state of and prospects for the Falcon Economy. It will bring together senior members of the Abu Dhabi government and prominent figures from the private sector, representing key industries. Speakers include the CEOs of Blackrock, Morgan Stanley, HSBC, Citigroup, BNY, Lunate, First Abu Dhabi Bank (FAB) and Aldar. ADEF Private Leadership Forum, Abu Dhabi Capital Markets Forum, the UBS Investor Forum and the prestigious ADFW Gala Dinner are a few of the major sub-events scheduled for the day. 

Day 2: Asset Abu Dhabi and RESOLVE
The second day starts with Asset Abu Dhabi in association with ADCB, Mubadala and PGIM Global Asset Management. Bringing together asset allocators, asset managers, investment bankers, venture capitalists, private equities, family offices and other institutional investors, collectively managing over USD 30 trillion in assets, the event will see industry titans such as Ray Dalio, Robert Smith – Founder, Chairman & CEO at Vista Equity Partners, Aron Landy – CEO at Brevan Howard, and Bill Huffman – CEO at Nuveen take to the stage.

RESOLVE will also be held on this day, in collaboration with the Judicial Department. Under the theme ‘Resilience’, the event is set to host impactful conversations among key stakeholders from the global dispute resolution community and leaders from government, industry, and academia.

Advertisement

Day 3: Fintech Abu Dhabi and Global Financial Regulators Summit
Fintech Abu Dhabi, the Middle East’s largest fintech festival, will spotlight innovations in AI, digital security, and blockchain technology. Breakout events like Blockchain Abu Dhabi, RISK 4.0 Forum, Islamic Finance Summit and the AI Abu Dhabi Forum will showcase the transformative potential of emerging technologies. Leading voices, including Jeremy Allaire – CEO and Founder of Circle, Richard Teng – CEO of Binance, and Caroline Pham – U.S. CFTC Commissioner, will discuss the evolving landscape of financial technology.  

The Global Financial Regulator Summit also returns as a closed-door gathering of international senior regulatory bodies and representatives from the MENA region, the European Union, the UK, Asia and the USA to discuss the approach to the opportunities and challenges presented by the rise of AI.

Day 4: ADSFF
Exactly one year after hosting its last edition at COP28, the Abu Dhabi Sustainable Finance Forum (ADSFF) will be held on the concluding day of ADFW to conduct discussions on sustainable finance, impact investing, and net-zero commitments. It will bring together impactful voices like H.E. Carme Artigas Brugal, Co-Chair of the AI Advisory Body at the United Nations, Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Jonathan Dean of AXA IM and H.E. Majid Al Suwaidi, CEO of Alterra underscoring Abu Dhabi’s commitment to sustainability and green finance.

Curated side events include ‘Women in Finance’ and the ADFW Venture Park.

For more information on the agenda please visit What’s Happening in ADFW | Agenda – Abu Dhabi Finance Week 

Register for Abu Dhabi Finance Week 2024 at Get your ticket – Abu Dhabi Finance Week

Logo – https://mma.prnewswire.com/media/2550581/ADGM_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/adfw-unveils-full-agenda-for-2024-edition-one-of-the-most-impactful-financial-gatherings-of-the-year-302317367.html

Continue Reading

Fintech PR

Comviva appoints Raja Mansukhani to accelerate growth and transformation

Published

on

comviva-appoints-raja-mansukhani-to-accelerate-growth-and-transformation

NEW DELHI, Nov. 27, 2024 /PRNewswire/ — Comviva, a global leader in digital transformation solutions, specializing in customer experience management, data monetization, and mobile financial services, today announced the appointment of Raja Mansukhani as its Chief Strategy, Technology, and Transformation Officer. In this key role, Raja will drive the execution of strategic initiatives that are central to Comviva’s transformation and the realization of its ambitious Comviva 2.0 vision.

Raja brings over two decades of leadership experience across IT, telecommunications, fintech, and digital platforms. He has led organizations through large-scale business and operational transformations, market expansions, and the launch of innovative products and technologies in diverse global markets. Prior to joining Comviva, Raja was the CEO of a Digital Platforms company within the Axiata Group.

Welcoming Raja to the Comviva leadership team, Rajesh Chandiramani, Chief Executive Officer at Comviva, said, “We are thrilled to have Raja on board during this transformative phase for Comviva. His deep industry knowledge and proven ability to drive growth and innovation align perfectly with our vision for Comviva 2.0. Raja’s leadership will be instrumental in shaping our strategic direction and technology roadmap, as we continue to deliver cutting-edge digital solutions for our customers worldwide.”

Raja Mansukhani shared his enthusiasm about joining the Comviva team, stating, “I am honored to be part of Comviva, a company renowned for its pioneering solutions and steadfast commitment to a customer-centric approach. As the industry undergoes rapid transformation, this is an exciting opportunity to lead strategic initiatives alongside a talented team that will unlock new opportunities and accelerate Comviva’s growth while delivering differentiation and significant value creation for our customers. As a team, we will drive innovation, foster value-driven transformation, and work towards achieving the bold objectives of Comviva 2.0.”

With Raja’s appointment, Comviva reaffirms its commitment to delivering innovative, customer-first solutions while accelerating its transformation efforts to stay ahead in the rapidly evolving digital economy.

As part of its strategic growth, Comviva is enhancing its capabilities in digital commerce, data monetization, and customer experience solutions. By focusing on partnerships with technology leaders and hyperscalers, and advancing operational excellence across MarTech, FinTech, DigiTech, and RevTech, Comviva is positioning itself as a catalyst for innovation. These initiatives align with the company’s vision to lead the digital transformation journey, empowering businesses to unlock new revenue streams and deliver exceptional customer value.

Photo: https://mma.prnewswire.com/media/2568506/Raja_Mansukhani.jpg
Logo: https://mma.prnewswire.com/media/995982/Comviva_Logo.jpg 

Comviva Logo

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/comviva-appoints-raja-mansukhani-to-accelerate-growth-and-transformation-302317357.html

Continue Reading

Fintech PR

LONGi and IUCN jointly release the Initiative of Advancing Climate Action and Biodiversity Conservation with Photovoltaic

Published

on

longi-and-iucn-jointly-release-the-initiative-of-advancing-climate-action-and-biodiversity-conservation-with-photovoltaic

XI’AN, China, Nov. 27, 2024 /PRNewswire/ — From November 11th to 22nd, the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change took place in Baku, the capital of Azerbaijan. LONGi, in conjunction with the International Union for Conservation of Nature (IUCN), released the “Initiative of Advancing Climate Action and Biodiversity Conservation with Photovoltaic”. LONGi’s Vice President and Chief Sustainability Officer Zhang Haimeng, IUCN Deputy Director General Stewart Maginnis, and Ant Group Director of Sustainable Development Wang Xiaoying attended and witnessed the event.

The United Nations Environment Programme (UNEP) released a report highlighting that climate change, biodiversity loss, and environmental pollution are the three major global environmental challenges. As a leading global solar energy company, LONGi recognizes that innovation and development of renewable energy technologies such as solar power are not only crucial for reducing greenhouse gas emissions but also vital for the protection of ecosystems and biodiversity. After releasing Climate Action White Papers at COP conference for three consecutive years starting in 2021, LONGi, in collaboration with IUCN at COP29 this year, has taken corporate climate action to a new level by integrating it with biodiversity conservation efforts.

The initiative includes calls for companies to develop and implement climate and biodiversity protection measures in accordance with international multilateral environmental agreements (MEAs) and global standards, including the Convention on Biological Diversity, the United Nations Convention to Combat Desertification, the United Nations Framework Convention on Climate Change, and the Kunming-Montreal Global Biodiversity Framework. It also encourages following global best practices to ensure that all activities meet global climate and biodiversity protection requirements, adopting environmentally friendly methods in the design, construction, and operation of renewable energy projects, improving energy efficiency, and increasing the proportion of clean energy use. The initiative advocates for companies to establish a corporate culture for biodiversity conservation and to promote international cooperation, sharing, and dissemination of global best practices through partnerships.

IUCN Deputy Director General Stewart Maginnis stated in his speech that LONGi, as a leading company in the photovoltaic industry, is actively responding to the IUCN’s guidelines on the biodiversity impact of solar energy projects by releasing this initiative. We believe that the initiative can inspire broader industry and societal actions and will encourage more companies and organizations to participate in the development and application of renewable energy while also taking measures to mitigate their impact on the natural environment.

As biodiversity becomes an increasingly global concern, LONGi has been continuously focusing on how to use photovoltaic technology to promote biodiversity conservation since the 15th Conference of the Parties (COP15) to the United Nations Convention on Biological Diversity, which began in Kunming, Yunnan in 2021, and has actively put this into practice. During the COP28 conference, LONGi announced its “Zero-Carbon Life Plan for Pandas”, donating a distributed photovoltaic power station to the Qinling Giant Panda Conservation and Breeding Research Base in Foping, adopting a Qinling giant panda for life, and providing photovoltaic products and off-grid technology to support wildlife monitoring equipment in the protected area. Earlier, in 2022, LONGi donated photovoltaic modules to the Acquila Wildlife Conservation Base in South Africa, which not only provided daily electricity for the reserve but also clean water sources for wildlife, giving Acquila more possibilities for sustainable ecological operations.

In Duyun City, Guizhou Province, China, a 500kW “Solar +Tea Complementary Project” was established using LONGi photovoltaic products, exploring the application scenarios of photovoltaic technology in traditional tea gardens; the “Solar +Tea Complementary Project” model was also replicated in Pu’er City, Yunnan Province. In the world-famous Kubuqi Desert in Inner Mongolia, two photovoltaic power stations of 336kW and 338kW were built, with LONGi’s products helping arid areas achieve green ecological development with “generating electricity on the panels, planting under the panels, and breeding between the panels.”

Zhang Haimeng pointed out that as a leading global nature conservation organization, IUCN possesses extensive professional knowledge, a broad international network, and successful experiences on a global scale. This collaboration between LONGi and IUCN to release the biodiversity conservation initiative further refines and accelerates LONGi’s biodiversity practices. Through joint actions with IUCN, LONGi expects to more effectively promote global partners, policymakers, and the public’s understanding of the importance of biodiversity conservation, and to learn from excellent biodiversity protection projects such as Ant Group’s “Ant Forest,” actively taking effective measures to address global ecological challenges together. At the same time, as a leading global provider of green energy solutions, the photovoltaic technology and solutions that LONGi possesses can provide effective support for IUCN’s conservation actions.

“All things grow, and life is continuous. We call on humanity to join hands in protecting the Earth’s biodiversity and achieving harmonious coexistence between humans and nature. This is not just an initiative, but a call to action, looking forward to everyone contributing to the protection of biodiversity and the maintenance of ecological balance,” said Zhang Haimeng.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Advertisement

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com

Photo – https://mma.prnewswire.com/media/2568346/On_November_15th_2024_IUCN_Deputy_Director_General_Stewart_Maginnis.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/longi-and-iucn-jointly-release-the-initiative-of-advancing-climate-action-and-biodiversity-conservation-with-photovoltaic-302317351.html

Continue Reading

Trending