Fintech
Tencent Cloud Ranks As The No. 1 Cloud Services Provider In Media Services Market, According To Frost & Sullivan
The cloud business of global technology company, Tencent, today announced that it has been recognised as the no. 1 services provider in the media services market, according to Frost & Sullivan’s 2022 Asia-Pacific (APAC) Media Service Market Report. The study, which gathers data insights across Singapore and eight other markets in the region[1], found that 33.4% of Media and Entertainment firms chose Tencent Cloud’s services to accelerate their digital transformation journey in order to meet their future media services needs ranging from content creation, processing, and transmission, to real-time communication, video-on-demand, live streaming, and more.
The Frost & Sullivan study mapped the competitive cloud media services landscape by evaluating cloud providers using three criteria — its application capability; which measures a provider’s industry coverage and experience; service capability, measuring a provider’s infrastructure quality; and ecological level, which measures a provider’s sourcing, integration, and distribution channels. Tencent Cloud was ranked as 1st across the application and services capabilities, and is in the first tier of the ecological level.
The report also revealed strong integration in Tencent Cloud’s end-to-end media services, such as the consolidation of network resources into the Tencent RT-ONE Network to improve customers’ operational cost efficiency, and out-of-box SDKs to improve usability and further lower the technical barrier for clients.
The APAC media services market size is projected to reach US$6,987 million in 2026, with a CAGR of 27% over the next four years. Additionally, the demand for audio and video solutions is expected to increase across a range of downstream industries, with the e-commerce sector showing the largest CAGR amongst other sectors including online gaming, media and entertainment, enterprise, and healthcare services.
Poshu Yeung, Senior Vice President, Tencent Cloud International, highlighted that media services have emerged quickly and are now becoming a cornerstone of the way we live and communicate today. “Leveraging Tencent’s two decades of experience in serving and connecting over a billion users around the world on its consumer-facing platforms, Tencent Cloud is in a strategically strong position to help enterprises achieve “Immersive Convergence”, a concept that combines technology and the innovative approach of integrating the digital economy and the real world for a seamless connection.”
Today, Tencent Cloud provides more than 400 technologies and connectivity solutions that support “Immersive Convergence” through its global infrastructure network, covering more than 26 geographic areas across five continents and 70 availability zones, with more than 2,800 acceleration nodes.
Driving the APAC Media Services Landscape with a Global Business Strategy
Yeung further shared that as Tencent Cloud is expanding its global footprint, the business will double down on its resources to focus on innovation. The cloud services provider is also looking to enhance its product capabilities and accelerate the international expansion of its core products for sustainable growth. Backed by a rapidly growing global partner ecosystem, Tencent Cloud collaborates with over 10,000 partners globally, and jointly serves two million customers in their digital transformation journey.
According to a report by IDC, Tencent Cloud has ranked 1st for the past five consecutive years in the Chinese market share as the top cloud provider of audio-video solutions. The company’s commitment to leveraging its leading position in the media services space is further highlighted in its recent launch of Tencent Cloud Media Services in December 2022. Its latest international audio and video brand seeks to help businesses enhance immersive audience experiences and create customised virtual worlds.
“The APAC region will remain our priority market for long-term business growth. While APAC observes a high demand from enterprises to SMEs seeking digital transformation solutions across industries, evidence shows that the APAC region is a promising market for media services, and is projected to grow nineteenfold from 2016 to 2026. It is also a region with the most video-on-demand subscribers,” Yeung added.
Carmen Zhu, Research Director at Frost & Sullivan, said, “Cloud service providers, like Tencent Cloud, are well-positioned to catch on with the growth opportunities in the media service market in APAC. Integrated technologies, one-stop service offerings, low-code platforms, and enterprises going global are all potential opportunities for media service providers. These solutions are essential for the region, where growth is expected due to favourable macro conditions, such as high internet and mobile penetration, and rapid GDP growth across APAC. The introduction of government policies has also helped in further developing the digital economy, expanding the market capacity of multiple segments.”
Tommy Li, Vice President, Tencent Cloud, shared, “With our wealth of practical experience and leading core technologies, we are looking to build on our strengths to further enrich our product offerings in “Immersive Convergence”, and support customers in conventional industries, as well as media & entertainment, gaming, Web3.0, and metaverse natives. From enhancing Cloud-native products, strengthening support for multi-Cloud and hybrid Cloud, to bringing mature, easy-to-use one-stop solutions overseas, our team will continue to develop more innovative products to complement existing cloud offerings, and meet today’s global demands.”
In media services, Tencent Cloud has made significant strides in supporting various regional and global enterprises to grow globally, including GE Healthcare, BeLive Technology, Mildom, MIXCHANNEL, Pokekara, and more.
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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