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CDNetworks to Double Its Investment in Middle East Infrastructure and Debut at GISEC 2024
DUBAI, UAE, April 22, 2024 /PRNewswire/ — CDNetworks, the APAC-leading network to deliver edge as a service, today announced a strategic initiative that will double its 2024 infrastructure investment in the Middle East to drive digital transformation. This initiative will significantly expand Points of Presence (PoPs), double bandwidth capacity, and add anti-DDoS scrubbing centers, enhancing the digital landscape. The announcement coincides with CDNetworks’ debut at the GISEC 2024, highlighting its commitment to the region’s digital progress.
Embracing the Middle East with Ambitious Expansion
As the Middle East emerges as an innovation hub within the global digital landscape, CDNetworks has collaborated with over 30 prominent ISPs in the region, including key players like Etisalat, STC, and Ooredoo, and established over 50 PoPs across Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and other strategically located countries.
In 2024, to support organizations to penetrate the Middle Eastern market more effectively, CDNetworks plans to add 30 PoPs for 100% network coverage, ensuring comprehensive connectivity.
“Delivering unparalleled network performance in the region is the cornerstone of this initiative,” stated Antony Li, CDNetworks’ Global Head of Infrastructure. “Our aim is to establish a benchmark resource network in the Middle East, enhancing digital infrastructure resilience and scalability to support businesses in effectively navigating Middle Eastern markets.“
Highlights of Initiative for Middle East
- Add Over 30 New PoPs and Double the Bandwidth Capacity of Existing PoPs.
- Achieve 100% Full Network Coverage in the Middle East by Adding PoPs in Blank Areas.
- Build At Least 2 Local Scrubbing Centers (Dubai & UAE) to Boost DDoS Defense Capabilities.
Debuting at GISEC 2024
CDNetworks’ debut at GISEC marks a key step in its commitment to the Middle East, showcasing enhanced network, security capabilities, and its new Cloud Security 2.0 platform alongside comprehensive WAAP solutions. These efforts are designed to speed up the region’s digital transformation by offering secure, fast digital experiences.
Visit CDNetworks at booth G27, Hall 3, Dubai World Trade Centre to explore advanced security solutions and support in the Middle East.
About CDNetworks
As the APAC-leading network with over 2,800 global PoPs, CDNetworks delivers the fastest and most secure digital experiences to end users. Our diverse products and services include web performance, media delivery, cloud security, and colocation services — all of which are designed to spur business innovation.
Media Contact
CDNetworks Co. Ltd
[email protected]
www.cdnetworks.com
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Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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