{"id":19800,"date":"2024-06-24T20:18:49","date_gmt":"2024-06-24T20:18:49","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/digiasia-corp-advances-into-ai-solutions-for-financial-services-telecom-and-government-sectors-with-nvidia-gpu-allocation\/"},"modified":"2024-06-24T20:18:49","modified_gmt":"2024-06-24T20:18:49","slug":"digiasia-corp-advances-into-ai-solutions-for-financial-services-telecom-and-government-sectors-with-nvidia-gpu-allocation","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/digiasia-corp-advances-into-ai-solutions-for-financial-services-telecom-and-government-sectors-with-nvidia-gpu-allocation\/","title":{"rendered":"DIGIASIA Corp Advances into AI Solutions for Financial Services, Telecom, and Government Sectors with NVIDIA GPU Allocation"},"content":{"rendered":"
\n

~ Initial Access to 5,120 of NVIDIA\u2019s Latest and Most Powerful GPUs ~<\/em><\/p>\n

~ Develop and Deploy Advanced AI Enterprise Solutions for Fintech, Telecom, and Governments, Leveraging DIGIASIA\u2019s Existing Infrastructure and NVIDIA\u2019s Superior Hardware ~<\/em><\/p>\n

~ Significant Expansion of DIGIASIA\u2019s Comprehensive \u201cFintech as a Service\u201d Ecosystem, Tapping into an Estimated USD 200-300 Billion Annual Global Opportunity for AI Across Financial Services<\/em>1<\/em><\/sup> ~<\/em><\/p>\n

~ Catalyst to Achieve Significant Growth of Top and Bottom Line Beginning in the Fourth Quarter of 2024 ~<\/em><\/p>\n

NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) — Digi Tech Limited, the UAE based subsidiary of DIGIASIA Corp. (NASDAQ: FAAS) (\u201cDIGIASIA\u201d or the \u201cCompany\u201d), a leading Fintech as a Service (\u201cFaaS\u201d) ecosystem provider, has secured allocation of an initial tranche of 5,120 NVIDIA H200 GPUs (NASDAQ: NVDA). The access to NVIDIA\u2019s GPUs will propel DIGIASIA\u2019s development of cutting-edge AI solutions for enterprise customers in fintech, telecom, and government sectors. The first iteration of these NVIDIA-powered solutions is expected to be deployed by the fourth quarter of 2024. DIGIASIA will base operations for its AI initiatives out of the Dubai International Financial Center (\u201cDIFC\u201d) in the UAE leveraging on the UAE and the DIFC\u2019s global leadership in the advancement of advanced AI solutions.<\/p>\n

Structure of Transaction and AI Fintech Platform <\/strong><\/p>\n

DIGIASIA has been allocated an initial tranche of 5,120 NVIDIA H200 GPUs with the option for an additional 10,240 GPUs. The total market value of the initial tranche exceeds $400 million and exceeds $1.2 billion with the additional option. Initially, DIGIASIA will deploy these advanced GPUs in Southeast Asia, India, and the Middle East, with plans for global expansion.<\/p>\n

The integration of NVIDIA\u2019s GPUs will significantly enhance DIGIASIA\u2019s fintech infrastructure, boosting productivity and efficiency. This will enable DIGIASIA enterprise clients to implement advanced solutions such as AML, fraud detection, KYC, smart dealer lending, branchless banking, automated customer journeys, and deep encryption of financial data.<\/p>\n

Market Opportunity<\/strong><\/p>\n

DIGIASIA\u2019s access to NVIDIA GPUs opens up a substantial market opportunity, potentially tapping into a USD 200-300 billion annual global market in financial services. By leveraging NVIDIA\u2019s cutting-edge GPUs and AI models, DIGIASIA aims to deliver advanced AI fintech solutions across Southeast Asia, India and the Middle East. DIGIASIA plans to utilize its existing enterprise partners and identify incremental strategic partners for AI datacenter hosting to support these innovative solutions.<\/p>\n

Executive Insights<\/strong><\/p>\n

Prashant Gokarn, CEO of DIGIASIA, stated, “NVIDIA GPUs are at the core of any AI-based solution. We are thrilled with this allocation, which allows us to develop the next generation of DIGIASIA\u2019s embedded finance platform with generative AI, enhancing precision and productivity for enterprises. This will allow us to continue to support our existing and new enterprise customers in the AI revolution.”<\/p>\n

Subir Lohani, CFO and Chief Strategy Officer of DIGIASIA, commented, “Since going public in April, we have consistently executed our strategy to provide innovative solutions to our enterprise clients and expand our geographic reach. We plan to roll out the initial NVIDIA-powered solutions by the fourth quarter of 2024, driving significant growth and attractive returns. We are excited to grow this initiative from the DIFC Innovation Hub \/ AI Campus in the UAE which has become a global hub for the advancement of AI solutions.”<\/p>\n

Forward-Looking Statements:<\/strong><\/p>\n

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words \u201cbelieve\u201d, \u201cexpect\u201d, \u201canticipate\u201d, \u201cproject\u201d, \u201ctargets\u201d, \u201coptimistic\u201d, \u201cconfident that\u201d, \u201ccontinue to\u201d, \u201cpredict\u201d, \u201cintend\u201d, \u201caim\u201d, \u201cwill\u201d or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning DIGIASIA and the Company\u2019s operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. DIGIASIA cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world including those discussed in DIGIASIA\u2019s Form 20-F under the headings \u201cRisk Factors\u201d, \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d and \u201cBusiness Overview\u201d and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and DIGIASIA specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.<\/p>\n

Investor Contact:
MZ North America
Email: FAAS@mzgroup.us<\/a><\/p>\n

Company Contact:
Subir Lohani
Chief Strategy Officer and CFO
Email: subir.lohani@digiasia.asia<\/a><\/p>\n

1 https:\/\/www.mckinsey.com\/industries\/financial-services\/our-insights\/capturing-the-full-value-of-generative-ai-in-banking<\/a><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

~ Initial Access to 5,120 of NVIDIA\u2019s Latest and Most Powerful GPUs ~ ~ Develop and Deploy Advanced AI Enterprise Solutions for Fintech, Telecom, and Governments, Leveraging DIGIASIA\u2019s Existing Infrastructure and NVIDIA\u2019s Superior Hardware ~ ~ Significant Expansion of DIGIASIA\u2019s Comprehensive \u201cFintech as a Service\u201d Ecosystem, Tapping into an Estimated USD 200-300 Billion Annual Global […]<\/p>\n","protected":false},"author":2,"featured_media":19801,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/f4ce3b42-2cd8-4c35-acab-54465f4f3f65","fifu_image_alt":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-19800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/19800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=19800"}],"version-history":[{"count":0,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/19800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/19801"}],"wp:attachment":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=19800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=19800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=19800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}