Diginex Limited’s (NASDAQ: DGNX) stock continued to rise after a strategic partnership was announced. The price of DGNX shares was $57.05 at the time of the last check, up 9.9.%.
AI-Powered Improvement of ESG Compliance
Diginex announced intentions to use OpenAI’s technology to include cutting-edge artificial intelligence capabilities into its ESG reporting platform, diginexESG. For companies managing intricate ESG reporting obligations, this program seeks to sharpen risk assessments, increase compliance accuracy, and streamline data extraction.
It is anticipated that the new AI features would improve the platform’s capacity to assist businesses in adhering to sustainability disclosure guidelines set out by the International Financial Reporting Standards (IFRS) and the International Sustainability Standards Board (ISSB).
DGNX anticipates that starting in 2025, the AI-driven improvements will boost revenue growth by boosting client adoption and broadening the market attractiveness of diginexESG. As global ESG disclosure regulations continue to change, the company is establishing itself as a major force in the sustainable finance industry.
Increasing Market Share for ESG Products
The market is expected to reach between $1.5 billion and $4.35 billion by 2027, with a predicted compound annual growth rate (CAGR) of 15.9% to 30%, due to the increasing development in demand for ESG reporting. DiginexESG’s AI-powered features complement this growing market potential and support the business’s long-term growth plan.
DGNX’s inclusion in Hong Kong’s Green and Sustainable Fintech Proof-of-Concept (PoC) program, which is run by the Financial Services and the Treasury Bureau (FSTB), further cemented the company’s reputation in the sector. Innovative green fintech solutions with quantifiable financial and environmental effects are supported by this program.
Cooperation with International Financial Organizations
By collaborating closely with top international financial institutions, Diginex intends to build on its momentum and accelerate its AI-driven solutions. The organization is still focused on enhancing supply chain, climate, and ESG data collecting and reporting in order to increase operational effectiveness and customer satisfaction.
With ongoing support from financial regulators, DGNX is well-positioned to contribute significantly to the advancement of fintech innovation with a sustainability focus.