Diginex and iNEED partner to enhance sustainability reporting for over 1,000 Indonesian rural banks using diginexESG technology.
Quiver AI Summary
Diginex Limited has announced a strategic partnership with PT. Inovasi Emran Ekadanta (iNEED) to enhance sustainability reporting for over 1,000 rural banks in Indonesia. The agreement, which includes an upfront payment of approximately $1.7 million and a revenue-sharing structure, allows iNEED to utilize Diginex's diginexESG platform. This cloud-based solution aids in ESG data collection and reporting, ensuring compliance with both local and global standards. The collaboration aims to meet the growing demand for robust ESG reporting in the Indonesian banking sector, particularly as investor interest in sustainable finance rises in Southeast Asia. Diginex's CEO emphasized the importance of this alliance in advancing sustainable finance in Indonesia, while iNEED's CEO noted their role in facilitating digital innovation within the country's banking landscape.
Potential Positives
- Diginex has secured a strategic agreement with iNEED, providing a significant upfront payment of approximately US$1.7 million, enhancing its financial position.
- The partnership aims to deliver advanced sustainability reporting capabilities to over 1,000 rural banks in Indonesia, widening Diginex's market reach and influence in Southeast Asia's growing ESG sector.
- By leveraging its award-winning diginexESG platform, Diginex is positioned to lead the development of ESG compliance and reporting, aligning with global standards and addressing local regulatory requirements.
- The collaboration reflects an increasing investor interest in ESG opportunities in the region, potentially attracting more clients and partnerships for Diginex in a competitive market space.
Potential Negatives
- Significant reliance on a partnership with iNEED, which may indicate a lack of internal capabilities or resources to independently deliver sustainability solutions.
- The mention of "forward-looking statements" may raise concerns about the company's ability to meet its targets and achieve anticipated growth, suggesting potential uncertainties in its future performance.
- Prior announcements, such as the cash and share acquisition of Resulticks, could suggest ongoing financial obligations or risks associated with acquisitions and integration processes.
FAQ
What is the recent partnership between Diginex and iNEED about?
Diginex has partnered with iNEED to enhance sustainability reporting capabilities for over 1,000 rural banks in Indonesia.
How much is Diginex being paid for its services in the agreement?
iNEED will pay Diginex approximately US$1.7 million upfront, along with a revenue share structure.
What technology will be used in this collaboration?
The collaboration will utilize Diginex's award-winning diginexESG platform for ESG data collection and reporting.
Why is this alliance significant for Indonesian rural banks?
This alliance addresses the demand for robust ESG reporting amid increasing regulatory transparency in the Indonesian banking sector.
What does this partnership mean for sustainable finance in Indonesia?
The partnership aims to scale sustainable finance and support the sustainability goals of Indonesia's rural banking association.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
LONDON and JAKARTA, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (NASDAQ: DGNX) (“Diginex”), a leading provider of Sustainability RegTech, today announced it has signed strategic agreements with PT. Inovasi Emran Ekadanta (“iNEED”), a prominent Indonesian technology innovator focused on sustainable digital transformation, to deliver comprehensive sustainability reporting capabilities to over 1,000 rural banks throughout Indonesia. This alliance builds on iNEED's established collaborations with associations in Indonesia such as DPP Perbarindo, the Dewan Pimpinan Pusat (DPP) of Perhimpunan Bank Perekonomian Rakyat Indonesia (Perbarindo). Pursuant to the strategic agreement, iNEED has agreed to pay Diginex upfront fees of approximately US$1.7 million, plus a follow-on revenue share structure.
The initiative will leverage Diginex's award-winning diginexESG platform—a cloud-based solution that streamlines ESG data collection, analysis, and disclosure—to empower Indonesian financial institutions with tools for regulatory compliance, risk management, and transparent stakeholder reporting. By integrating diginexESG, the Indonesian rural banks will gain access to automated workflows, AI-driven insights, and standardized frameworks aligned with global standards such as the International Sustainability Standards Board (ISSB) and local Indonesian regulations.
This alliance comes at a pivotal moment for ESG adoption in Southeast Asia, where investor interest in sustainable opportunities has surged, with 70-82% of regional investors actively exploring ESG-focused investments. Corporate Boards across ASEAN are increasingly prioritizing sustainability, with 45% planning to establish dedicated ESG or sustainability committees in 2025. Key developments in the increasing ASEAN adoption of ESG, include the launch of carbon exchanges and expansions in renewable energy capacities, signaling a broader shift toward decarbonization and economic competitiveness through green initiatives. In Indonesia, the strategic relationship between Diginex and iNEED will address the growing demand for robust ESG reporting amid regulatory pushes for transparency in the banking sector by enabling the association of rural banking in Indonesia to deliver against its sustainability goals.
"The signing of these agreements with iNEED marks a significant step in scaling sustainable finance across Indonesia's dynamic banking landscape," said Mark Blick, CEO of Diginex. "By partnering with an innovative local player like iNEED, who brings deep ties to rural banks in Indonesia, we are preparing to offer the rural banking association of Indonesia with the tools to not only meet compliance needs but also drive long-term value creation. We are grateful to Resulticks for introducing this relationship, which aligns perfectly with our mission to make ESG accessible and actionable."
Added Raden Joko, iNEED CEO, "Our partnership with the rural banking association of Indonesia has already positioned us as a key enabler of digital innovation in Indonesian banking. Teaming up with Diginex elevates this effort, providing our network with cutting-edge ESG technology that will support the sustainability goals of the association. Resulticks' facilitation was instrumental in bringing these worlds together."
This collaboration between Diginex and iNEED was the result of an introduction through Resulticks, a global real time customer engagement and experience solution provider, highlighting the power of strategic introductions in fostering cross-border sustainability partnerships. On June 5, 2025, Diginex announced the signing of a Memorandum of Understanding (“MOU”) for a cash and share acquisition of Resulticks.
About Diginex
Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.
The award-winning diginexESG platform supports 19 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.
For more information, please visit the Company’s website: https://www.diginex.com/ .
About PT. Inovasi Emran Ekadanta (iNEED)
PT. Inovasi Emran Ekadanta, operating as iNEED, is a dynamic Indonesian digital innovation firm specializing in IT consulting, software and hardware solutions, and creative digital marketing. Committed to helping businesses achieve objectives through tailored technology, iNEED fosters partnerships for innovative growth.
For more information, please visit the Company’s website: https://ineed.id/ .
About Resulticks
Resulticks is a leading provider of AI-powered, omnichannel customer engagement and data management solutions. Its platform enables businesses to deliver personalized experiences through real-time data analytics and automation, serving clients across industries in North America, Asia, and the Middle East. Resulticks is headquartered in New York, with additional offices in India, Singapore, and Dubai.
For more information, please visit the Resulticks website: https://www.resulticks.com/resulticks-story.html
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC.
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