Collective network intelligence is used to validate account information before initiating payments, reducing misdirected payments and fraud

SINGAPORE, Nov. 7, 2024 /PRNewswire/ — Nium today announced an expansion to its global collaboration with Kinexys by J.P. Morgan (formerly Onyx by J.P. Morgan), with the cross-border payments leader being the first fintech company to provide data that helps validate bank account details used in international payments to Malaysia, Thailand, and Hong Kong. Nium Verify will provide data to Confirm, an application developed by Kinexys by J.P. Morgan, designed for the exchange of global account validation information. The solution is used to validate beneficiary account details in real-time, prior to payment, significantly reducing the likelihood of errors and failed payments when making cross-border transactions.

Institutions across the globe experience a high number of payment returns and fraud due to the inability to verify account information in real time prior to payment processing. This results in unnecessary fees, payment delays, and customer experience issues. Based on a market evaluation of high-value payment returns in 2020, there is an opportunity to save millions of dollars on high value payments and three to four days of payment-related delays.

Nium is providing data from Nium Verify to Liink, developed by Kinexys by J.P. Morgan’s blockchain business unit, which provides scalable solutions and creates ecosystems that transform the way information, money, and assets move. Liink is the world’s first bank-led, peer-to-peer network that facilitates secure and private information and capability exchange between dozens of sophisticated global institutions, such as banks, credit unions, fintechs and digital banks, among others.  Built on a private, permissioned blockchain network, Liink enables participants to share information across its network, all while maintaining the three fundamental properties of information sharing: sovereignty, security and privacy.

“The additional markets for which Nium is able to provide data coverage will expand Confirm’s significant global reach even further, providing incremental value to inquiring participants on the network without requiring any incremental technology uplift,” said Zack Chestnut, Global Head of Business Development for Kinexys Liink and Kinexys Digital Payments. “This is in line with Confirm’s goal to provide global account verification services through a single, secure network. We are excited to partner with Nium to provide additional value to our participants and make the global payments ecosystem more efficient.”

Globally, Nium Verify provides real-time insight into the account beneficiaries in more than 50 markets. It applies advanced technologies to indicate in real-time whether account details are accurate. Nium introduced Verify at the Money20/20 conference in Las Vegas.

“We are excited to deepen our relationship with Kinexys by J.P. Morgan and move closer towards our shared goal of providing businesses with faster, more secure, and reliable payment experiences in the rapidly growing APAC region,” said Alex Johnson, Chief Payments Officer at Nium. “This collaboration aligns with Nium’s mission to simplify and streamline cross-border payments for businesses worldwide. By leveraging our account verification capabilities, we are reducing friction in global payments, creating a more efficient, secure, and compliant payments ecosystem.”

For more information about Nium Verify, visit the link here.

About Nium

Nium, the leading global infrastructure for real-time cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 220+ markets, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licences and authorisations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.

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ABU DHABI, UAE, Nov. 6, 2024 /PRNewswire/ — ADGM, the host of the flagship financial event of the MEASA region, Abu Dhabi Finance Week (ADFW) announced ADQ – an Abu Dhabi-based investment and holding company as the “Headline Partner” for the 2024 and 2025 editions of ADFW.

This strategic partnership with ADQ underscores its dedication and commitment to the growth of Abu Dhabi’s financial sector, emphasising its role in driving innovation and market-leading services. As the “Headline Partner” for the next two editions, ADQ will be instrumental in curating the direction and agenda of ADFW, ensuring the event’s continued success and cementing its position as a leading economic and investment conference.

In addition, ADFW 2024 will be supported by more than 30 global, regional, and local entities. Main partners include the Abu Dhabi Department of Economic Development (ADDED) as the Economic Development Partner, Etihad Airways as the Official Airlines Partner, the Department of Culture and Tourism (DCT) as the Destination and Cultural Partner and Hub71 as the Tech Ecosystem Partner. The list also includes the following group of ‘Strategic Partners’ namely Mubadala, UBS, HSBC, ADCB, FAB, PGIM, and ADX alongside ADIO, ADIB, Circle, Etoro, Further Ventures, Realize, and Smartenergy as ‘Official Partners‘ of ADFW.

Commenting on ADFW and ADQ’s strategic collaboration, Salem Al Darei, CEO of ADGM Authority said, “We are pleased to announce this significant partnership with ADQ as our Headline Partner for the upcoming two editions of ADFW. This partnership solidifies our shared vision for Abu Dhabi’s financial sector and strengthens ADGM and ADQ’s collaboration to deliver an even more impactful event. On this occasion, we would also like to sincerely thank our Strategic and Official Partners for their invaluable support in making ADFW 2024 a truly global platform. We look forward to working closely with all our partners to further enhance Abu Dhabi’s position as a global financial hub.”

Hamad Abdulla Al Hammadi, Deputy Group Chief Executive Officer at ADQ said, “ADQ’s strategic partnership for the 2024 and 2025 editions of ADFW underscores our commitment to fostering a robust financial ecosystem that supports the long-term growth of a competitive, diversified and sustainable economy. Through this partnership, we aim to promote thought leadership and foster industry-wide collaboration, advancing conversations that unlock new investment opportunities across various fields while reinforcing Abu Dhabi’s value proposition, characterised by access to global markets and talent, and supported by an enabling regulatory framework.”

This year, ADFW is set to run from 9^th to 12^th December 2024 and will focus on the various elements that solidify Abu Dhabi’s position as the ‘Capital of Capital, hosting important sessions that address major developments at the intersection of finance, technology and investment. ADFW 2024 is set to feature around 400 international speakers, including CEOs and Chairs from 50 leading global financial institutions.

For more information, visit: www.adfw.com

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MANCHESTER, England, Nov. 6, 2024 /PRNewswire/ — Smartkem (Nasdaq: SMTK), positioned to power the next generation of displays using its disruptive organic thin-film transistors (OTFTs), today announced that it will be giving a presentation at the 6^th National Conference on Organic Field-Effect Transistors in Hangzhou, China on Saturday, November 9^th, 2024.

The presentation will be given by Smartkem Chief Technology Officer, Dr. Simon Ogier, and is titled, “OTFT materials for emissive displays and low temperature logic circuitry on plastic substrates. The presentation will take place at 13:30 local time.

Presenter: Dr. Simon Ogier, CTO
Presentation title: “OTFT materials for emissive displays and low temperature logic circuitry on plastic substrates.”
Time: 13:30-13:50
Date: Saturday, November 9^th, 2024

The conference is hosted by Beihang University and the Institute of Chemistry, Chinese Academy of Sciences (ICCAS), and co-organized by Fudan University. This conference will focus on the two major themes of “Organic Field-Effect Transistors” and “Flexible Printed Optoelectronic Materials and Devices”.

To find out more about the conference, visit: https://www.ofet6.org.cn/

Smartkem’s Nasdaq information can be found on the Nasdaq website: https://www.nasdaq.com/market-activity/stocks/smtk

About Smartkem

Smartkem is seeking to reshape the world of electronics with its disruptive organic thin-film transistors (OTFTs) that have the potential to revolutionize the display industry.  Smartkem’s patented TRUFLEX® liquid semiconductor polymers can be used to make a new type of transistor that can be used in a number of display technologies, including next generation microLED displays. Smartkem’s inks enable low temperature printing processes that are compatible with existing manufacturing infrastructure to deliver low-cost displays that outperform existing technology.

Smartkem develops its materials at its research and development facility in Manchester, UK and provides prototyping services at the Centre for Process Innovation (CPI) at Sedgefield, UK, It has a field application office in Taiwan. The company has an extensive IP portfolio including 125 granted patents across 19 patent families and 40 codified trade secrets. For more information, visit: www.Smartkem.com and follow us on LinkedIn www.linkedin.com/company/Smartkem-limited and Twitter @SmartkemOTFT.

About OFET-6 & CFPOE-4

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With the purpose of academic exchanges, OFET-6 and CFPOE-4 will discuss the latest progress and future development of domestic and foreign research, enhance exchanges and cooperation between domestic and foreign colleagues in the field of organic field-effect transistors and flexible printed optoelectronic materials and devices, and jointly promote the industry-university-research cooperation and industrialization development in the field of organic field-effect transistors and flexible printed optoelectronic materials and devices. The organizing committee of the conference sincerely invites experts, scholars, scientific and technological personnel, industry professionals and students in related fields to meet us in Hangzhou, Zhejiang.

Forward-Looking Statements

All statements in this press release that are not historical are forward-looking statements, including, among other things, statements relating to the Smartkem’s expectations regarding the effect of the Nasdaq listing on its common stock, its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors. These statements are not historical facts but rather are based on Smartkem Inc.’s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expect,” “intend,” “plan,” “project,” “believe,” “estimate,” and other similar or elated expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company’s control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

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