Latest news with #KinexysLiink
Yahoo
28-04-2025
- Business
- Yahoo
Phixius, Kinexys Liink partner to bolster account validation processes
Phixius by Nacha has teamed up with Kinexys Liink, a bank-led data sharing network operated by J.P. Morgan. This partnership aims to improve the scope and efficiency of account validation services for financial institutions, fintech companies, and corporations across the globe. As part of the collaboration, Phixius will serve as the key US payment information network Responder for Kinexys Liink. This is said to enable Phixius to offer near-instant verification of domestic bank account details, facilitating faster and more accurate transactions for all parties involved. In exchange, Phixius users will benefit from access to Kinexys Liink's Confirm application, which provides global account validation capabilities. This will enhance the utility and international reach of the Phixius network, supporting seamless cross-border payments and reducing potential errors. Nacha ACH Network Development managing director Rob Unger said: 'Phixius' collaboration with Kinexys Liink offers a unique opportunity to facilitate collaboration across respective networks. 'Kinexys Liink and Phixius customers can benefit by validation services using data provided by either network, helping to mitigate payment fraud and reduce potential ACH returns.' Kinexys by J.P. Morgan is the blockchain business unit of the company, focused on creating scalable systems that help transform traditional business models. The company works closely with clients to reimagine the movement of information, money, and assets in the digital age. Kinexys Liink operates as a blockchain-powered, payment-rail-agnostic information exchange platform. Its goal is to provide secure and frictionless sharing of payment-related data, all while ensuring privacy, sovereignty, and security are maintained throughout the process. Via its Confirm application, Kinexys Liink allows for near real-time global validation of bank account details, such as ownership and transaction status. This enhances operational efficiency, reduces fraud risks, and helps minimise errors in international payments. Kinexys Liink at Kinexys by J.P. Morgan general manager Gloria Wan said: 'We are committed to enhancing the provision of secure, efficient data connectivity to address industry challenges and innovation opportunities. 'Through the collaboration with Phixius by Nacha, we look forward to expanding the reach of Kinexys Liink to further strengthen account validation and cross-border payment infrastructure globally.' "Phixius, Kinexys Liink partner to bolster account validation processes" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Wire
25-04-2025
- Business
- Business Wire
Phixius by Nacha Announces Collaboration With Kinexys by J.P. Morgan to Enhance Account Validation Capabilities
RESTON, Va.--(BUSINESS WIRE)-- Phixius by Nacha (Phixius) — a secure, peer-to-peer payment information network — today announces a strategic collaboration with Kinexys Liink, the world's first bank-led peer-to-peer data sharing network, part of Kinexys by J.P. Morgan. This collaboration establishes information exchanges between the two payment information networks, enhancing account validation coverage for financial institutions, fintechs and corporations. As part of the symbiotic relationship, Phixius will serve as Kinexys Liink's key U.S. payment information network Responder, enabling near real-time validation of domestic bank account data. In turn, Phixius participants will gain access to Kinexys Liink application Confirm's global account validation capabilities, expanding the reach and utility of the Phixius network. 'Phixius' collaboration with Kinexys Liink offers a unique opportunity to facilitate collaboration across respective networks,' said Rob Unger, Managing Director of ACH Network Development at Nacha. 'Kinexys Liink and Phixius customers can benefit by validation services using data provided by either network, helping to mitigate payment fraud and reduce potential ACH returns.' 'We are committed to enhancing the provision of secure, efficient data connectivity to address industry challenges and innovation opportunities,' said Gloria Wan, General Manager, Kinexys Liink at Kinexys by J.P. Morgan. 'Through the collaboration with Phixius by Nacha, we look forward to expanding the reach of Kinexys Liink to further strengthen account validation and cross-border payment infrastructure globally.' Kinexys by J.P. Morgan, the firm's blockchain business unit, builds scalable solutions alongside clients and creates ecosystems that could reimagine traditional business models to transform the way information, money and assets move. Kinexys Liink established the payment rail-agnostic, blockchain-based information exchange network designed to facilitate frictionless and secure payment-related information exchange while maintaining the three fundamental properties of information sharing: sovereignty, security and privacy. Through its Confirm application, Kinexys Liink enables near real-time global validation of bank account ownership, status and transactions, helping reduce payment errors, mitigate fraud risk and improve operational efficiency in international payments. About Nacha Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 33.6 billion ACH Network payments made in 2024, valued at $86.2 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.
Mid East Info
21-04-2025
- Business
- Mid East Info
Emirates NBD's strategic collaboration with Kinexys by J.P. Morgan set to enhance cross-border payment security
Emirates NBD a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, announces its strategic decision to join Kinexys Liink, the world's first bank-led peer-to-peer data sharing network, from Kinexys by J.P. Morgan. Through integrating with Kinexys Liink's 'Confirm' Application, designed for the exchange of global account validation information, Emirates NBD aims to enhance cross-border payments security for participants on the Kinexys Liink network. Through the collaboration, Emirates NBD aims to provide participating banks and financial institutions on the network with enhanced security and efficiency and offer benefits to further streamline cross-border payment flows in the United Arab Emirates (UAE). Leveraging the 'Confirm' Application, Emirates NBD, will be able to validate account information for accounts based in the UAE for participants on the 'Confirm' Application. Kinexys Liink is offered by Kinexys by J.P. Morgan – the firm's blockchain business unit focused on groundbreaking innovation to build the next-generation of financial infrastructure utilising blockchain technology. An Application on the Kinexys Liink network, 'Confirm' enables the global validation of bank account information in advance of payment being made. By providing validation services on the 'Confirm' Application Emirate NBD will help network participants ensure that payments are routed correctly, preventing costly delays and reducing the occurrence of payment returns due to incorrect or outdated details. This will also help to control operational costs, improve straight-through processing rates, and help reduce payment delays, which could otherwise take several days to resolve, ensuring payments will reach the intended recipients quickly and efficiently. The collaboration positions Emirates NBD as a regional pioneer in utilising blockchain technology to streamline international payments, strengthening its commitment to innovation and payment security. Anith Daniel, Group Head of Transaction Banking Services, Emirates NBD, commented: 'We are pleased to integrate with 'Confirm' by Kinexys Liink, which positions us at the forefront of payment innovation. By leveraging a blockchain network infrastructure such as the one from Kinexys by J.P. Morgan, we are able to provide real value to banks on the network, ensuring advanced payment security and streamlined operations. As the Kinexys Liink network expands, we are excited about the future opportunities this collaboration will unlock.' Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, said: 'We are pleased to welcome Emirates NBD as part of the Kinexys Liink network. We are committed to developing solutions that enhance the speed, security and reliability of global cross-border payments and Emirates NBD's integration with the Kinexys Liink network helps bring these benefits to the region.' About Emirates NBD Bank PJSC: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st December 2024, total assets were AED 997 billion, (equivalent to approx. USD 271 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 848 branches and 4,601 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.87 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
Tahawul Tech
21-04-2025
- Business
- Tahawul Tech
Emirates NBD's collaboration with Kinexys to enhance cross-border payment security
Dubai — Emirates NBD a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, announces its strategic decision to join Kinexys Liink, the world's first bank-led peer-to-peer data sharing network, from Kinexys by J.P. Morgan. Through integrating with Kinexys Liink's 'Confirm' Application, designed for the exchange of global account validation information, Emirates NBD aims to enhance cross-border payments security for participants on the Kinexys Liink network. Anith Daniel, Group Head of Transaction Banking Services, Emirates NBD, said, 'We are pleased to integrate with 'Confirm' by Kinexys Liink, which positions us at the forefront of payment innovation. By leveraging a blockchain network infrastructure such as the one from Kinexys by J.P. Morgan, we are able to provide real value to banks on the network, ensuring advanced payment security and streamlined operations. As the Kinexys Liink network expands, we are excited about the future opportunities this collaboration will unlock.' Through the collaboration, Emirates NBD aims to provide participating banks and financial institutions on the network with enhanced security and efficiency and offer benefits to further streamline cross-border payment flows in the United Arab Emirates (UAE). Leveraging the 'Confirm' Application, Emirates NBD, will be able to validate account information for accounts based in the UAE for participants on the 'Confirm' Application. Kinexys Liink is offered by Kinexys by J.P. Morgan – the firm's blockchain business unit focused on groundbreaking innovation to build the next-generation of financial infrastructure utilising blockchain technology. An Application on the Kinexys Liink network, 'Confirm' enables the global validation of bank account information in advance of payment being made. By providing validation services on the 'Confirm' Application Emirate NBD will help network participants ensure that payments are routed correctly, preventing costly delays and reducing the occurrence of payment returns due to incorrect or outdated details. This will also help to control operational costs, improve straight-through processing rates, and help reduce payment delays, which could otherwise take several days to resolve, ensuring payments will reach the intended recipients quickly and efficiently. Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, said: 'We are pleased to welcome Emirates NBD as part of the Kinexys Liink network. We are committed to developing solutions that enhance the speed, security and reliability of global cross-border payments and Emirates NBD's integration with the Kinexys Liink network helps bring these benefits to the region.' The collaboration positions Emirates NBD as a regional pioneer in utilising blockchain technology to streamline international payments, strengthening its commitment to innovation and payment security.
Hi Dubai
21-04-2025
- Business
- Hi Dubai
Emirates NBD's strategic collaboration with Kinexys by J.P. Morgan set to enhance cross-border payment security
Emirates NBD a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, announces its strategic decision to join Kinexys Liink, the world's first bank-led peer-to-peer data sharing network, from Kinexys by J.P. Morgan. Through integrating with Kinexys Liink's 'Confirm' Application, designed for the exchange of global account validation information, Emirates NBD aims to enhance cross-border payments security for participants on the Kinexys Liink network. Through the collaboration, Emirates NBD aims to provide participating banks and financial institutions on the network with enhanced security and efficiency and offer benefits to further streamline cross-border payment flows in the United Arab Emirates (UAE). Leveraging the 'Confirm' Application, Emirates NBD, will be able to validate account information for accounts based in the UAE for participants on the 'Confirm' Application. Kinexys Liink is offered by Kinexys by J.P. Morgan – the firm's blockchain business unit focused on groundbreaking innovation to build the next-generation of financial infrastructure utilising blockchain technology. An Application on the Kinexys Liink network, 'Confirm' enables the global validation of bank account information in advance of payment being made. By providing validation services on the 'Confirm' Application Emirate NBD will help network participants ensure that payments are routed correctly, preventing costly delays and reducing the occurrence of payment returns due to incorrect or outdated details. This will also help to control operational costs, improve straight-through processing rates, and help reduce payment delays, which could otherwise take several days to resolve, ensuring payments will reach the intended recipients quickly and efficiently. The collaboration positions Emirates NBD as a regional pioneer in utilising blockchain technology to streamline international payments, strengthening its commitment to innovation and payment security. Anith Daniel, Group Head of Transaction Banking Services, Emirates NBD, commented: We are pleased to integrate with 'Confirm' by Kinexys Liink, which positions us at the forefront of payment innovation. By leveraging a blockchain network infrastructure such as the one from Kinexys by J.P. Morgan, we are able to provide real value to banks on the network, ensuring advanced payment security and streamlined operations. As the Kinexys Liink network expands, we are excited about the future opportunities this collaboration will unlock. Naveen Mallela, Global Co-Head of Kinexys by J.P. Morgan, said: We are pleased to welcome Emirates NBD as part of the Kinexys Liink network. We are committed to developing solutions that enhance the speed, security and reliability of global cross-border payments and Emirates NBD's integration with the Kinexys Liink network helps bring these benefits to the region. News Source: Burson
