KUALA LUMPUR, May 11 (Bernama) -- AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” (Excellent) to Taiwan’s Tokio Marine Newa Insurance Co Ltd (TMNewa), with a stable outlook.
In a statement, AM Best said the credit ratings (ratings) reflected TMNewa’s very strong balance sheet strength, adequate operating performance, neutral business profile and appropriate enterprise risk management.
The ratings also factor in the rating enhancement from its parent, Tokio Marine & Nichido Fire Insurance Co Ltd (TMNF), which is the main insurance operating entity of Tokio Marine Holdings Inc.
TMNewa, Taiwan’s fourth-largest non-life insurer with a 7.6 per cent market share in 2025, focuses primarily on motor insurance through links with Taiwan-based Yulon Group.
The global credit rating agency said TMNewa’s risk-adjusted capitalisation remained at the strongest level at end-2025, supported by retained earnings, shareholder capital injections, conservative investments and strong liquidity.
AM Best added that TMNewa returned to favourable operating performance following underwriting losses linked to pandemic-related products in 2022, with return on equity reaching 25.7 per cent in 2025.
The expense ratio benefits from the company’s sustained control over management expenses and commissions, along with the increased scale, and remains below the market average.
Going forward, TMNewa is targeting profitable growth in non-motor business lines, including fire and liability insurance for small to medium-sized enterprises, while being disciplined on large commercial risks.
-- BERNAMA
Monday, May 11, 2026
AM BEST ASSIGNS EXCELLENT CREDIT RATINGS TO TOKIO MARINE NEWA INSURANCE
Sunday, May 10, 2026
Abaxx Advances Digital Title Toward Commercial Implementation; Names Alta as First Singapore Integration Partner
Agreement supports the formation of a Singapore-based VCC structure to enable the use of money market fund shares as T+0 collateral at Abaxx Clearing
TORONTO, May 8 (Bernama-GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, and indirect majority shareholder of Abaxx Singapore Pte Ltd. (“Abaxx Singapore”), owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today announced a commercial engagement with Alta Alternative Investments Pte. Ltd. (“Alta”), one of Asia’s leading regulated brokerages, securities exchanges, and fund management platforms, to advance the use of money market fund shares as T+0 collateral for margin at Abaxx Clearing, moving Digital Title toward its first commercial implementation.
In December 2025, Abaxx demonstrated in a pilot that its Digital Title can provide a legally enforceable and operational mechanism to instantly mobilize money market fund shares as collateral for margin and financing. Evidence of legal title transferred immediately on margin call, giving the receiving party direct ownership of the underlying money market fund shares, rather than a pledged claim exposing them to an insolvency gap, while the original holder continued to earn yield on the same principal throughout the transaction.
Following the successful pilot, Abaxx has moved from pilot transactions to commercial partnerships, engaging with Alta to advance the use of money market fund shares as T+0 collateral for margin at Abaxx Clearing.
Abaxx and Alta have signed a letter of engagement to partner in the establishment of a Singapore-based Variable Capital Company (“VCC”) umbrella structure, including a sub-fund designed to invest in USD-denominated money market instruments and short-term fixed income securities, to support the use of those fund shares as T+0 collateral within Abaxx Clearing, while allowing yield on those assets to continue to accrue.
The VCC will be a Singapore-regulated open-ended fund vehicle designed for institutional use, providing the legal structure for those fund shares to be recognized as collateral within Abaxx Clearing, subject to regulatory approval. Alta is a Singapore-licensed fund management company, and will serve as fund manager for the VCC structure.
“This partnership with Abaxx Technologies marks a pivotal moment in extending Alta’s fund management capabilities into the cash and collateral space,” said Kelvin Lee, Group CEO, Alta. “Money market funds are highly liquid, short-duration vehicles invested in short-term debt instruments. The Abaxx Alta MMF is built for clearing participants: members holding margin at Abaxx shouldn’t have to choose between liquidity and yield, and by structuring the sub-fund’s units to function as T+0 collateral, we give them both. This works alongside Abaxx’s Digital Title technology, with real-time visibility into the sub-fund’s holdings across all parties providing the transparency required for the units to function as live collateral, something difficult to achieve under traditional settlement timelines. We’re proud to be Abaxx’s first integration partner, and optimistic about what this infrastructure can unlock for institutional markets.”
Initial margin held at the ten leading clearinghouses totaled approximately $915.7 billion at the end of 2024¹. Firms hold trillions more in commodities and securities that are not widely used as collateral, while assets that are in motion often move on T+1 cycles, requiring FCMs to maintain precautionary capital reserves.
Abaxx Digital Title pairs cryptographically secured evidence of ownership with verified identity to convert commodities and securities into high-velocity, yield-bearing T+0 instruments, enabling their use as collateral and supporting a more capital-efficient global trading system. To view a demonstration of Digital Title mobilizing money market fund shares for collateral, visit https://digital-title.abaxx.tech.
¹ Futures Industry Association, Tokenisation: Accelerating the Velocity of Collateral, 2025.
About Abaxx Technologies
Abaxx Technologies is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transition.
In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiaries Abaxx Spot Pte. Ltd. and Adaptive Infrastructure.
Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally-cleared futures contracts, including physically-deliverable and financially-settled products, in LNG, carbon, battery materials, precious metals, and weather-indexed renewables, meeting the commercial needs of today’s commodity markets and establishing the next generation of global benchmarks.
Abaxx Spot modernizes physical gold trading through a physically-backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers, and is designed to support physical delivery for Abaxx Exchange’s physically-deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.
Adaptive Infrastructure closes critical gaps in post-trade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement, and transfer agency services designed to reduce risk and improve reliability across asset classes.
Abaxx Labs is the Company’s center for engaging with the developer community to create the next generation of technology that will build smarter markets through open-source software tools that promote the use of Abaxx’s ID++ technologies.
For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media
For more information about this press release, please contact:
Steve Fray, CFO
Tel: +1 647-490-1590
Media and investor inquiries:
Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech
Cautionary Statement Regarding Forward-Looking Information
This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable United States and Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “purpose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.
In particular, this press release contains forward-looking statements including, without limitation, Abaxx’s objectives and future plans, statements about the development and commercial implementation of Digital Title, Abaxx’s strategy for engaging with commercial partners related to the implementation of Digital Title, receipt of regulatory approvals, anticipated benefits of the commercial implementation of Digital Title to Abaxx and Abaxx’s role in the development of commodities and energy markets. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors and assumptions impacting forward-looking information include, among others: assumptions about the potential market opportunity and commercial adoption of Digital Title; receipt of required regulatory approvals for the implementation of Digital Title; availability of technical resources; market demand for the Company’s products and services; risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: the failure of energy markets and collateral use cases to develop according to the expectations of Abaxx; operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; changes in global weather patterns; changes in the price of commodities, restrictions on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management’s discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.
Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.
SOURCE: Abaxx Technologies Inc.
--BERNAMA
In December 2025, Abaxx demonstrated in a pilot that its Digital Title can provide a legally enforceable and operational mechanism to instantly mobilize money market fund shares as collateral for margin and financing. Evidence of legal title transferred immediately on margin call, giving the receiving party direct ownership of the underlying money market fund shares, rather than a pledged claim exposing them to an insolvency gap, while the original holder continued to earn yield on the same principal throughout the transaction.
Following the successful pilot, Abaxx has moved from pilot transactions to commercial partnerships, engaging with Alta to advance the use of money market fund shares as T+0 collateral for margin at Abaxx Clearing.
Abaxx and Alta have signed a letter of engagement to partner in the establishment of a Singapore-based Variable Capital Company (“VCC”) umbrella structure, including a sub-fund designed to invest in USD-denominated money market instruments and short-term fixed income securities, to support the use of those fund shares as T+0 collateral within Abaxx Clearing, while allowing yield on those assets to continue to accrue.
The VCC will be a Singapore-regulated open-ended fund vehicle designed for institutional use, providing the legal structure for those fund shares to be recognized as collateral within Abaxx Clearing, subject to regulatory approval. Alta is a Singapore-licensed fund management company, and will serve as fund manager for the VCC structure.
“This partnership with Abaxx Technologies marks a pivotal moment in extending Alta’s fund management capabilities into the cash and collateral space,” said Kelvin Lee, Group CEO, Alta. “Money market funds are highly liquid, short-duration vehicles invested in short-term debt instruments. The Abaxx Alta MMF is built for clearing participants: members holding margin at Abaxx shouldn’t have to choose between liquidity and yield, and by structuring the sub-fund’s units to function as T+0 collateral, we give them both. This works alongside Abaxx’s Digital Title technology, with real-time visibility into the sub-fund’s holdings across all parties providing the transparency required for the units to function as live collateral, something difficult to achieve under traditional settlement timelines. We’re proud to be Abaxx’s first integration partner, and optimistic about what this infrastructure can unlock for institutional markets.”
Initial margin held at the ten leading clearinghouses totaled approximately $915.7 billion at the end of 2024¹. Firms hold trillions more in commodities and securities that are not widely used as collateral, while assets that are in motion often move on T+1 cycles, requiring FCMs to maintain precautionary capital reserves.
Abaxx Digital Title pairs cryptographically secured evidence of ownership with verified identity to convert commodities and securities into high-velocity, yield-bearing T+0 instruments, enabling their use as collateral and supporting a more capital-efficient global trading system. To view a demonstration of Digital Title mobilizing money market fund shares for collateral, visit https://digital-title.abaxx.tech.
¹ Futures Industry Association, Tokenisation: Accelerating the Velocity of Collateral, 2025.
About Abaxx Technologies
Abaxx Technologies is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transition.
In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiaries Abaxx Spot Pte. Ltd. and Adaptive Infrastructure.
Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally-cleared futures contracts, including physically-deliverable and financially-settled products, in LNG, carbon, battery materials, precious metals, and weather-indexed renewables, meeting the commercial needs of today’s commodity markets and establishing the next generation of global benchmarks.
Abaxx Spot modernizes physical gold trading through a physically-backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers, and is designed to support physical delivery for Abaxx Exchange’s physically-deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.
Adaptive Infrastructure closes critical gaps in post-trade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement, and transfer agency services designed to reduce risk and improve reliability across asset classes.
Abaxx Labs is the Company’s center for engaging with the developer community to create the next generation of technology that will build smarter markets through open-source software tools that promote the use of Abaxx’s ID++ technologies.
For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media
For more information about this press release, please contact:
Steve Fray, CFO
Tel: +1 647-490-1590
Media and investor inquiries:
Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech
Cautionary Statement Regarding Forward-Looking Information
This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable United States and Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “purpose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.
In particular, this press release contains forward-looking statements including, without limitation, Abaxx’s objectives and future plans, statements about the development and commercial implementation of Digital Title, Abaxx’s strategy for engaging with commercial partners related to the implementation of Digital Title, receipt of regulatory approvals, anticipated benefits of the commercial implementation of Digital Title to Abaxx and Abaxx’s role in the development of commodities and energy markets. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors and assumptions impacting forward-looking information include, among others: assumptions about the potential market opportunity and commercial adoption of Digital Title; receipt of required regulatory approvals for the implementation of Digital Title; availability of technical resources; market demand for the Company’s products and services; risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: the failure of energy markets and collateral use cases to develop according to the expectations of Abaxx; operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; changes in global weather patterns; changes in the price of commodities, restrictions on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management’s discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.
Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.
SOURCE: Abaxx Technologies Inc.
--BERNAMA
Saturday, May 9, 2026
Xenco Medical Named To TIME100, Wins 2026 Health Impact Award
 |
| Time Magazine has named pioneering medical technology company Xenco Medical as one of the TIME100 Most Influential Companies in the World and the Winner of the 2026 TIME100 Impact Award in Health. |
KUALA LUMPUR, May 4 (Bernama) -- Xenco Medical has been named to the TIME100 Most Influential Companies in the World and the Winner of the 2026 TIME100 Impact Award in Health by Time Magazine.
In a statement, the medical technology company said it was the sole recipient of the health category award this year, recognising its impact on global healthcare.
According to Time Magazine, the TIME100 Most Influential Companies list highlights organisations making an extraordinary impact worldwide, while the TIME100 Impact Awards are presented to a limited number of recipients annually.
The recognition follows Xenco Medical being named the 2025 Medical Device/Diagnostics Company of the Year at the Trailblazer Awards in New York City.
“We are immensely honoured and profoundly humbled to be named the 2026 Winner of the TIME100 Impact in Health Award and a TIME100 Most Influential Company in the World.
“This recognition by TIME has only deepened our commitment to translate the promise of science into a transformative impact on the lives of our patients and their families,” said Xenco Medical Founder and Chief Executive Officer, Jason Haider.
Xenco Medical’s portfolio includes biomimetic implants, regenerative biomaterials, composite polymer surgical systems and software technologies such as artificial intelligence (AI)-enabled remote therapeutic monitoring and preoperative holographic surgical simulation.
Its platform enables surgeons to remotely monitor pain, rehabilitation adherence and motion recovery via AI-driven analytics during the bone remodelling process.
-- BERNAMA
Tuesday, May 5, 2026
Introducing Jumio Watch: Because Identity Risk Doesn’t End at Onboarding
Introducing Jumio Watch: Because Identity Risk Doesn’t End at Onboarding
Early studies show 25% more risk detected after onboarding — risk that is invisible to traditional identity verification
SUNNYVALE, Calif., May 5 (Bernama-BUSINESS WIRE) -- Jumio, the leading provider of AI-powered identity intelligence, today announced the launch of Jumio Watch, a first-of-its-kind continuous identity intelligence offering that fundamentally transforms how organizations understand and manage identity risk. Jumio Watch moves identity verification from a point-in-time decision into a dynamic, continuously evolving intelligence signal.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260430140369/en/
For decades, identity verification has operated on the flawed assumption that a decision made at onboarding remains valid indefinitely. In reality, a user verified today can become a significant fraud risk tomorrow as new patterns, connections and signals emerge that were simply not visible at the moment of original verification. Some users start with legitimate intentions but over time may become money mules or commit other types of first-party fraud.
At the same time, the rapid proliferation of AI is changing the game. Fraudsters are deploying highly sophisticated AI agents to scale their attacks using deepfakes, synthetic identities, and injection techniques (Jumio saw injection attempts increase 700% year over year).
Jumio Watch continuously analyzes identity signals to detect meaningful changes in risk long after verification is complete, with early studies showing up to a 25% increase in risk detection after initial onboarding. When new intelligence indicates that a previously approved verification may now present risk, Jumio customers are proactively alerted to investigate, allowing them to take action after the initial onboarding and verification event, and closing a major gap in traditional identity verification approaches.
"Risk evolves, and so should your identity strategy," said Bala Kumar, president and chief product and technology officer at Jumio. "With Jumio Watch, we are giving our customers something the industry has never offered: not just risk at onboarding, but also the ability to detect risk that only becomes visible over time. Decisions become dynamic instead of static as they are informed by new data, new signals, and broader context."
Jumio Watch is built on the Jumio Identity Graph. Unlike siloed point solutions, the Identity Graph continuously collects and analyzes patterns and connections from tens of millions of legitimate and fraudulent identities across businesses and industries globally — surfacing risk that no single customer environment could detect alone.
This ongoing, cross-customer intelligence is what sets Jumio Watch apart. Fraud patterns identified in one environment sharpen risk assessments across the entire platform, enabling faster, broader detection for every customer. And because the graph is anchored in verified, legitimate identity data, Jumio Watch goes beyond one-time risk assessment and provides ongoing risk assurance, as it continuously reinforces confidence in the decisions that remain sound.
Jumio Watch is designed for the teams on the front lines of identity risk — fraud investigators, compliance analysts, risk leaders, and security teams across financial services, crypto, gaming and marketplace platforms. Capabilities include:
- Post-verification flagging: Verifications that passed at onboarding are continuously reassessed, surfacing fraud that only becomes visible over time.
- Proactive risk alerts: Daily summaries notify fraud and compliance teams of new risk, enabling teams to act quickly before losses occur.
- Portfolio risk management: Continuous reassessment of the full customer base allows teams to minimize losses by acting on risky accounts while focusing growth and engagement efforts on healthy, verified customers.
- Investigation-ready portal views: Detailed alert visibility within the Jumio Portal gives investigators the context they need to assess and respond quickly.
- Flexible access controls: User-level permissions ensure the right people have visibility into alerts and investigation workflows.
"The identity verification industry has focused almost entirely on the moment of onboarding," said Philipp Pointner, chief of digital identity at Jumio. "Jumio Watch makes identity a continuous, intelligent signal powered by a global platform that gets smarter with every verification. This gives organizations the ongoing assurance they need to stay compliant, reduce fraud exposure and make more informed decisions long after day one."
Jumio Watch is available now, with additional capabilities planned throughout 2026 as Jumio continues to expand its continuous identity intelligence offerings. To learn more or schedule a demo, visit jumio.com.
About Jumio
Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio Platform provides AI-powered identity intelligence anchored in biometric authentication, automation and data-driven insights to accurately establish, maintain and reassert trust.
Leveraging powerful automated technology including biometric screening, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps to fight fraud and financial crime, onboard customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions.
Based in Sunnyvale, California, Jumio operates globally with offices and representation in North America, Latin America, Europe, Asia Pacific, and the Middle East, and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.
For more information, please visit www.jumio.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260430140369/en/
Contact
Media Contacts
U.S. Media Contact
Haleigh Kent-Bryant
10Fold Communications
jumio@10fold.com
810-516-5486
APAC Media Contact
Luke Nazir
FINN Partners
Luke.Nazir@finnpartners.com
+65 8139 2504
LATAM Media Contact
Giancarlo Aracena
Sentidos Comunicaciones
giancarlo@sentidoscomunicaciones.com
+56 9 7969 5161
Source : Jumio
Jumio Watch is available now, with additional capabilities planned throughout 2026 as Jumio continues to expand its continuous identity intelligence offerings. To learn more or schedule a demo, visit jumio.com.
About Jumio
Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio Platform provides AI-powered identity intelligence anchored in biometric authentication, automation and data-driven insights to accurately establish, maintain and reassert trust.
Leveraging powerful automated technology including biometric screening, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps to fight fraud and financial crime, onboard customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions.
Based in Sunnyvale, California, Jumio operates globally with offices and representation in North America, Latin America, Europe, Asia Pacific, and the Middle East, and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.
For more information, please visit www.jumio.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260430140369/en/
Contact
Media Contacts
U.S. Media Contact
Haleigh Kent-Bryant
10Fold Communications
jumio@10fold.com
810-516-5486
APAC Media Contact
Luke Nazir
FINN Partners
Luke.Nazir@finnpartners.com
+65 8139 2504
LATAM Media Contact
Giancarlo Aracena
Sentidos Comunicaciones
giancarlo@sentidoscomunicaciones.com
+56 9 7969 5161
Source : Jumio
Sunday, May 3, 2026
MODON SELLS OUT TARA PARK PROJECT, NEARS 2 BLN EMIRATI DIRHAM IN SALES
 |
| Modon announces the sell-out of Tara Park on Reem Island, Abu Dhabi, generating nearing AED 2 billion in sales (Photo: AETOSWire) |
KUALA LUMPUR, May 4 (Bernama) -- Modon, an Abu Dhabi-headquartered international holding company, has announced the sell-out of Tara Park on Reem Island, with the project generating nearly two billion Emirati dirham in sales. (100 Emirati dirham = RM107.65)
The development is located close to Abu Dhabi Global Market (ADGM), reflecting strong investor demand and reinforcing the emirate’s position as a global safe-haven investment destination, according to Modon in a statement.
Modon Holding Group Chief Executive Officer, Bill O’Regan said the project demonstrates sustained market confidence.
“Tara Park further validates Modon’s disciplined, market-driven approach, connecting a prime location and thoughtful placemaking to generate sustainable urban growth and long-term value.
“We continue to see strong demand across the market, which speaks to the confidence that local and international buyers continue to place in Abu Dhabi, particularly for projects where clear attention to quality of life supports future investment potential,” he said.
Tara Park comprises six residential towers with 834 apartments across one-, two-, and three-bedroom layouts that are interlinked by an active podium that connects residents to a wide range of amenities.
Connected to Reem Mall, Tara Park also offers easy access to Fay Park, Sorbonne University Abu Dhabi and Repton School, alongside proximity to Abu Dhabi’s international financial hub, ADGM, The Galleria Mall, and the wider city.
-- BERNAMA
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