Amsterdam, May 18th, 2020. Dutch startup Satellite Moving Devices Group (SMD Group), a Fintech and Artificial Intelligence company, today announced it has joined NVIDIA Inception, a program designed to nurture startups revolutionizing industries with advancements in AI and data sciences. With its intelligent global financial infrastructure solution paywith.glass, SMD Group is focused on empowering billions of people to transact instantly, with currency fluidity, from anywhere on Earth, at any time.
Despite their well polished interfaces, today’s instant payments and mobile money apps and services, still rely on slow, inefficient, obsolete and error-prone underlying settlement infrastructure to actually move funds. Even though they all sit on the same foundations, most of these payments apps remain directly incompatible with each other and still leave vast global markets as unsupported as they were, a century ago.
In contrast, today’s telecommunications landscape looks decidedly different from that of the early twentieth century and these changes have not only impacted the world’s collective ability to communicate but have profoundly and irrevocably altered its habits and cultures.
paywith.glass believes that the future of finance, payments and money will not be about currency, it will be instead about an intelligent network that best moves value, regardless of currency used. In this currency fluid future, the unrestricted freedom to change a store of value in real-time whether on demand, or as a transparent automatic function of any financial transaction, will become just as ubiquitous as Wi-Fi is today. By changing the world’s habits, just as the telecommunications industry has done before, we would have accomplished the first step in our mission to usher in the age of global financial inclusion.
Paul Sisnett, CEO of Satellite Moving Devices Group, commented: “paywith.glass is an intelligent network that represents our contribution to the Second Financial Revolution, demonstrating our interpretation of the financial services model in a currency-fluid era. We are exceptionally pleased to be joining the NVIDIA Inception program, an institution that is collaborating to improve AI and ML across so many industries, including our own.”
NVIDIA Inception will allow SMD Group to better collaborate with thousands of cutting-edge fintech, artificial intelligence and machine learning startups, leverage industry-leading expertise, go-to-market support and the cutting edge hardware technologies vital to its infrastructure. The program will also offer SMD Group the opportunity to collaborate with leading ML and AI-driven incumbent organizations.
NVIDIA’s Inception program is a virtual accelerator program that helps startups during critical stages of product development, prototyping and deployment. Every Inception member gets a custom set of ongoing benefits, from NVIDIA Deep Learning Institute (DLI) credits, marketing support and preferred pricing on technology, enabling early-stage startups with fundamental tools to help them grow.
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