Kyriba Unlocks Access to $15 Trillion Payment Network with Launch of Open API Platform

The Company’s Newly Announced Developer Portal Streamlines Application Development and Access to Thousands of Global Corporates and Banks

San Diego – September 22, 2021 — Kyriba, a global leader in cloud-based finance and IT solutions, today announced the launch of its Open API Platform to accelerate the next generation of finance innovation and enable composable, adaptable and resilient technology solutions for CFOs, Treasurers and IT professionals. Kyriba is also announcing the launch of its developer portal to streamline the creation of new applications for Kyriba’s network comprising of 65 thousand corporate and bank users.

APIs are transforming the way Finance and IT compose, access and consume information. API connectors integrate internal and external systems including artificial intelligence, blockchain, and data-streaming services to deliver the next generation of real-time monitoring, compliance, and analytical tools for CFOs and CIOs. According to Gartner research, close to 50 percent of financial leaders will incorporate a “composable financial management system” by 2024 “to deliver capabilities and outcomes that keep up with the rapid pace of business change¹.”

“Kyriba’s Open API Platform accelerates innovation for CFOs and CIOs, eliminating the need for internal IT teams to deliver a patchwork of custom interfaces and RPA bots to satisfy the growing need for hyperautomation,” said Félix Grévy, VP of Open API and Connectivity at Kyriba. “Our Open API Platform enables Kyriba clients and our network of development partners to connect data, real-time processes and deliver composable technology solutions.”

Kyriba’s newly launched developer portal directly connects FinTech developers to thousands of Kyriba’s global corporate clients and banks who have embedded Kyriba solutions into their treasury systems, payments solutions, and ERP platforms. Kyriba’s mature and trusted network connects to 1,000 banks, manages over a million bank accounts, and processes over 1 trillion USD in monthly payments volume. The Kyriba Developer Portal streamlines the ideation and go to market for FinTech developers seeking new markets for CFO, payments, and treasury focused apps.

“Kyriba has made it easier for developers to create new apps that unlock the potential of FinTech innovations, making new products, services, and data connectors more readily available to our network,” said Bob Stark, Global Head of Market Strategy at Kyriba. Our API strategy gives CFOs the innovation needed to drive the next generation of digital transformation.”

For more information about Kyriba Open API, see Kyriba.com or Kyriba Developer Portal.

About Kyriba:
Kyriba empowers CFOs, Treasurers, and their IT counterparts to transform how they optimize financial technology solutions, de-risk ERP cloud migration, and activate liquidity as a dynamic, real-time vehicle for growth and value creation. With 2,000 clients worldwide, including 25 percent of Fortune 500 and Eurostoxx 50 companies, Kyriba’s pioneering Connectivity as a Service platform integrates internal applications for treasury, risk, payments and working capital with vital external sources such as banks, ERPs, trading platforms, and market data providers. As part of our Connectivity Platform, Kyriba manages more than 1.3 billion bank transactions per year, and 200 million payments into 140 countries annually.

Kyriba is a secure, scalable SaaS platform that leverages artificial intelligence, automates payments workflows, and enables thousands of multinational corporations and banks to maximize growth opportunities, protect against loss from fraud and financial risk, and reduce operational costs. Kyriba is headquartered in San Diego, with offices in Dubai, Frankfurt, London, Minsk, Paris, Shanghai, Singapore, Tokyo, Warsaw and other major locations. For more information, visit
www.kyriba.com.

¹ Gartner Identifies the Top Technology Trends That CFOs Should Address Today

Media Contacts:

Corporate
Daniel Shaffer, [email protected], +1 760-402-6411

EMEA
Carolyn Peyrat, [email protected], +33633372920