Kyriba Launches Real-Time Payments Integration through J.P. Morgan API
Kyriba is the First Treasury Platform to Offer Real-time Payments through J.P. Morgan to Corporate Clients
May 22, 2019 (SAN DIEGO, CA) – Kyriba, the global leader in cloud treasury and finance solutions, today announced the launch of a new service through J.P. Morgan’s API (application programming interface) that allows Kyriba clients that are also J.P. Morgan clients to send real-time payments in the U.S. through The Clearing House’s RTP® network. This is the latest for Kyriba’s growing connectivity options that bridge global financial systems, empowering finance executives to more efficiently mobilize their global cash and liquidity.
“Kyriba’s vision to broaden the payment choices available to corporate CFOs and treasurers aligns with J.P. Morgan’s open banking initiatives. Our clients value the option to transmit real-time payments, and the API integration we have implemented with Kyriba enables these payments to be processed and confirmed within seconds,” said Sairam Rangachari, global head of Open Banking at J.P. Morgan. “Together we have launched the next generation of payments technology to truly modernize the payments experience for our joint clients.”
Real-time payments (RTP) is a game changer for many corporate finance teams who require more choices in how they send payments. In addition to the faster payment transmission and acknowledgement, real-time payments on The Clearing House’s RTP® network can be sent on-demand, simplifying the reconciliation and back office application of payments as compared to managing batch files.
“Our API integration with J.P. Morgan means Kyriba is the first treasury management provider and first payments hub solution to offer real-time payments to J.P. Morgan corporate customers,” said Bob Stark, vice president of strategy for Kyriba. “The speed and frictionless experience that the integration with J.P. Morgan offers is a breakthrough for our clients who want to extend real-time payment automation to their ERP and treasury systems.”
Kyriba is a leader in payments and bank connectivity, processing more than 83 million bank transactions, 30 million payments and 530 million ERP transactions on behalf of its clients each month.
About Kyriba Corp.
Kyriba empowers CFOs, Treasurers and their IT counterparts to transform liquidity as a dynamic, real-time vehicle for growth and value creation. 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, protect against loss from fraud and financial risk and reduce operational costs. For more than 2,500 clients worldwide, including 25% of Fortune 500 and Euro Stoxx 50 companies, Kyriba manages more than 1.3 billion bank transactions per year, and 250 million payments for a total value of $15 Trillion annually. Kyriba is headquartered in San Diego, with offices globally.
About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $24 trillion of assets under custody and $444 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.