22nd May 2019 – 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.
