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
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 financial leaders and their teams with award-winning
solutions for cash and risk management, payments and working capital
optimization. Kyriba delivers a highly secure, 100% SaaS enterprise
platform, superior bank connectivity and a seamlessly integrated
solution set for tackling today’s most complex financial challenges.
Thousands of companies, including many of the world’s
largest organizations, rely on Kyriba to streamline key processes,
protect against loss from fraud and financial risk, and accelerate
growth opportunities through improved decision support. Kyriba is
headquartered in San Diego, with offices in New York, Paris, London,
Tokyo, Dubai and other major locations. For more information, visit www.kyriba.com.
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.