back Back

Kyriba and J.P. Morgan Payments launch new real-time treasury solution

By Edlyn Cardoza

December 01, 2022

  • API
  • Cloud-based Finance
  • Hunt Companies
Share

Kyriba, Cloud-based Finance, J.P. Morgan Payments, Real-time Treasury Solution, API, Real-time Cash Visibility, Hunt Companies, Real Time Payments, USAKyriba, a global leader of cloud-based finance and IT solutions, and J.P. Morgan Payments announced a new real-time treasury solution with a new API that delivers real-time cash visibility and bank reporting, which will be made available to their mutual clients.

“We are excited to deliver real-time payments and bank reporting through a deep integration with J.P. Morgan Payments,” said Bob Stark, Global Head of Market Strategy at Kyriba. “The new API integration empowers our mutual clients with real-time treasury and rapid decision support to improve financial resilience through accelerated investments, reduced borrowing and more effective hedging.”

Using J.P. Morgan’s open banking API capabilities, the end-to-end process automation enhances existing API-based connectivity and enables more frequent data retrieval and status updates to power real-time decision-making on investing cash balances. A mutual client, Hunt Companies, has already gained efficiencies and value from having these enhanced capabilities.

“Modern financial controls, instant cash positioning and enterprise-wide liquidity management are table stakes for international corporations,” said Santiago Alcaraz, Head of Partnership & Integrations at J.P. Morgan Payments Digital Channels. “We’re thrilled to be working with Kyriba to unlock value for our mutual treasury clients. Using this solution, early adopters can leap ahead with real-time treasury technology as they navigate increased volatility and fragmented processes.”

Hunt Companies increased the volume of real time payments by 375% month-over-month using the Kyriba and J.P. Morgan payments solutions. The company made significant savings on wire transfer fees, reducing the cost by 83%, and Hunt has gained instant transaction reporting through the API for real-time cash positioning.

“Hunt Companies is moving to real-time capabilities for its Treasury to create greater cost efficiencies and investment opportunities,” said David Miller, Treasurer & Sr. Vice President, Hunt Companies. “I am pleased to take payments to the next level with Hunt Companies, Kyriba and J.P. Morgan Payments. Savings on bank fees from real-time payments, and improved remittance information benefits every business line across the organization.”

“Hunt Companies’ early adoption of Kyriba and J.P. Morgan Payments’ solution marks a critical moment for innovation in payments as the daily RTP® payment limit reached $1 million,” said Felix Grevy, Head of Connectivity and Open API at Kyriba. “API driven real-time payments are unlocking value for finance leaders, adding transparency, efficiency and cost savings to the cash lifecycle.”

Previous Article

December 01, 2022

MidChains announces partnership with Al Maryah Community Bank

Read More
Next Article

December 02, 2022

Paynt unveils new business funding solution for merchants

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

API

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

JTL-Software and Mollie partner on e-commerce payments

Read More

Today

Slope raises $65m in equity and debt funding from J.P. Morgan & others

Read More

July 17, 2024

SWiM PAY launches new instant digital payments feature

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024