Movitz taps Kinexys to bring blockchain payee checks to banks

Swedish FinTech Movitz has partnered with Kinexys by J.P. Morgan to extend global payee verification capabilities to banks, as financial institutions face mounting fraud risks linked to the growth of cross-border and instant payments.

The collaboration, formed under the J.P. Morgan Payments Consultant Implementation Program, will enable banks to access Kinexys Liink’s blockchain-based data-sharing network for beneficiary account verification through Movitz’s software integration layer. The solution is designed to provide near real-time validation of account ownership before payments are executed, aiming to reduce misdirected payments and fraud.

The announcement comes amid rising payment fraud across Europe and beyond. According to data from the European Central Bank and the European Banking Authority, total payment fraud across the EU/EEA reached €4.2 billion in 2024. As settlement speeds accelerate, institutions face narrower windows to detect errors or intercept fraudulent transactions, making preventive controls such as payee verification increasingly critical.

Kinexys Liink, operated by Kinexys by J.P. Morgan, is a bank-led, peer-to-peer blockchain-based information exchange network that supports secure data sharing across more than 70 countries. Through its Confirm application, the network enables validation of account ownership and related data elements across payment rails while preserving institutional data sovereignty and privacy.

Under the partnership, Movitz will provide software that routes payee verification requests from banks’ existing payment channels into the Liink network and returns responses directly into their current workflows. The structure is intended to allow institutions to integrate global verification capabilities without replacing or significantly reconfiguring customer-facing systems.

The timing is notable in Europe, where the European Union’s Instant Payments Regulation has made Verification of Payee (VoP) a mandatory control for euro credit transfers. While many banks have implemented VoP for SEPA credit transfers, extending similar safeguards to international payments has often required multiple integrations across jurisdictions. The Movitz–Kinexys integration seeks to consolidate those efforts through a single network connection.

Kinexys by J.P. Morgan, a division of J.P. Morgan Payments, focuses on blockchain-based infrastructure for information and asset transfer. Its Liink network is positioned as payment rail-agnostic, enabling institutions to exchange verification data across domestic and cross-border payment systems.

As regulators tighten controls around instant payments and fraud losses continue to climb, partnerships that embed verification into existing banking infrastructure are likely to become a central feature of the payments technology landscape.