Kyriba is first treasury platform to offer corporates RTP through JP Morgan
San Diego-based cloud treasury and finance solution provider Kyriba can now offer real-time payments (RTP) to joint corporate clients through JP Morgan’s API, reports Jane Connolly.
Kyriba clients that are also JP Morgan clients can send on-demand real-time payments in the US via The Clearing House’s RTP network.
“Kyriba’s vision to broaden the payment choices available to corporate CFOs and treasurers aligns with JP Morgan’s open banking initiatives,” says Sairam Rangachari, global head of open banking at JP Morgan. “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 in seconds.”
He adds: “Together we have launched the next generation of payments technology to truly modernise the payments experience for our joint clients.”
Bob Stark, vice-president of strategy for Kyriba, says: “Our API integration with JP Morgan means Kyriba is the first treasury management provider and first payments hub solution to offer real-time payments to JP Morgan corporate customers.
“The speed and frictionless experience that the integration with JP Morgan offers is a breakthrough for our clients who want to extend real-time payment automation to their ERP and treasury systems.”
Kyriba processes more than 83 million bank transactions, 30 million payments and 530 million enterprise resource planning (ERP) transactions for its clients every month.