Kyriba, a San Diego, California-based cloud treasury and finance solution provider, as per recent reports, has announced its ability to offer real-time payments (RTPs) to joint corporate clients through JP Morgan’s API.
Joint corporate clients to both Kyriba and JP Morgan in the US, are now allowed to send on-demand real-time payments (RTPs) 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,” states Sairam Rangachari, Global Head of Open Banking, 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.”
Adding further, Sairam says, “Together we have launched the next generation of payments technology to truly modernize the payments experience for our joint clients.”
Also speaking on this, Bob Stark, Vice-President of Strategy, Kyriba, explains, “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’s monthly processing figures include over 83 million bank transactions, 30 million payments, and 530 million enterprise resource planning (ERP) client transactions.