Cloud-based treasury management outfit Kyriba is tapping JPMorgan's API to enable shared clients to send real-time payments in the US.
The API integration gives Kyriba's users access to The Clearing House’s RTP network, providing corporate finance teams with more choices on how they send payments.
Kyriba says that the option not only ensures faster payment transmission and acknowledgement but also an on-demand aspect that simplifies the reconciliation and back office application of payments.
Sairam Rangachari, global head, Open Banking, JPMorgan, says: "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."