Largest Number of Banks to Join J.P. Morgan
Interbank Information Network

Having launched as a pilot in 2017, J.P. Morgan’s Interbank Information Network (IINSM) is the firm’s first scalable, peer-to-peer network powered by blockchain technology. From minimizing friction in the cross-border payments process to enabling payments to reach beneficiaries faster and with fewer steps, IIN serves to address the longstanding challenges of interbank information–sharing.

Powered by Quorum®, a permissioned-variant of the Ethereum blockchain, developed by J.P. Morgan, IIN allows member banks to exchange information in real-time as a way to verify that a payment has been approved.


“The more banks that join the network, the more dramatic the reduction in payment delays," said John Hunter, Head of Global Clearing for Treasury Services. "As the network scales, our clients' payments will be processed faster with less operational expense.”

"Historically, correspondent banks communicate one-way, bank-to-bank, but we have transformed their interaction," said Suresh Shetty, Blockchain Technology Lead for IIN. "When a payment detail is flagged for confirmation, different parties can interact simultaneously, requesting and sharing information."

With an extensive network of banks**, IIN continues to grow and evolve into a robust ecosystem. As part of a larger initiative to drive an enhanced digital experience for clients, IIN has drawn significant interest among correspondent banks after the pilot launched in 2017. The expansion of IIN demonstrates the firm's leadership in developing blockchain technology at scale and commitment to creating solutions tailored to clients’ needs.

The expanded network of banks will facilitate global cross-border payments in every major market, including Latin America, Asia, Europe, the Middle East and Africa.

The full list of IIN banks includes:

Americas
  • Banca Mifel
  • Banco Aliado
  • Banco BICE
  • Banco BCT SA
  • Banco Bisa
  • Banco Bradesco S.A.
  • Banco CMF S.A.
  • Banco Davivienda S.A.
  • Banco Daycoval S.A.
  • Banco de Crédito del Perú
  • Banco de Galicia y Buenos Aires
  • Banco Ganadero
  • Banco General
  • Banco Industrial
  • Banco Lafise
  • Banco Mercantil Santa Cruz
  • Banco Nacional de Bolivia
  • Banco Nacional de Costa Rica
  • Banco Popular Dominicano
  • Banco Regional
  • Banco Security
  • Banorte
  • Banreservas
  • Bank of Montreal
  • BCT Bank International
  • Credicorp Bank
  • Ficohsa
  • First Tennessee Bank
  • Global Bank Corporation
  • Itau Unibanco S.A.
  • JPMorgan Chase
  • National Bank of Canada
  • Republic Bank
  • Royal Bank of Canada*
  • The Toronto-Dominion Bank

Europe
  • Alior Bank SA
  • Allied Irish Bank
  • Banco de Investiment Global, S.A.
  • Banco de Sabadell
  • Banco Santander
  • Bank Hapoalim B.M.
  • Bank Leumi Le-Israel B.M
  • Bank Polska Kasa Opieki S.A.
  • Bankia
  • Bankinter
  • Banque Internationale de Commerce - BRED (Suisse) SA
  • Banque Thaler SA
  • Bayerische Landesbank
  • Caixabank
  • CBH Compagnie Bancaire Helvétique S.A.
  • CIM Banque S.A Geneve
  • Cooperatieve Rabobank U.A.
  • Credit Agricole S.A.
  • Danske Bank
  • Gonet & Cie SA
  • Helaba -Landesbank Hessen -Thuringen
  • Israel Discount Bank Limited
  • Nationwide Building Society
  • Norddeutsche Landesbank Girozentrale
  • Nordea
  • PKO Bank Polski S.A.
  • Privatbank IHAG Zurich AG
  • Reyl & Cie SA
  • Skandinaviska Enskilda Banken
  • Société Générale
  • The First International Bank of Israel Ltd
  • UniCredit (through its subsidiary UniCredit Bank Austria)
Asia-Pacific
  • Australia and New Zealand Banking Group Limited*
  • Axis Bank Limited
  • Bank of Dalian Co., Ltd
  • Bank of Nanjing
  • BRAC Bank Limited
  • China CITIC Bank International Limited
  • China Guangfa Bank
  • China Zheshang Bank
  • Chong Hing Bank Limited
  • Eastern Bank Limited
  • Ho Chi Minh City Development Joint Stock Commercial Bank
  • ICICI Bank Limited
  • Indovina Bank Ltd
  • Industrial Bank Co., Ltd
  • Joint Stock Commercial Bank for Investment and Development of Vietnam
  • KASIKORNBANK Public Company Limited
  • KEB Hana Bank
  • Military Commercial Joint Stock Bank
  • Mizuho Bank, Ltd.
  • MUFG Bank, Ltd.
  • Nanyang Commercial Bank (China), Limited
  • National Australia Bank Limited
  • NongHyup Bank
  • Prime Bank Limited
  • PT Bank Central Asia Tbk
  • PT Bank CIMB Niaga Tbk
  • PT Bank Negara Indonesia (Persero) Tbk
  • Resona Bank, Ltd.
  • Rizal Commercial Banking Corporation
  • Shanghai Rural Commercial Bank
  • Shinhan Bank
  • Sumitomo Mitsui Banking Corporation
  • Taipei Star Bank
  • Taishin International Bank Co., Ltd
  • Union Bank Of The Philippines
  • Vietnam Joint Stock Commercial Bank for Industry and Trade
  • Westpac Banking Corporation
  • Woori Bank
Central & Eastern Europe, Middle East and Africa
  • Al Rajhi Banking & Investment Corporation
  • Alawwal Bank
  • Alfa Bank Joint Stock Company
  • Allied Bank Limited
  • Arab Jordan Investment Bank
  • Bank ABC (Arab Banking Corporation B.S.C.)
  • Bank Al Habib Limited
  • Bank Alfalah Limited
  • Bank Muscat
  • Bank of Sharjah
  • Barclays Bank Tanzania Limited
  • Barclays Bank Zambia PLC
  • Cairo Amman Bank PLC
  • Commercial Bank of Africa Limited
  • Commercial International Bank (Egypt) S.A.E
  • Credit Libanais SAL
  • DenizBank A.S.
  • Gazprombank
  • Habib Metropolitan Bank Limited
  • The Housing Bank of Trade and Finance – Algeria
  • Joint-Stock Company BCS-Investment Bank
  • JS Bank Limited
  • KCB Bank Kenya Limited
  • Kuveyt Turk Katilim Bankasi A.S.
  • Kuwait Finance House
  • MauBank Limited
  • National Bank of Kenya Limited
  • National Bank of Kuwait S.A.K.P.
  • Odea Bank Anonim Sirketi
  • Soneri Bank Limited
  • Turkiye Finans Katilim Bankasi A.S
  • Turkiye Vakiflar Bankasi T.A.O.

This list was last updated December 14, 2018.
*Denotes 2017 pilot clients
**Nine banks are not listed due to marketing restrictions

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