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 BICE
  • Banco Bisa
  • Banco Bradesco S.A.
  • Banco Davivienda S.A.
  • Banco de Crédito del Perú
  • Banco de Galicia y Buenos Aires
  • Banco Industrial
  • Banco Mercantil del Norte
  • Banco Mercantil Santa Cruz
  • Banco Nacional de Bolivia
  • Banco Popular Dominicano
  • Banco Regional
  • Banreservas
  • Bank of Montreal
  • Creditcorp Bank
  • Daycoval
  • Itau Unibanco
  • 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 Polska Kasa Opieki S.A.
  • Bankia
  • Bankinter
  • Banque Internationale de Commerce - BRED (Suisse) SA
  • Banque Thaler SA
  • Caixabank
  • CBH Compagnie Bancaire Helvétique S.A.
  • CIM Banque S.A Geneve
  • Cooperatieve Rabobank U.A.
  • Credit Agricole S.A.
  • Danske Bank
  • Norddeutsche Landesbank Girozentrale
  • Nordea
  • PKO Bank Polski S.A.
  • Privatbank IHAG Zurich AG
  • Reyl & Cie SA
  • 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*
  • BRAC Bank Limited
  • China CITIC Bank International Limited
  • China Guangfa 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
  • 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
  • Shinhan Bank
  • Sumitomo Mitsui Banking Corporation
  • Taipei Star Bank
  • 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
  • Allied Bank Limited
  • Bank ABC (Arab Banking Corporation B.S.C.)
  • Bank Al Habib Limited
  • Bank Alfalah Limited
  • Bank Muscat
  • 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.
  • Soneri Bank Limited
  • Turkiye Finans Katilim Bankasi A.S
  • Turkiye Vakiflar Bankasi T.A.O.

This list was last updated November 8, 2018.
*Denotes 2017 pilot clients
**Four banks are not listed due to marketing restrictions

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