In the dynamic world of banking, staying relevant and meeting the evolving needs of customers and partners is paramount. Banks are often faced with challenges and hurdles, like managing intricate networks of accounts and providers, time-consuming manual operational tasks and transparency in FX rate options.

We understand that when it comes to achieving more streamlined and cost-effective cross-border payments, things can become complex, especially when there is a cross-currency component involved.

Leveraging our position as The World's Best FX Market Maker, we have developed Xpedite—our cross-currency solution with a “plug and play” infrastructure.³ It enables banks to offer their clients new products and capture new revenue streams, along with helping them navigate the complexities of local markets, dealing with liquidity management and the risk of opening accounts in multiple currencies. Xpedite also allows clients to take advantage of multiple payout rails, including ACH and real-time payments, where available.

Capture new revenue streams with Xpedite

Recognizing that one of the prime objectives of a bank is to provide streamlined, quick, safe and cost-effective cross-border payments with FX capabilities, J.P. Morgan worked to develop an end-to-end solution.

Experience enhanced operational efficiency

We know that efficiency is at the heart of successful bank management. Xpedite allows you to make and receive cross-currency payments from one account fast. It leverages automated platforms and streamlined integration capabilities—helping to secure, simplify and harmonize processes through existing channels, including SWIFT, APIs and J.P. Morgan Access®.

Using existing channels means no added programming or complexity for your system. You use just one account to send and receive payments in more than 120 currencies across 200+ countries and territories.^1,2 The result: an efficient, transparent solution that helps you enhance operational productivity and free up valuable resources.

Speed of settlement

True to its name, Xpedite helps banks navigate the world of cross-border payments and FX transactions quickly and easily, reducing settlement friction across extended currencies.

Plus, by using just one account to send and receive payments, we deal with all of the complexity—so you don’t have to.⁵ We handle the FX and payment settling, allowing you to focus on your customers.

How it works

1. J.P. Morgan generates FX rates and sends to your bank. Rates are held and valid for a pre-agreed period
2. Bank submits instructions to J.P. Morgan instructing to pay local currency
3. J.P. Morgan performs FX conversion at pre-agreed FX rate and effects payment in local currency, using wires, ACH or real-time payment rails

Access transparent exchange rates

Ensuring visibility and accuracy in international exchange rates is key for a bank. With access to accurate and up-to-date currency exchange rates, determined through intelligent data, in-country analysis and industry-wide assessment, cross-border transactions can be vastly improved. Xpedite also lets you tap into benchmark rates that can be used to provide transparency to customers on exchange rates and how they compare to benchmark rates.

Mitigate risk and ensure payment precision

Today, FX volatility can pose significant risks for a bank and its clients. Therefore, equipping your business with the powerful tools needed to help mitigate currency risks effectively is important.

With advanced analytics and skillful insights, you can help protect your bottom line and navigate volatile markets with confidence. Xpedite helps strengthen risk management. This gives you the ability to proactively mitigate currency risk. We also understand that one size doesn’t fit all—by taking advantage of tailored solutions, you are able to better serve your clients.

Deliver trust through certainty

In an era of increasing regulatory scrutiny, trust is critical for banks and their clients. In order to maintain the integrity of cross-currency transactions—while ensuring payments are executed at appropriate exchange rates—it is important to adopt stringent compliance and robust security measures.

Our commitment to compliance and security allows you to instill confidence in your clients, fostering long-term relationships built on trust and reliability.

Strengthen global markets and liquidity pools

Expanding market reach and accessing sufficient liquidity pools are also primary considerations for banks operating in the international arena. With a wide range of available funding currencies and competitive pricing at your fingertips, you can cater to the diverse and growing needs of your clients, unlock new opportunities, strengthen market position and help drive client activity with a more seamless cross-border payment experience.

In a rapidly evolving financial landscape, delivering exceptional cross-currency payment services keeps banks competitive and meets the needs of their clients. By working with us, you can gain access to advanced technology, robust risk management tools, a trusted platform, global market coverage and collaborative support.

Together, we can create a thriving ecosystem that expands your capabilities, grows your cross-currency footprint and helps you rethink what payments can do for you.