Kinexys by J.P. Morgan & EBANX:
Enabling Near-Instant, Frictionless, 24/7 Cross-Border Internal Fund Movement for Global Payments at Scale
- The Challenge: EBANX processes millions of daily payments for global brands across 25+ markets, but traditional banking workflows have 24+ hour settlement delays, cut-off time constraints, and liquidity forecasting complexity across multiple time zones.
- The Kinexys Solution: Blockchain Deposit Accounts (BDA) enabled EBANX to compress transfer funds from 24+ hours to minutes, eliminate intermediary dependencies, and gain real-time visibility into cross-border fund flows-operating 24/7/365* outside traditional banking constraints.
- Immediate Impact: Fund movements in minutes, not days allowed the EBANX treasury team to optimize liquidity with precision, automatically reconcile transactions and accelerate merchant payouts regardless of time zone or banking hours. These outcomes result in reduced FX risk exposure, increased transactional capacity with more free capital, and faster market expansion capabilities.
- Scale & Reliability: Built on J.P. Morgan's regulated, enterprise-grade infrastructure, Kinexys handles high-volume daily transfer movement across multiple currency markets while maintaining institutional security and compliance standards.
- Strategic Foundation for Growth: EBANX’s Treasury team can now build predictive analytics from real-time data and explore programmable fund transfers to further automate treasury operations -demonstrating how blockchain infrastructure enables continuous innovation – and allows EBANX to move at the speed of opportunity.
* Transfers on the network are completed on a 24/7/365 and same day basis. Moving funds to and from the network from traditional Demand Deposit Accounts on legacy systems to Blockchain Deposit Accounts has a three-hour downtime over the weekend (3-6 p.m. EST every Saturday.) Enhancement is under development.