J . P . Morgan utilises a full arsenal of technology , including on-blockchain data exchanges
When Christine ( Jang ) Tan talks to us from her office in Singapore , she has just returned from Sibos – the landmark financial conference held in Amsterdam . It ’ s a major event for J . P . Morgan . Indeed , several of the company ’ s executives participated in panel discussions and debates at the conference , held in person for the first time in three years .
J . P . Morgan showcased Confirm powered by LIINK , a global account validation service designed to enhance the efficiency of crossborder payments . Confirm runs on the ONYX platform , the firm ’ s blockchain division . Confirm is the world ’ s first bank-led , production-grade , peer-to-peer blockchain network that has the ability to verify over 2bn bank accounts from over 3,500 financial institutions 1 , 2 .
“ We are propelling solutions that address the demands of customers globally – that means they need to be agile , nimble and frictionless ,” says Jang . “ We have that ability , as we can leverage global infrastructure and incorporate local best practices to our solutions , customising them to the specific client and industry segments , including strategic partnerships to enable an endto-end payments ecosystem . We also featured our cross-currency proposition customised for banks , fintechs , corporates , and non-bank FIs .”
1
Expected estimates on number of institutions , number of accounts and number of corridors on Confirm are calculated based on projections from market research and incoming clients in Confirm ’ s pipeline and are subject to change . 2 All estimates on number of institutions , number of accounts and number of corridors include Example of data from J . P . Morgan as a Responder and Inquirer on an Confirm image . caption
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