Swedish financial technology firm Movitz has entered a partnership with Kinexys by J.P. Morgan to broaden global payee verification services for banks, as financial institutions contend with increasing fraud threats tied to the expansion of cross-border and instant payments. The cooperation has been described as a response to the growing complexity and speed of modern payment flows, which have reduced the time available for detecting suspicious activity.
The arrangement was established through the J.P. Morgan Payments Consultant Implementation Program. Through this framework, banks are expected to gain access to the Kinexys Liink blockchain-based data-sharing network for beneficiary account verification using Movitz’s integration software. The system has been presented as enabling near real-time confirmation of account ownership before a transaction is completed. Industry participants have indicated that this approach is intended to lower the risk of funds being sent to incorrect accounts and to limit fraudulent transfers.
Fraud Pressures Drive Preventive Controls
The announcement has coincided with a broader rise in payment-related fraud across European and international markets. Figures published by European regulatory authorities have shown that payment fraud across the EU and EEA reached 4.2 billion euros in 2024. Analysts have noted that as settlement times become faster, banks face shrinking opportunities to identify mistakes or halt unauthorized transactions. In this environment, preventive mechanisms such as verifying the intended recipient before releasing funds have been viewed as increasingly essential.
Kinexys Liink, managed by Kinexys by J.P. Morgan, has been characterized as a bank-driven, peer-to-peer blockchain network designed for secure information exchange. The network reportedly operates across more than 70 countries, allowing financial institutions to share verification data in a protected manner. Through its Confirm application, the system has been described as supporting the validation of account ownership and related details across different payment channels while maintaining each institution’s control over its own data and privacy standards.
Integration Without System Overhaul
Under the collaboration, Movitz is expected to supply technology that channels verification requests from a bank’s existing payment systems into the Liink network and then returns the responses to the bank’s current workflows. This structure has been outlined as allowing banks to add international verification capabilities without replacing customer-facing platforms or undertaking major system redesigns. Technology observers have suggested that minimizing disruption to existing infrastructure can make adoption more feasible for large institutions.
The timing has been viewed as particularly relevant in Europe, where regulatory changes have increased compliance demands. The European Union’s Instant Payments Regulation has introduced mandatory Verification of Payee requirements for euro credit transfers. Many banks have already adopted such checks for SEPA payments, but extending similar protections to international transactions has often involved multiple systems and regional connections. The Movitz and Kinexys link has been described as aiming to streamline this process through a single network connection that can serve multiple jurisdictions.
A Broader Shift in Payments Security
Kinexys by J.P. Morgan, operating as part of J.P. Morgan Payments, has focused on blockchain-based infrastructure for transferring information and assets. Its Liink network has been positioned as independent of specific payment rails, enabling institutions to share verification data across both domestic and cross-border systems. Market specialists have observed that rail-agnostic solutions can provide flexibility as global payment methods continue to diversify.
With regulators increasing scrutiny on instant payments and fraud losses trending upward, industry analysts have indicated that embedding verification tools directly into banking infrastructure is becoming a key priority. Partnerships that connect verification networks with existing bank systems have been viewed as likely to play a central role in the evolution of payment security. Observers have suggested that as payment ecosystems grow faster and more interconnected, proactive verification measures may become a standard layer of defense in global finance.
