PhotonPay wins the Adam Smith Award for its innovative foreign exchange solutions, reshaping the global forex management landscape

The AI-driven global digital financial infrastructure platform PhotonPay has stood out among numerous international entries in the 2025 Asia Adam Smith Awards, winning the "Best Foreign Exchange Solution" recommendation award. This internationally authoritative award not only reflects the judging committee's high recognition of PhotonPay's technological strength in foreign currency management and global payments, but also marks a solid step forward for the company on the path of global fintech innovation.

As its business continues to expand, the original operational model relying on multiple bank accounts has gradually revealed issues in efficiency and risk management. The decentralized account structure made it difficult to centrally allocate liquidity and lacked real-time connectivity with global foreign exchange markets. Under the constraints of traditional bank cut-off times, if there was a need for foreign exchange transactions at night, the treasury team could not execute trades immediately and had to postpone them to the next day, resulting in forced exposure to foreign exchange risk. In addition, urgent cross-time-zone transfers and daily fund management still relied heavily on manual intervention, with employees having to work overtime repeatedly to meet the global clients' fund flow needs, and clients' cross-currency settlements inevitably faced T+1 or T+2 delays. Facing multiple pressures of cost, efficiency, and risk control, PhotonPay urgently needed a foundational financial infrastructure that could achieve round-the-clock automated fund scheduling and foreign exchange processing without large-scale technical transformation, in order to maintain its competitive advantage in the global payments industry.

As one of the first blockchain foreign exchange solutions launched by major international banks in the industry, Kinexys is based on distributed ledger technology and provides enterprises with instant liquidity and on-chain foreign exchange capabilities through blockchain deposit accounts (BDAs), enabling cross-border and cross-currency fund transfers to be completed in about 90 seconds, significantly shortening the original T+1 or T+2 settlement cycle. The system covers nine major global operating locations and five mainstream currencies, meeting the vast majority of daily foreign exchange needs, while extending the processing window by about eight hours beyond traditional bank cut-off times, effectively breaking through the time limitations of financial infrastructure.

More importantly, this solution introduces programmable payment functions, allowing fund allocation and management operations to be automatically executed according to preset rules and liquidity thresholds, even during holidays without manual calculation or pre-funding. After the system went live, PhotonPay's treasury management team experienced a significant change in their working model. Tasks that previously required a lot of time, such as handling urgent cross-time-zone transfers, manually monitoring foreign exchange exposure, and constantly calculating daily repayment needs, are now mostly handled by automated systems. The team has been freed from repetitive transactional work, allowing them to focus more on customer service, product innovation, and the strategic management of global liquidity, greatly enhancing the resilience and efficiency of fund operations.

PhotonPay stated that its cooperation with JPMorgan Kinexys has further strengthened its foundational infrastructure capabilities in the process of globalization, enabling it to provide services to global clients more stably and agilely. In the future, PhotonPay will continue to increase investment in both technology and compliance, building a more efficient, secure, and scalable payment and fund management network for global enterprises.