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

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.

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

As business continues to expand, the original operational model relying on multiple bank accounts has gradually exposed issues in efficiency and risk management. The decentralized account structure makes it difficult to centrally allocate liquidity and lacks real-time connectivity to global forex markets. Under the constraints of traditional bank cut-off times, if there is a need for foreign exchange transactions at night, the funds team cannot execute trades immediately and must postpone processing until the next day, resulting in forced exposure to forex risk.

In addition, urgent cross-time-zone transfers and daily fund management still rely heavily on manual intervention, with employees repeatedly working overtime to meet global clients’ fund transfer needs, and clients’ cross-currency settlements inevitably facing T+1 or T+2 delays. Facing multiple pressures of cost, efficiency, and risk control, PhotonPay urgently needed a foundational financial infrastructure that could realize 24/7 automated fund scheduling and forex processing without large-scale technical transformation, in order to maintain its competitive advantage in the global payments industry.

As one of the first blockchain forex solutions launched by major international banks, Kinexys is based on distributed ledger technology and provides enterprises with instant liquidity and on-chain forex capabilities through blockchain deposit accounts (BDAs), enabling cross-border, cross-currency fund transfers to be completed in about 90 seconds, significantly shortening the original T+1 or T+2 settlement cycles. The system covers nine major global operating locations and five mainstream currencies, meeting the vast majority of daily forex 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, which can automatically execute fund transfers and management operations according to preset rules and liquidity thresholds, even during holidays, without the need for manual calculations or pre-funding. After the system went live, PhotonPay’s fund 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 forex 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 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 the company’s foundational infrastructure capabilities in the globalization process, 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.