PhotonPay won the Adam Smith Award for its innovative foreign exchange solutions, reshaping the global foreign exchange 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 recognized award not only reflects the jury's high recognition of PhotonPay's technical strength in foreign currency management and global payment, but also marks a solid step forward for the company in the path of global fintech innovation.

As the business continues to expand, the original operational model relying on a multi-bank account system has gradually exposed issues in efficiency and risk management. The decentralized account structure has made it difficult to concentrate liquidity and lacks the ability for instant connection with the global foreign exchange market. Under the constraints of traditional bank cut-off times, when there is a need for foreign exchange at night, the funding team cannot execute transactions immediately and can only defer to the next day, leading to forced exposure of foreign exchange positions. Additionally, urgent cross-timezone transfers and daily fund management still rely heavily on manual intervention, requiring employees to repeatedly work overtime to meet the fund flow needs of global clients, and cross-currency settlements for clients cannot avoid T+1 or T+2 delays. Faced with multiple pressures of cost, efficiency, and risk control, PhotonPay urgently needs a foundational financial infrastructure that can achieve round-the-clock automated fund scheduling and foreign exchange processing without large-scale technological transformation, in order to maintain a competitive advantage in the global payment industry.

As one of the first blockchain foreign exchange solutions launched by international large banks, Kinexys is based on distributed ledger technology, providing enterprises with instant liquidity and on-chain foreign exchange capabilities through blockchain deposit accounts (BDAs), allowing 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 operational locations worldwide 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, which can automatically execute fund transfers and management operations based on preset rules and liquidity thresholds, even during holidays without manual calculations or pre-deposited funds. After the system went live, the work mode of PhotonPay's fund management team underwent significant changes. Tasks that previously required a lot of time to handle urgent cross-timezone transfers, manually monitor foreign exchange positions, and continuously calculate daily repayment needs are now largely completed by the automated system. 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, significantly enhancing the resilience and efficiency of fund operations.

PhotonPay stated that the collaboration with JPMorgan Kinexys has further solidified the foundational infrastructure capabilities of the company in its 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 to build a more efficient, safer, and scalable payment and fund management network for global enterprises.