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Trimont Taps JPMorgan’s Kinexys for Faster Real Estate Payments
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Trimont Taps JPMorgan’s Kinexys for Faster Real Estate Payments
Trimont LLC, a major player in commercial real estate servicing with oversight of $730 billion in managed loans, has begun using JPMorgan Chase’s Kinexys blockchain network to speed up payment processing. The company’s first transaction through the system took place in August, marking a milestone in the adoption of blockchain infrastructure within real estate finance. Executives confirmed that a broader rollout of the technology is already under…
Key news points: Trimont will use JPMorgan's Kinexys platform to automate loan payments and speed up the flow of funds to lenders. The system reduces transaction settlement from two days to minutes by identifying payments, verifying amounts and distributing funds automatically. Kinexys allows 24/7 programmable payments, operating off-bank, and Trimont plans to expand its use to automate the entire loan operation. Trimont LLC, a business real est…
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