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What is Sokin?

Sokin operates as an all-encompassing global business payments platform, allowing organizations to efficiently oversee their accounts, transfer funds, receive payments, and conduct business smoothly across international markets through a unified interface. Its ability to manage and maintain funds in 26 different currencies helps companies reduce their dependence on various providers or regional banking institutions. Furthermore, the platform supports global payments in over 70 currencies, facilitating transactions in more than 170 countries via local payment methods, SWIFT, and instantaneous transfers between Sokin accounts. Teams can boost operational efficiency by storing beneficiary information, converting currencies, assigning user roles for payment authorizations, and processing up to 5,000 individual payments at once, which significantly minimizes manual workload. Moreover, Sokin accommodates payments through cards and various alternative payment methods, while also delivering embedded financial services via flexible APIs. Businesses can streamline numerous processes, such as payouts, currency conversions, onboarding, and KYC and KYB compliance, all while effortlessly integrating these features into their own systems, thus boosting their operational prowess. This seamless integration not only simplifies the complexities of financial transactions but also grants businesses enhanced control and adaptability over their payment processes, ultimately supporting their growth and efficiency in an ever-evolving marketplace.

What is Confirm by Kinexys Liink?

Confirm acts as a reliable solution for verifying bank accounts within J.P. Morgan’s Kinexys Liink network. This innovative tool aids financial institutions by ensuring that the beneficiary's name corresponds accurately with the provided account information before payments are processed, thereby improving the efficiency of payment setup and account verification processes. Participants in the network can swiftly input account details and receive verification responses, which enhances operational efficiency. Designed specifically for banks, various financial institutions, and payment service providers, Confirm is a critical resource for ensuring the accuracy of beneficiary information during payment processing. Its verification capabilities are seamlessly integrated with existing payment systems and external data sources, including verification agencies, and are not intended for consumer banking use. By adopting Confirm, organizations can significantly reduce payment errors due to incorrect beneficiary information, leading to more dependable transaction processing. This functionality not only improves operational efficiency but also cultivates increased trust in the financial transaction landscape, ultimately benefiting all parties involved. Furthermore, as the financial environment evolves, tools like Confirm will continue to play a pivotal role in maintaining the integrity of payment systems.

Media

Media

Integrations Supported

NetSuite
QuickBooks Online
Sage 100
Xero

Integrations Supported

Kinexys

API Availability

Has API

API Availability

Has API

Pricing Information

Free
Free Version

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Android
iPhone
iPad

Supported Platforms

Not specified

Customer Service / Support

Web-Based Support

Customer Service / Support

Not specified

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

Sokin

Date Founded

2019

Company Location

United Kingdom

Company Website

sokin.com

Company Facts

Organization Name

JPMorgan Chase

Date Founded

1799

Company Location

United States

Company Website

www.jpmorgan.com/kinexys/confirm

Categories and Features

Cross-Border Payment

Not specified

Categories and Features

Bank Verification

Not specified

Popular Alternatives

Popular Alternatives

No Alternatives