Diesta, the payment infrastructure platform for the commercial insurance industry, today announced it has integrated Kinexys by J.P. Morgan’s Kinexys Liink Confirm application, bringing global account and payee verification directly into insurance payment workflows.
The integration enables Diesta to help brokers, Managing General Agents (MGAs) and insurance companies verify beneficiary account details before payments are initiated, supporting safer, more efficient digital settlement in one of the most complex and highly regulated financial services industries.
Commercial insurance payments often involve various parties operating across multiple currencies, jurisdictions and banking systems. These flows are high value and regulated yet often still dependent on manual checks, spreadsheets and fragmented financial processes.
As instant and cross-border payments continue to grow, the ability to verify account information before money moves is becoming increasingly important. Incorrect account details, misdirected funds and fraud attempts can create significant operational, financial and regulatory risk for insurance businesses.
By integrating Kinexys Liink’s Confirm application, Diesta will bring account and payee verification into the insurance payment process itself. Insurance finance teams can validate beneficiary information upfront, helping reduce payment risk, improve operational control and support greater automation without replacing their existing core insurance systems.
Diesta is the first fintech in Europe, the Middle East and Africa to embed this level of payee verification directly into insurance finance workflows, where payment decisions, approvals and settlements happen. By moving account verification into the operational layer, insurance teams can validate beneficiary details at the point of action and before funds are released. This is a significant step forward in digitising insurance payment infrastructure.
Kinexys Liink is one of the world’s first bank-led peer-to-peer blockchain-based data sharing networks for secure information exchange able to validate account ownership and other data elements in 70+ countries[1]. Designed to be payment rail-agnostic, it enables institutions to share payee verification requests and responses through one network connection while supporting data control and privacy considerations for participating institutions.
The integration supports Diesta’s ambition to build the payment infrastructure layer for insurance: a platform where complex premium and settlement flows can be managed digitally from receipt through reconciliation, accounting and onward payment.
[1] JPMC proprietary data 2024