JP Morgan has launched two new services aimed at improving treasury management for its corporate investment banking customers.
The bank said that JP Morgan Treasury Workstation and JP Morgan Multibank Reporting will allow it to offer clients real time data, connectivity and onboarding of customers via a single API.
JP Morgan Treasury Workstation will enable corporate clients to access multibank treasury management software while JP Morgan Multibank Reporting will build on JP Morgan's current SWIFT based multibank reporting services by opening up API-based multibank connections enabling more real-time reporting.
Both services have been piloted with clients over the past few years, JP Morgan said.
The bank added that the services, which have been launched in partnership with Trovata, will speed up information sharing, reduce stress on finance teams and enable companies to become less reliant on legacy software.
Commenting on the news Jason Tiede, global head of corporate development and partnerships at JP Morgan Payments, said: "Over the last several years, J. P. Morgan has seen incredible value in partnering with and investing in innovative FinTechs to bring tech-forward solutions to our clients, and our partnership with Trovata enables us to do just that."
Latest News
-
Credit Suisse concealed Nazi ties deeper than previously known, Senate probe finds
-
Frax Finance launches BlackRock-backed stablecoin
-
OCBC launches sale of bespoke tokenised bonds
-
Thomson Reuters buys SafeSend for $600m
-
Morgan Stanley becomes latest US bank to quit climate alliance
-
China plans major banking policy shifts and increased spending to boost economy in 2025
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories