JPMorgan collaborates with H4 for digital documentation

JPMorgan is collaborating with documentation technology firm H4 to digitise its global custody processes.

As part of the tie-up, H4’s platform will be used to help transform the client contract onboarding experience, reuse of data contained in documents and build a digital library.

The firms have successfully piloted the new documentation platform in the global custody business, with a view to deploying it across JPMorgan’s Securities Services business in the coming months.

H4 has also been used by the bank to assist with the capture of critical data elements from their historical agreements allowing ease of the business line review and the ability to drive analytical reporting at the client and business level.

In May, JPMorgan was part of a consortium to invest in H4. Before this, H4 came through its in-residence incubator programme which supports emerging technology companies to develop production-ready solutions solving critical wholesale banking problems.

Mike Hughes, managing director and head of global custody at JPMorgan, said: “H4’s
technology is transforming the efficiency and data management of our global business.”

“By embedding H4’s technology into the way we work, we increase efficiency, control, data management and most importantly, our team of business and legal professionals can serve our clients in a more efficient manner.”

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