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
-
OpenAI and Stripe bring direct purchasing to ChatGPT
-
Visa launches new hub to boost AI in commercial payments
-
Lloyd’s partners with Ireland’s Department of Finance for InsurTech innovation
-
JPMorgan fraud case sees Frank founder Charlie Javice jailed for seven years
-
Moneybox scales homebuyer offering with First Mortgage partnership
-
Deutsche Bank completes first euro cross-border payment via blockchain
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories