More NewsOECD Grants International Banking Mandate To JPMorgan

OECD Grants International Banking Mandate To JPMorgan

The Organisation for Economic Cooperation and Development has chosen JPMorgan Treasury Service to manage its international banking operations. JPMorgan TS will help drive the OECD’s financial reform programme by consolidating global bank accounts, automating treasury functions and developing a more sophisticated cash management system. In order to comply with the Secretary-General’s drive to streamline operations and cut banking fees, the OECD took the strategic decision to consolidate its international banking operations with a single provider that had extensive experience working with international organisations. JPMorgan TS will work with the OECD to develop a cash management system, linked directly to the SAP accounting system, that can also handle all standard treasury functions: domestic and international electronic banking services, automatic bank reconciliation and multi-currency cheque writing ability. The OECD cited JPMorgan TS’ sophisticated product line, experience with international organisations and meticulous approach to implementation as key factors in the selection.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha