More NewsGlobal Payments Infrastructure From JPMorgan

Global Payments Infrastructure From JPMorgan

JPMorgan Treasury Services has launched its Global Payment Infrastructure (GPI) which is aimed at reducing unit costs per transaction and increasing capabilities while maintaining regulatory compliance and mitigating risk. GPI is a modular solution that allows financial institutions to replace their existing USD funds transfer infrastructure with USD clearing components, such as Web-based initiation and private-labelled service tools, wire processing, funds control, position management and reconciliation support with their existing technology. Although direct link clearing options were previously available to JPMorgan clients, this is the first time that a comprehensive suite of clearing technology and operating services is available to the market as a single product set. Two financial institutions, one international and the other domestic, are currently in the process of adopting JPMorgan’s GPI solution to enhance their USD clearing offerings to customers.

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