JP Morgan Enhances Treasury and Investment Technology
As part of its long-term investment in its technology infrastructure, JP Morgan Treasury Services has reached a milestone in the deployment of its new platforms for liquidity and international demand deposit account (iDDA) management. JP Morgan’s new liquidity platform has been installed in Australia, China, Hong Kong, India, New Zealand and Singapore, while enhanced iDDA platforms are now live in Dublin, London, Madrid, Manila, Singapore and Vietnam.
JP Morgan’s web-based liquidity management platform – JP Morgan Access Liquidity Solutions – gives clients greater transparency into their cash and investment balances and greater control of their global liquidity positions. It provides clients with the ability to view and manage their global cash concentration structures online; invest surplus liquidity into a variety of instruments; and enhance their operating efficiency with a more streamlined and consistent service and uniform portfolio of products across multiple locations.
“Our new liquidity management platform has been initially launched in Asia-Pacific locations as the region is a key area of focus for the firm,” said Randy White, liquidity solutions executive, JP Morgan. “We will continue to deploy the JP Morgan Access Liquidity Solutions platform throughout this year in Asia, Europe and the US. We remain committed to delivering solutions for visibility, concentration and investments that enable clients to maximise the value of their cash and short-term liquidity.”