24 September 2017
Find out more

JP Morgan opens virtual business branch in Indonesia

19 October 2016  |  6995 views  |  0 JPMorgan Chase logo web screenshot

JP Morgan is opening a virtual business branch in Indonesia, using technology to expand its geographic reach without having to buy real estate.

The virtual branch promises a comprehensive suite of banking services that can be securely accessed from desktops and mobile devices, enabling clients to submit documents digitally, initiate and approve transactions online as well as have complete visibility of all cross-border and statutory payment transactions.

The Indonesian virtual outpost comes after a similar offering was introduced in India last year. JP Morgan says that the Indian branch has been growing rapidly and that it plans to expand the idea to Thailand and China soon.

Manoj Dugar, head, core cash management product, treasury services, Asia Pacific, JPMorgan, says: "Along with improvements in technology, regulatory changes have also allowed banks and corporates to make virtual branches a reality. JP Morgan has taken a highly innovative approach in this rapidly changing environment and will continue to invest to simplify and improve the banking experience for our clients."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

JPMorgan leads $30m funding round for Cloud9

JPMorgan leads $30m funding round for Cloud9

12 October 2016  |  5484 views  |  0 comments | 2 tweets | 1 linkedin
JPMorgan Chase partners InvestCloud for digital wealth management

JPMorgan Chase partners InvestCloud for digital wealth management

21 September 2016  |  8217 views  |  0 comments | 6 tweets | 7 linkedin
Floating bank branch sets sail in Indonesia

Floating bank branch sets sail in Indonesia

07 August 2015  |  8847 views  |  0 comments | 10 tweets | 8 linkedin

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.capgemini.comvisit www.sibos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13316 views comments | 28 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
9573 views comments | 13 tweets | 28 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8564 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8266 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8037 views comments | 32 tweets | 45 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job