JPMorgan enhances Top and Tie services, adds risk events module to Horizon

JPMorgan enhances Top and Tie services, adds risk events module to Horizon

JPMorgan Treasury Services has added new features to its Trade Origination Process (Top) solution, Trade Information Exchange (Tie) services and its operational risk managment software Horizon.

The bank has added an automatic e-mail discrepancy notification service to Top, which is a browser-based solution for the initiation of trade transactions. The service now also includes a new detailed print-out feature which allows allows up to 25 transactions to be printed per request.

The Tie service, which delivers real-time data on trade transactions directly to clients' desktops, now also allows users to scan documents for client review and includes an upgraded history application for the retrieval of trade data for up to 365 days. The service also features improved e-mail notification for new issuances, payments and amendments.

The bank is also adding a loss/risk events module to its Web-based, enterprise-wide operational risk management solution, Horizon.

JPMorgan says the new module, which is due out in July, features data capture for specific information pertaining to loss/risk events, basic reporting and charting the ability to categorise losses per firm or in accordance with regulatory requirements.

The new release of Horizon will also include new compliance features that support regulations, such as Sarbanes-Oxley section 404.

Other new features of Horizon include account searches, attachments, attestation capability, control testing, additional reporting and audit trail capabililty.

Additionally, JPMorgan is now offering a translation facility with conjunction with its payments, collections and information reporting soution PaySource.

Translation Services converts client-generated files to the required JPMorgan processing format. The system currently supports SAP IDoc files and XML data files and is geared to support all PaySource transaction types, as well as split remittance details and return file acknowledgements.

The translation facililty has been available to customers since last autumn.

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