24 January 2018
visit http://response.ncr.com

JP Morgan strengthens Indian cash management and trade finance offering

11 November 2008  |  1375 views  |  0 Source: JP Morgan

JP Morgan today announced the enhancement of its cash management and trade finance solutions in India.

J.P. Morgan's Treasury Services division provides cash management, trade finance, and foreign currency clearing account services to some of the largest India-based firms within the financial services, manufacturing, IT, infrastructure, chemicals, aviation and retail industries.

Recently, J.P. Morgan unveiled a global investment plan of more than US$1 billion to strengthen its cash management and treasury liquidity capabilities, invest in technology solutions and expand its global footprint. This investment will further make it easier for J.P. Morgan clients to move, concentrate, invest and manage their cash around the world.

As part of this investment plan and in response to the increasing customer demand, J.P. Morgan has launched new domestic cash management and trade finance capabilities in India. The full suite of capabilities includes an integrated electronic banking platform, high-value and low-value electronic payments and receipts, local and out-station check clearing, liquidity solutions, as well as a wide range of trade finance and structured trade finance - including Export Credit Agency-backed financing solutions, supply chain, logistics advisory services, risk mitigation solutions and freight payment audit services using state-of-the-art integrated technology built on robust proprietary platforms. These domestic capabilities complement J.P. Morgan's global service offering and leverage its global network.

"India is a focal point for us within the Asia Pacific region, as reflected by the continued expansion of our cash management and trade finance capabilities throughout the country. We are combining global and local capabilities that will enable clients to operate more efficiently worldwide", says Linda McLaughlin-Moore, Managing Director, Product Management and Delivery Executive - Asia Pacific, J.P. Morgan's Treasury Services.

"Our enhanced domestic service offering in India leverages our global technology, service excellence model and consolidated liquidity services across more than 90 markets to help clients maximise their working capital and supply chain finance. Combined with best-in-class trade finance solutions, we are able to offer a comprehensive range of treasury services to our clients", says Rajiv Jain, Managing Director, Head of J.P. Morgan's Treasury Services in India and South Asia.

Our consistent and disciplined approach to managing our balance sheet has enabled us to be the transaction processing bank of choice for many corporations, financial institutions and non-bank financial institutions in India that are looking for a safe haven to diversify their assets.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.niceactimize.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9834 views comments | 38 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9516 views comments | 14 tweets | 14 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8551 views comments | 17 tweets | 11 linkedin
Could distributed ledgers restore the reputation of the MBS market?Could distributed ledgers restore the repu...
7065 views comments | 6 tweets | 9 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
7045 views comments | 13 tweets | 25 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job