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

JPMorgan launches online FX funds transfer initiation service

28 October 2004  |  1151 views  |  0 Source: JPMorgan

JPMorgan announced today the launch of Foreign Exchange Funds Transfer Initiation (FX FTI), an online service offering comprehensive trading and payment facilities. FX FTI offers corporates and financial institutions the ability to streamline FX payments through rapid payment creation combined with competitive, real time FX rates.

FX FTI aggregates same currency payments and provides the optimal exchange rates for 39 currencies. Payments are automatically debited from a client's domestic currency account, eliminating the need for multiple currency accounts and reducing management and reconciliation expense. FX FTI is a multi-bank product, enabling payments to be funded out of non-JPMorgan accounts and customers are not required to be members of the SWIFT network.

FX FTI is available through JPMorgan's web-based client access platform, JPMorgan ACCESS (SM), which provides clients globally with a secure Internet gateway to a range of treasury and cash management services. As a module of JPMorgan ACCESS (SM), FX FTI allows aggregated reporting of FX payments with other payments. JPMorgan also provides access to a dedicated FX service support team for customers using FX FTI.

Colin Digby, head of product strategy & solutions for JPMorgan Treasury Services in Europe, Middle East and Africa, said, "FX FTI streamlines the process of executing FX transactions, allowing clients to simplify and increase efficiencies in the operational process, reduce costs and more effectively manage risk."

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.thomsonreuters.infovisit www.ebaday.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11232 views comments | 32 tweets | 38 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10338 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9943 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9403 views comments | 18 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8493 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job