JP Morgan Treasury Services has unveiled its JP Morgan Access Mobile banking platform in Asia Pacific, giving cash management clients the ability to view balance and transaction information at any time via smartphones and tablets.
Multinational companies, large domestic enterprises and mid-sized corporates can now utilize the benefits of J.P. Morgan ACCESS Mobile for accounts located in Australia, New Zealand, Indonesia, Japan, Singapore and Thailand. Additional markets will follow this year.
J.P. Morgan ACCESS Mobile features include:
· The ability to view multicurrency cash balances, transaction details and alerts for J.P. Morgan ACCESS and third-party bank accounts in key Asian markets and globally
· A one-of-a-kind 'Quick Decision' feature, which allows clients to project cash positions based on anticipated transactions and target balances at the account level
· Customizable business critical alerts which assist clients in taking immediate action and making important decisions on the go
Security is paramount in handling any cash management activity, especially remotely. J.P. Morgan ACCESS Mobile uses secure encryption and secondary authentication protocols. Safeguards include the ability to terminate and erase all information on the screen if the application is inactive for more than just a few minutes, and easily deactivate the device if it is lost or stolen.
According to Christine Barry, Research Director at Aite, "Corporate treasurers need easy access to actionable data to effectively manage their cash flow. J.P. Morgan ACCESS Mobile's easy-to-use interface offers not only a snapshot of their global cash and investment account balance, but also innovative 'Quick Decision' functionality to securely perform strategic transactions, anytime, anywhere."
Hendra Lembong, Head of Cash Management, Asia Pacific, J.P. Morgan Treasury Services, said: "Amidst increasing demands for real-time information and enhanced access to core business platforms, J.P. Morgan ACCESS Mobile will become an integral part of the corporate treasurer's toolkit."
A number of significant enhancements are planned, including among others, wire payments approvals and multi-language navigation in simplified and traditional Chinese, Japanese, and Spanish. Updates will be announced as they become available.
J.P. Morgan ACCESS Mobile is part of JPMorgan Chase's larger innovation programs. The firm is dedicated to transforming the front-end customer experience and integrating through to the back-end infrastructure to make application suites more productive, efficient and timely.