J.P. Morgan Treasury Services has launched a Multibank Cash Management Service in Japan offering multinational corporations operating in Japan increased visibility and control over the movement of their cash.
The bilingual platform offers a single point of access globally to a firms accounts held at banks in Japan. In addition to providing greater visibility of a clients cash portfolio, it also offers control over the movement of funds across different operating entities and third-party enterprises and can speed up connectivity and execution of transaction processing and reporting.
For many decades, J.P. Morgan has played a key role in the development of Japans financial markets infrastructure, says Hans Janssens, head of Treasury & Securities Services, Japan, J.P. Morgan. The rollout of our Multibank Cash Management Service is an important next step in the evolution of the countrys transaction banking sector, and we are delighted to again take a leading role in innovating for our clients and the broader financial community.
The firm partnered with NTT DATA Corporation on the solution. SWIFT connectivity for the service is planned for later this year.
(CG)