JP Morgan Chase Launches New Compliance Reporting Tool

JP Morgan Chase has launched a new third party compliance capabilities within its compliance reporting services platform. The compliance reporting suite offers customization of rules and reports and the reduction of manual compliance checks. With the new third party compliance

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JP Morgan Chase has launched a new third party compliance capabilities within its compliance reporting services platform.

The compliance reporting suite offers customization of rules and reports and the reduction of manual compliance checks.

With the new third-party compliance feature, clients can reduce their operational risk by outsourcing this risk management function to JPMorgan without purchasing new software or having vendor hardware at their desk.

Demonstrations of the compliance platform are available at the 20th Annual NICSA conference in Miami, Florida.

Also at NICSA, Kathe Dodd, Global Transfer Agency Business Executive for JPMorgan Investor Services, will be speaking at a panel on investment fund industry trends.

The new capability that is showcased at NICSA allows data from third parties to be fed into JPMorgan’s systems and analyzed before it is sent back to the client.

Clients receive customized reports based upon JPMorgan’s flexible rule building engine, which caters to the nuances associated with global markets. Reports are customizable and can be run daily with intra-day processing or on a weekly or monthly basis. These reports can be viewed on the Internet via JPMorgan’s client-only Web site. JPMorgan provides compliance services to clients who utilize the JPMorgan accounting platform and also to those who do not. Both the third party reporting capability and all compliance reporting services are fully integrated with other risk management products and aligned with the JPMorgan Performance, Analytics, and Consulting Group.

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