AccessFintech extends partnership with J.P. Morgan
14 June 2019 London
Image: Shutterstock
AccessFintech has extended its partnership with J.P. Morgan to launch a trade processing solution for its buy-side clients.
AccessFintech鈥檚 solution provides real-time transparency into trade lifecycle statuses, standardised commentary and shared bi-directional workflow for buy-side clients.
According to AccessFintech, these real-time transaction statuses will significantly reduce the time needed to be spent by buy-side operations teams to monitor multiple internal tools and custodian portals.
The solution has been in bilateral testing with select buy-side clients and is now in the process of global deployment.
Following the collaboration with J.P. Morgan鈥檚 Securities Services business, AccessFintech will be extending the service to other custodians.
In order to use the product, clients can either leverage the AccessFintech front end or integrate via application programming interface into their system of choice.
This integration removes the traditionally difficult task of connecting to numerous third-party portals.
AccessFintech utilised J.P. Morgan鈥檚 In-Residence Programme which incubates emerging technology companies to develop production-ready solutions solving for critical wholesale banking problems.
AccessFintech was able to test the solution with a number of J.P. Morgan鈥檚 businesses.
Roy Saadon, co-founder and CEO of AccessFintech, said: 鈥淭hrough our partnership, we have been able to harness the power of the J.P. Morgan franchise, thought leadership and strong client relationships in developing an industry-leading solution.鈥�
Teresa Heitsenrether, global head of securities services, J.P. Morgan, commented: 鈥淛.P. Morgan was an early adopter of AccessFintech, and has been successfully testing its value proposition throughout our business for over six months.鈥�
She added: 鈥淐oupled with J.P. Morgan鈥檚 industry-leading operating model and workflow tools, with AccessFintech鈥檚 cutting-edge technology, we are continuing to drive industry change that positions ourselves and our clients for the future.鈥�
AccessFintech鈥檚 solution provides real-time transparency into trade lifecycle statuses, standardised commentary and shared bi-directional workflow for buy-side clients.
According to AccessFintech, these real-time transaction statuses will significantly reduce the time needed to be spent by buy-side operations teams to monitor multiple internal tools and custodian portals.
The solution has been in bilateral testing with select buy-side clients and is now in the process of global deployment.
Following the collaboration with J.P. Morgan鈥檚 Securities Services business, AccessFintech will be extending the service to other custodians.
In order to use the product, clients can either leverage the AccessFintech front end or integrate via application programming interface into their system of choice.
This integration removes the traditionally difficult task of connecting to numerous third-party portals.
AccessFintech utilised J.P. Morgan鈥檚 In-Residence Programme which incubates emerging technology companies to develop production-ready solutions solving for critical wholesale banking problems.
AccessFintech was able to test the solution with a number of J.P. Morgan鈥檚 businesses.
Roy Saadon, co-founder and CEO of AccessFintech, said: 鈥淭hrough our partnership, we have been able to harness the power of the J.P. Morgan franchise, thought leadership and strong client relationships in developing an industry-leading solution.鈥�
Teresa Heitsenrether, global head of securities services, J.P. Morgan, commented: 鈥淛.P. Morgan was an early adopter of AccessFintech, and has been successfully testing its value proposition throughout our business for over six months.鈥�
She added: 鈥淐oupled with J.P. Morgan鈥檚 industry-leading operating model and workflow tools, with AccessFintech鈥檚 cutting-edge technology, we are continuing to drive industry change that positions ourselves and our clients for the future.鈥�
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