Financial services firm JPMorgan is spending £15m on
implementing a central platform to support its global treasury
management and liquidity services.
The company says this
core banking system will enable it to offer consistent services
across the world, delivering richer data and real-time reporting to
clients.
Work has begun on deploying the platform, with pilot schemes
planned later this year.
JPMorgan will work with Temenos, a global provider of
banking software systems, to implement the platform. It is
planning further technology investments to support international
expansion.
Sue Webb, executive vice-president for global core cash
management at JPMorgan Treasury Services, said, "The global
marketplace is where we expect to see significant growth in our
business, and having the most robust technology capabilities will
be key."
JPMorgan will use
Temenos'
T24 Model Bank, which includes preconfigured products and
processes.
