JP Morgan has partnered with NTT DATA Corporation to provide local financial institutions in Japan with an integrated and automated platform for cross-border payment. At the heart of this partnership, local Japanese banks will be able to send online transactional instructions for treasury services requests to JP Morgan through NTT DATA’s ASP platform, a web-based delivery channel between local banks and their customers.
The live solution is expected to enable banks to send requests without any data re-entry, resulting in cost savings, risk controls and yielding process efficiency improvements. Ken Tsuchihashi, executive manager and head of First Sales Strategy Planning section at NTT DATA’s Financial IT Services division said: “We chose to partner with JP Morgan due to its strong position in Japan and other Asian countries as well as its outstanding reputation as a reliable provider of international payments.
Simon Jones, head of JP Morgan’s Treasury Services in Asia Pacific, said: Our shared objective is to deliver solutions to respond to the evolving needs of our clients, particularly in today’s economic environment where cost reduction and risk mitigation are important drivers.”
Japan-based NTT DATA offers consulting, systems integration and IT outsourcing, for major financial, public administration and enterprise sectors.
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