J.P. Morgan and AccessFinTech Extend Partnership

AccessFintech announced that it has extended its partnership with J.P. Morgan, they plan to go live with a trade processing solution to provide real-time transparency and workflow to the firm’s buy-side clients. According to a story in MarketsMedia, J.P. Morgan’s Securities Services business is the first custodian to collaborate with AccessFintech on the solution which provides real-time transparency into trade lifecycle statuses, standardized commentary and shared bi-directional workflow for buy-side clients. 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.  It reduces the need for calling brokers and custodians to get updates. The solution has been in bilateral testing with select buy-side clients and is now in process of a global deployment.  Following the collaboration with J.P. Morgan’s 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 APIs into their system of choice.  This integration therefore removes the traditionally difficult task of connecting to numerous third-party portals. This partnership is aimed at bringing together all the elements of the post trade process in one consolidated view, in a timely and efficient manner. It will enable clients to have an accurate view of their portfolio including enriched and real time commentary on the status of their transactions. This will ultimately drive risk management in their settlement process.