JPMorgan adds link to trade supply chain

The plan to buy Vastera will give multinational customers access to logistics information and software.

JPMorgan has agreed to buy trade information and software provider, Vastera and merge it with its treasury services unit. The acquisition will give the bank's trade customers access to logistics information surrounding imports and exports, including those clients who trade in Asia. Vastera has a reasonable Asian footprint with activities concentrated in China and Japan.

Vastera's services are used by 400 customers worldwide. Its information and database products allow traders to manage their global trade...

To continue reading, please login or register for free

Click for more on: jpmorgan | adds | link | trade | supply | chain

Print Edition

FinanceAsia Print Edition

CONFERENCES