Payment news, March 9

Scotch tape maker 3M selects a new enterprise resource planning system, while treasury and remittance options expand in Southeast Asia.

Treasury services enhancements at J.P. Morgan in Malaysia

J.P. Morgan Treasury Services strengthened its domestic offering in Malaysia with the addition of new staff and expanded the availability of Access, its global internet banking platform, in the country as part of its ongoing $1 billion global investment strategy.

According to Abdul Raof Latiff, managing director and Asia head of treasury services clearing and foreign exchange at J.P. Morgan, the bank will expand its Malaysia-based treasury staff by 30% over the next three years it currently has 75 people in the country. As Malaysia's economy grows and trade flows increase, corporate requirements will become increasingly complex, driving the demand for efficiency and...

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