Payment news, October 12

J.P. Morgan announces liquidity platform milestone, while Chi-East obtains regulatory approval from the Monetary Authority of Singapore.

J.P. Morgan liquidity platform now live in Asia

J.P. Morgan has announced that its liquidity management platform is now live in Asia. The bank expanded its treasury services in Malaysia and began installing the platform in Australia, China, Hong Kong, India, New Zealand and Singapore earlier this year.

“The financial crisis put a spotlight on the treasurer’s need for visibility and control of global liquidity,” said Randy White, head of J.P. Morgan’s liquidity management business, in a statement. “We’ve made a significant investment in developing a single global platform that delivers the real-time information clients need to make effective liquidity and investment decisions, and the tools to put those decisions into action.”

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