China, India and Vietnam have joined JP Morgan’s Access mobile banking platform, which aims to better enable cash management via smartphones and tablets.
The platform was launched by the bank’s treasury services division in Australia, New Zealand, Indonesia, Japan, Singapore and Thailand earlier this year.
The new capability enables multinational companies, large domestic enterprises and mid-sized corporates to access secure cash management for accounts located in China, India and Vietnam.
The feature will allow users to view multicurrency cash balances, transaction details and alerts for accounts held with JP Morgan and third-party bank accounts in key Asian markets and globally. It also includes a one-of-a-kind ‘quick decision’ feature, which allows clients to project cash positions based on anticipated transactions and target balances at the account level.
The platform will also allow customisable business critical alerts to assist clients in taking immediate action and making important decisions on the go, JP Morgan says.
Rajiv Jain, JP Morgan’s head of treasury services for India and South Asia, says: “Access Mobile will provide the right, real-time information to the right people for the right decision – factors that are fast becoming an integral part of increasing productivity, growing a business and mitigating risk.”