Absa Group has selected JP Morgan Treasury Services web-based, enterprise-wide operational risk management solution JP Morgan Horizon as part of its global operational risk management process.
“We are extremely excited to be entering the African market with such a respected and noteworthy financial institution,” explains Craig Spielmann, Horizon business executive for JP Morgan Treasury Services. “Horizon is a proven operational risk solution, and Absa’s decision to employ it demonstrates their continued commitment to excellence.”
Absa Group chose JP Morgan Horizon because of its ability to create control transparency across the group’s business lines, as well as the solution’s ease of use and JP Morgan’s excellent client references, according to Anne-Marie Pothas, head of operational risk at Absa. “The real value of Horizon lies within the opportunity to use it as a day-to-day risk management tool at business level,” adds Gert van Wyk, Absa’s general manager of operational risk and assurance as well as chief auditor.
JP Morgan Treasury Services’ Horizon risk management solution is relied on by some of the world’s leading institutions. Central banks, investment and retail banks, insurance companies, mortgage companies and energy companies use JP Morgan Horizon (SM) to effectively manage risk and assist with regulatory reporting.
JP Morgan Treasury Services is a full-service provider of innovative treasury, cash management, liquidity, trade finance, information and e-commerce solutions to corporations, financial services companies and government entities worldwide. As a leader in U.S. dollar and cross-border payments, JP Morgan Treasury Services processes as much as $2.3 trillion in U.S. dollar wire payments daily and has been the number-one ACH originator since its inception some 28 years ago. JP Morgan Treasury Services delivers the strength of a global investment banking powerhouse, along with the personal touch and best in-country expertise of the finest regional banks worldwide.