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JP Morgan formed strategic alliance to create new solution

It’s claimed to be JP Morgan’s most significant strategic alliance in the trade finance business

JP Morgan

JP Morgan formed strategic alliance to create new solution. Source: shutterstock.com

JP Morgan teamed up with Taulia, the company offering capital technology solutions, to provide differentiated trade finance services.

This partnership both strengthens Taulia’s position as a supply chain finance provider and allows JP Morgan to deepen the value offer for clients.

The new strategic initiative provides JP Morgan’s clients with the ability to attract suppliers worldwide and the flexibility to switch seamlessly between bank-funded and self-funded early payments.

At the same time, Taulia enables clients to inject liquidity to strengthen their supply chain. The platform also gives them more visibility and control over their cash.

We’re always looking for impactful ways to enhance the client experience within Wholesale Payments and that’s been proven by our various investments over the last three years – from acquisitions to strategic alliances like what we’re doing with Taulia. With Taulia, we’re better positioned to serve our clients for the long term, allowing them to inject and redeploy liquidity to their suppliers, ensuring continued operations during this challenging time
Takis Georgakopoulos, Global Head of Wholesale Payments, JP Morgan

We’ve reported that the French neobank Shine announced the rollout of the bill insurance feature which would help freelancers to protect themselves against non-payment.

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