J.P. Morgan launches mobile banking platform
J.P. Morgan Treasury Services has launched a mobile banking platform in Australia aimed at cash management clients.
The company said the launch of the platform, ACCESSM, was part of the firm's ongoing focus on combining its global solutions and network with a strong domestic presence.
It said the ACCESSM Mobile banking platform would give Australian and New Zealand cash management clients the ability to view balance and transaction information at any time via smartphones and tablets.
J.P. Morgan Treasury Services, Australia head, Nadia Schiavon said security was of the utmost importance when accessing and handling any cash management activity.
She said that as a result of this, J.P. Morgan ACCESS Mobile used secure encryption and secondary authentication which allowed the user to terminate and erase all information on the screen if the application did not respond for more than just a few minutes.
Schiavon said the device could also be quickly deactivated if lost or stolen.
Recommended for you
Private wealth manager Escala Partners has increased its alternatives allocations to more than a third in the past three years, describing the asset class as offering “fertile ground” for diversification.
The Financial Services Council has recommended implementing a per capita limit per annum for financial advisers when it comes to the CSLR levy to allow them to expand their business without levy uncertainty.
DASH Technology Group has seen a 49 per cent uplift in its carrying value and is completing a new capital raising, having already received $30 million from growth investor Bailador.
At the halfway point of the year, consolidation pressures continue to drive financial services M&A with three areas identified as targets for asset and wealth managers, according to PwC’s mid-year outlook.
