JPMorgan Chase Launches Next Version of Access Platform

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JPMorgan Chase (JPM) is rolling out a new version of its platform that lets financial firms bring together information about their treasury operations online.

The company's treasury services unit on Wednesday unveiled the latest version of Access, its electronic banking portal for corporate clients.

The new version integrates payment and reporting capabilities that reduce to minutes from hours the time it takes to set up users and manage their varied access, and allows administrators to change or add users simultaneously, according to the company.

JPMorgan Chase said the system also enables administrators to view entitlements in a single display, and adds an online community for users.

"In speaking with our clients over the past several years, they consistently indicated that they were looking for greater efficiency and a way to save time," Lloyd O'Connor, managing director for JPMorgan Treasury Services, said in a news release. "Every decision was made with their needs in mind, and we believe the outcome is a product that will fulfill their needs for efficiency, control and accessibility."

JPMorgan Chase said it would upgrade clients of the Access platform, which hosts about 155,000 users worldwide, automatically.

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