latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/fintech-focus-jpmorgan-sets-up-fx-electronic-trading-engine-in-singapore-57882435 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Fintech focus: JPMorgan sets up FX electronic trading engine in Singapore

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Fed Officials Signal Optimism In US Economy Reiterate Rates Likely On Hold


Fintech focus: JPMorgan sets up FX electronic trading engine in Singapore

S&P Global Market Intelligence rounds up financial technology companies' recent product launches, partnership announcements and fundraising activity, as well as regulatory developments in the financial technology space. For more fintech news, click here.

Banking and lending

JPMorgan Chase & Co. established an electronic foreign exchange trading and pricing engine in Singapore to speed up trade executions for clients. The engine, which is supported by the Monetary Authority of Singapore, is the company's fourth such infrastructure globally.

----------------------------------------------

Sony Bank Inc. secured and enhanced its mobile banking with OneSpan Inc.'s Mobile Security Suite. The improved customer experience on the bank’s mobile banking app features app shielding, or the detection and prevention of mobile threats, and biometric authentication, such as facial recognition and fingerprint biometrics.

----------------------------------------------

Jack Henry & Associates Inc. improved its lending capabilities to support the CARES Act through the expansion of its commercial lending suite of solutions. It included the capabilities banks and credit unions need in order to efficiently support Paycheck Protection Program loans.

The lending solution enables financial institutions to digitally capture and conditionally approve Paycheck Protection Program loans. The user interface also allows small business borrowers to easily enter the required information online and securely upload supporting documents.

----------------------------------------------

Bank of New York Mellon Corp. expanded its exchange-traded product relationship with United States Commodity Funds through the conversion of assets onto BNY Mellon's ETF servicing platform. United States Commodity Funds appointed BNY Mellon to provide ETF services that include serving as its custodian, fund accountant and administrator and transfer agent. The conversion was completed on April 1.

----------------------------------------------

UP Fintech Holding Ltd. launched its "Fund Mall," a wealth management feature providing a one-stop-shop for investing in global mutual funds. It offers more than 30 funds covering numerous underlying assets to allow investors to create diversified portfolios tailored to their specific needs.

----------------------------------------------

TurboTax, the online tax preparation service from Intuit Inc. rolled out a free registration product designed to help Americans who are not required to file a tax return register with the IRS to receive stimulus money under the CARES Act.

Payments

NetSol Technologies Inc. entered into a partnership with a bank in the United Kingdom to implement its NFS Ascent retail platform. The partnership enables the company to provide pre-built standard interfaces, regulatory framework and other pre-set configurations to customers, which also includes point-of-sale solutions and a contract management system.

----------------------------------------------

Deluxe Corp. launched its Medical Payment Exchange platform, a new cloud-based digital payment process and a joint venture with healthcare payment provider ECHO Health. The platform is intended to address healthcare payers' challenge of delivering efficient electronic payments to providers whom they pay infrequently.

Marketing and analytics

In response to the high increase of payment holiday consumer requests due to the COVID-19 pandemic, Fair Isaac Corp. created digital scenarios through its FICO Customer Communications Services to enable automated approvals by understaffed teams of lenders, telecommunications providers and other firms.

Trading and investing

Envestnet Inc., together with MoneyGuide, launched its Tax Planning feature to help advisers offer more personalized advice and educate clients on strategies to help mitigate tax burdens during retirement.