JPMorgan Backs Fintech Startup AccessFintech’s Post-Trade Platform

JPMorgan has bought a stake in a UK-based Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firm that aims to help financial ‎institutions gain an edge through the benefit of shortened exposure time and a reduction in ‎operational and technology costs‏.‏

The US bank said on Tuesday it had taken an undisclosed minority holding in ‎AccessFintech, which offers a suite of products that caters to financial ‎institutions’ need for a new regulatory-driven technology across several ‎markets.‎

AccessFintech was co-founded in June 2017 by former Traiana CEO Roy ‎Saadon and the industry entrepreneur Steve Fazio. JPMorgan has invested in ‎the company through its Series A Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term. ‎

The private investment aims to accelerate AccessFintech’s product development whilst ‎allows to JPMorgan benefit from the growing number of institutions that harness its risk and ‎exception management services.‎

The alliance with AccessFintech will also help JPMorgan expand its In-Residence ‎program, which allows startups test their ‎innovations at scale across the banking giant’s network.‎

The initiative offers a real-time operational dashboard to spot exceptions ‎aligned with an aggregated vendor monitoring platform and sandbox for ‎testing new technologies. ‎

Lawrence Waller, Global Head of Markets & Investor Services Operations ‎at J.P. Morgan, commented: ‎“We have been tracking AccessFintech’s product evolution for some time and ‎we think its ability to bring together different parts of the post-trade process ‎into one aggregated view is technology that is long overdue in the industry. To progress further, they need the opportunity to work at scale ‎and so they make a very natural fit for our In-Residence program, which ‎encourages success through collaboration and the sponsorship of our senior ‎management.”‎

Roy Saadon, Founder, and CEO of AccessFintech added: “We are thrilled that J.P. ‎Morgan has added us to their investment portfolio. A strategic source of ‎funding can provide a fintech company with credibility and market momentum ‎well beyond the pure financial support. J.P. Morgan has been at the genesis of ‎many successful industry platforms and initiatives, and the In-Residence ‎program is an innovative vehicle for its engagement with fintechs. We look ‎forward to working with the In-Residence team.”‎