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