JPMorgan Adds 3rd Party Rule Capability

February 19, 2002 ( - JP Morgan Investor Services' new capability to perform third-party compliance checks means clients can more easily outsource that function without buying any more technology, the company claims.

In a press release announcing the new service, JP Morgan said its new software capability allows customization of rules and reports and a decrease in clients’ manual compliance checks.

The new capability allows it to analyze data from third parties before sending a risk report to the client based on JPMorgan’s rule-building software. JPMorgan can run reports at virtually any interval including inter-day.

The reports can then be read at JPMorgan’s Web site.