Products July 2, 2003
JPMorgan Adds 3rd Party Rule Capability
February 19, 2002 (PLANSPONSOR.com) - 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.
Reported by Fred Schneyer
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.