J . P . Morgan
some of the treasury services and trade processing that J . P . Morgan carries out on behalf of its clients .
J . P . Morgan is regarded as the number one US dollar clearing bank globally , processing almost US $ 10tn a day in payments .
With such large volumes at stake , the company is keenly aware of its responsibilities around cybersecurity and protecting clients ’ money . “ That cybersecurity aspect is very critical and in our connections with all the banks , that ' s one of their key priorities – to have not just a trusted partner who innovates , but the ability to execute securely ,” Jang says . “ That ' s very critical , particularly in Asia where you ' ve got a lot of central banks as well as regulators and a complex landscape .”
Sheer volume means cyber becomes key focus That duty of care comes with expected levels of best practice : large financial institutions and emerging fintechs alike expect their partners to act impeccably , particularly when it comes to complying with legal
76 January 2023