Renovite will grow to be a part of JP Morgan Funds, which mixes the financial institution’s company treasury providers, commerce finance, card and service provider providers.
Based in 2015, California-based Renovite has constructed six proprietary, cloud-agnostic and fee token-agnostic funds merchandise to assist its shoppers to optimise infrastructure, together with swap, reconciliation, safety, issuing, ATM and testing.
The agency has labored with JP Morgan since final yr and can now assist the Wall Avenue large construct its next-generation service provider buying platform, bolster the its funds modernisation technique and assist its journey to the cloud.
“We’re excited to accumulate Renovite and speed up our roadmap for serving to our shoppers keep on the cutting-edge of funds innovation. This acquisition will assist us obtain our objective to develop the next-generation funds processing platform globally,” says Max Neukirchen, international head, funds and commerce options, JP Morgan.
Finextra has not too long ago launched the inaugural Monetary Cloud Summit, scheduled to happen on 2 March 2023. For extra info and to register for this occasion, please go to the occasion web page right here.
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