JPMorgan sharpens wholesale payments focus

With the launch of new blockchain and digital currency business Onyx, JPMorgan hasn’t let Covid delay new ideas; in fact, the crisis has helped. Two years after a structural change in treasury services, the bank has updated its ambitions.

Two years ago, Euromoney spoke with Takis Georgakopoulos, JPMorgan’s global head of wholesale payments. He said then he wanted JPMorgan to be the largest transaction bank in the world.

Two years on, surveys suggest that on the treasury side at least, he made it: Coalition ranks the bank as having the highest market share for treasury services worldwide, and Greenwich gives it the highest rating for cash management relationships.

“I feel like we’ve delivered on the value proposition which we started working on a few years ago,” Georgakopoulos says.

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