J.P. Morgan partners with AccessFintech’s Synergy on tax reclaims data
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J.P. Morgan partners with AccessFintech’s Synergy on tax reclaims data 14 September 2023UK Reporter: Lucy Carter
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J.P. Morgan Securities Services has partnered with AccessFintech to enable a tax reclaims dataset on Synergy, AccessFintech’s multi-bank platform.
The expanded tax reclaims dataset develops the transparency of existing custody information, including trade and asset movement, case and income lifecycle. It is designed to complement existing reporting capabilities and improve the efficiency of tracking tax reclaim processing.
Clients will have access to near real-time updates through the Synergy network, removing the need for excess manual touchpoints and enabling action around intra-country tax treatments.
Naveen TV, global head of data strategy and integrations for securities services at J. P. Morgan, says: “Clients can now access J.P. Morgan’s Tax Reclaims data set via AccessFintech, providing them an end-to-end view of their custody portfolio via one centralised platform.”
Roy Saadon, AccessFintech CEO, comments: "This new tax reclaims service extends AccessFintech’s collaboration with the market, extending the scope of the data network.
“J.P. Morgan’s Securities Services has been a leader in utilising the distribution of digital workflow and has been able to show client servicing efficiency driven by data accessibility. It is a great endorsement of the secure data collaboration concepts, when market participants continually push forward and expand the usage as key for scale and efficiency.”
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