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JPMorgan Chase Announces Plans for a Digital Banking Venture in Germany

International funds and corporates now have broader access to treasury, foreign exchange, and cash management services, thanks to a collaboration between Ebury and IQ-EQ.

JPMorgan Chase Ventures into Digital Retail Banking in Germany
JPMorgan Chase Ventures into Digital Retail Banking in Germany

JPMorgan Chase Announces Plans for a Digital Banking Venture in Germany

In a significant move to streamline cross-border financial services, Ebury, a London-based fintech specializing in cross-border financial services, has formed a strategic alliance with IQ-EQ, a Luxembourg-headquartered provider of investor and corporate services.

The collaboration aims to broaden access to treasury and foreign exchange solutions for fund managers, institutional investors, and corporates operating across multiple jurisdictions. Clients will have access to cash management tools designed for complex fund and corporate structures, supported by local expertise across multiple jurisdictions.

The integration of Ebury's platform into IQ-EQ's service offering will allow clients to access transaction accounts in more than 20 jurisdictions. This partnership offers a future-ready solution for international funds and corporates aiming to streamline operations and reduce FX risk.

Clients will be able to make international payments in over 130 currencies through the Ebury-IQ-EQ partnership. The partnership will provide clients with tailored FX risk management strategies to manage market volatility.

Aaron Bird, Head of Enterprise & Institutional Solutions APAC at Ebury, stated that IQ-EQ's global footprint and expertise in investor services make them an ideal partner. Joanne McEnteggart, Global Head of Debt, Capital Markets, and Corporate at IQ-EQ, mentioned that the collaboration with Ebury brings together their expertise in international payments, FX risk management, and cash flow solutions with IQ-EQ's unrivaled experience servicing complex fund and corporate structures.

The Ebury-IQ-EQ partnership seeks to address challenges in cross-border business activity, such as accessing transactional accounts, managing liquidity, mitigating FX exposure, and handling international payments. The collaboration between Ebury and IQ-EQ is aimed at addressing the growing complexities in cross-border business activity.

The featured image credit for this article is attributed to Edited by our platform Switzerland, based on an image by lovely12 via Freepik.

Please note that the founder and CEO of Ebury is not mentioned in the provided search results. The collaboration between Ebury and IQ-EQ is aimed at further enhancing IQ-EQ's service to clients. The Ebury-IQ-EQ partnership aims to offer expanded treasury and foreign exchange solutions to clients.

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