JPMorgan expands Oracle partnership to streamline client payments

JPMorgan Chase’s (NYSE:JPM) payments arm said Wednesday its partnership with Oracle (NYSE:ORCL) is expanding to make it easier for clients to streamline their payments across treasury, trade and commerce.

Specifically, J.P. Morgan Payments, which processes nearly $10T payments daily, announced new and enhanced product integrations connecting to the Oracle (ORCL) ecosystem. These include real-time cash balance availability, as well as the ability to create expense reports faster using real-time transaction authorization data.

J.P. Morgan Payments and Oracle (ORCL) have joined hands since 2021 to empower “clients to create integrated payment experiences and accelerate business growth,” said Hubert J.P. Jolly, head of Digital & Design at J.P. Morgan Payments.

Clients leveraging these integrations are able to access J.P. Morgan Payments offerings directly from Oracle Cloud applications.

Additional product integrations are expected to be introduced by the companies over time in response to client demand.