JPMorgan to Unlock Trillions of Liquidity With Tech Partnership
- Bank to pair with Taulia to circulate funds in supply chains
- Smaller firms will be able to access money faster and cheaper
Photographer: Michael Nagle/Bloomberg
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JPMorgan Chase & Co. is looking to help blue-chip companies untether trillions of dollars locked up in corporate supply chains globally through a new technology partnership.
The bank is working with Taulia Inc., a platform that provides working capital solutions, to redistribute liquidity to smaller suppliers of large, investment-grade companies. The multinational firms will have the option to pay suppliers earlier with their own cash, or lean on JPMorgan’s balance sheet to keep money flowing through the network of providers.