Treasury/cash management FinTech Embat has launched a new partnership with J.P. Morgan Payments.
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Embat announced Wednesday (Nov. 4) that it has integrated J.P. Morgan’s new banking authorization service (BAS) API for treasury services and payments, letting joint clients connect their J.P. Morgan bank accounts to Embat’s treasury management platform.
“Traditionally, connecting a treasury platform to a bank requires obtaining certificates through an external certification authority,” Embat said in a news release provided to PYMNTS. “This often requires extensive implementation time, data validation and signatures—a process that can take months before a client can begin operations.”
The new integration lets joint clients authenticate and connect their J.P. Morgan bank accounts to Embat’s treasury platform in seconds, with no IT development needed. This streamlines client account activation and means less operational effort for treasury teams.
“The integration is particularly beneficial for organisations with multiple subsidiaries or entities, as they no longer need to replicate the bank connection process for each legal entity,” the release added. “Leveraging J.P. Morgan Payments’ single multi-tenant certificate management connection—a single security setup that safely covers multiple subsidiaries – enables finance teams to onboard and manage all corporate entities easily. “
Embat said it will be the first treasury management system to leverage J.P. Morgan Payments’ own user interface through the company’s API integration.
Antonio Berga , Embat’s co-founder and co-CEO, added that the partnership eliminates the “time-consuming and tedious” bank connectivity processes.
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