JPMorgan Chase has forged a strategic alliance with Taulia, a US-based working capital technology solutions provider, to offer a differentiated trade finance solution for clients.

The bank will leverage Taulia’s platform to allow clients to unlock liquidity trapped in corporate supply chains while also giving control over their cash.

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Taulia, through the partnership, will enable JPMorgan clients to onboard suppliers globally, It will also offer them the flexibility to toggle seamlessly between bank-funded and self-funded early payments.

Taulia CEO Cedric Bru said: “Combining Taulia’s technology and delivery with JPMorgan’s global reach creates an unmatched value proposition for clients.

“Our mission is to allow businesses to thrive by having access to cash in a predictable and cost-effective manner.”

Initially, the bank intended to build its own supply chain financing platform. Later, it decided to incorporate Taulia’s services instead.

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This strategic alliance will allow JPMorgan to leverage Taulia’s technology platform, data and analytics to enhance and optimise corporate supply chains.

JPMorgan global head of wholesale payments Takis Georgakopoulos said: “With Taulia, we’re better positioned to serve our clients for the long term, allowing them to inject and redeploy liquidity to their suppliers, ensuring continued operations during this challenging time.”

JPMorgan global head of trade Stuart Roberts said: “We’re eager for clients to begin using the combined offering, as it brings together our depth of resources, expertise, strategic vision and vast client relationships, accelerating growth and innovation within the trade finance industry.”