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JP Morgan and Taulia have announced a deal under which the U.S bank will offer Taulia’s SCF platform as the onboarding solution for its clients, allowing them to switch between bank-funded and self-funded early payments schemes. The agreement, described as a ‘strategic alliance’, has been rumoured for some time and is believed to have been in advanced discussions since late 2019. While other fintecs have arrangements with banks as funders and for client introductions, this is believed to be the first time a global bank and fintec have worked so closely together.
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