J. P. Morgan praised BCS Bank’s team for excellence in STP (straight through processing) in 2020. Only fewer than 1 percent of J. P. Morgan’s STP customers were eligible for the award last year.
The awards provide further evidence of the high quality of payment orders from BCS Bank, allowing J. P. Morgan to forward the payments without any further manual operations, which makes processing cheaper and simpler.
BCS Bank scooped awards in three categories:
The figure following the award title refers to the share of automatically processed wires.
Set up in 1997, J. P. Morgan Quality Recognition Awards has been widely considered as the hallmark of excellence of operational teams.
A message from management of BCS Global Markets
The continuously evolving nature of the global coronavirus situation has meant we at BCS Global Markets (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today (Wednesday 18th March) employees from all divisions of the business based in our Russia, UK, USA and Cyprus offices who can work from home without creating any even minor possible risk for business continuity of the Group will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.