Insurtech UK announces J.P. Morgan Payments as a Principal Banking Partner

Insurtech UK, representing the British insurtech sector, is announcing J.P. Morgan Payments as its first Principal Banking partner.  

This association as Principal Banking partner affords J.P. Morgan Payments the opportunity to engage with Insurtech UK members, collaborating on thought-leadership with Insurtech UK and hosting events to share insights with the member base. J.P. Morgan Payments combines treasury services, trade & working capital, card and merchant services capabilities to help clients pay customers or employees, in different currencies, around the world. It processes nearly $10 trillion payments daily, operating in over 160 countries and over 120 currencies, and is #1 in USD payments volume.

Insurtech UK members will benefit from access to the skills and experience of the sector experts at J.P. Morgan Payments. Having a banking partner is particularly important for the Insurtech UK membership base, and having access to a global financial services firm like J.P. Morgan can help members achieve their global ambitions. 

This is a major step for Insurtech UK as it continues its mission to be the representative voice for insurtech in the UK and the largest non-profit insurtech association. Insurtech is a major part of the broader fintech market and having J.P. Morgan Payments on board will further the mission to transform the insurance industry through the use of technology, and to make the UK the global leader for insurance innovation.

Melissa Collett, Insurtech UK’s CEO said, “We are delighted to have J.P. Morgan Payments on board as our first Principal Banking partner at Insurtech UK. This is a fantastic opportunity for our members to have access to J.P. Morgan Payments’ global expertise in a rapidly changing insurance market. We know that J.P. Morgan Payments is a dedicated partner and will bring exceptional value to all our members through their insights and facilities. We look forward to our work together and developing this partnership further.”

Darren Snoxell, Head of Insurance for EMEA from J.P. Morgan Payments, said, “We are excited to work with Insurtech UK to help drive innovation and transformation in the insurance sector. J.P. Morgan Payments brings a wealth of experience in global financial services and this collaboration signifies our commitment to staying at the forefront on industry advancements.” 

UK Insurtech lead at J.P. Morgan Payments, David Hemmings, adds, “This partnership aligns with our commitment to delivering unparalleled payments solutions to the UK insurtech market. We believe that by harnessing the power of technology and data, we can create more seamless and secure financial experiences. This collaboration with Insurtech UK underscores our dedication to driving innovation and shaping the future of payments”.