AFFIN Group has received the J.P. Morgan U.S. Dollar Clearing Elite Quality Recognition Award for the third consecutive year, recognising its excellence in cross-border transaction processing from 2023 to 2025.
The award places AFFIN in J.P. Morgan’s MT202 Elite category which is reserved for financial institutions that achieve a Straight-Through Processing (STP) rate of at least 99.70%.
AFFIN recorded a 100.00% STP rate for MT202 transactions, exceeding the programme’s benchmark and indicating that transactions were processed automatically without errors or manual intervention.
The Elite Quality Recognition Award is part of J.P. Morgan’s global programme that has recognised high standards in transaction processing since 1997. MT202 transactions are interbank transfers that facilitate cross-border U.S. dollar payments, particularly for treasury and correspondent banking operations.
AFFIN said the achievement reflects its strong operational discipline and close partnership with J.P. Morgan. The consistent performance highlights the Group’s efficiency in managing cross-border payments and treasury flows.
President and Group Chief Executive Officer of AFFIN Group,Datuk Wan Razly Abdullah said the recognition demonstrates the Group’s commitment to operational excellence and supports the strategic pillars of the AFFIN Axelerate (AX28) Plan, which focuses on customer service, digital leadership, and responsible banking.
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri
