By Anita Hawser and Rebecca Brace
|Best Overall Bank for Cash Management||Citi|
|Best White Label System Provider||BNY Mellon|
BEST OVERALL BANK FOR CASH MANAGEMENT
Citi provides services to 65,000 corporations in 140 countries. The bank, which has annual sales of over $10 billion, includes in its client list 97% of the top 300 companies of the 2012 Forbes Global 2000, as well as governments, central banks, financial institutions and asset managers. Citi processes over five million transactions a day in over 130 currencies, while average deposits currently stand at $415 billion after growing 14% in the last year.
Naveed Sultan, global head, treasury & trade solutions, Citi Transaction Services, says: “Through offerings such as our award-winning CitiDirect BE Mobile, we are furthering our goal to be the world’s digital bank by enabling our clients to manage their operating accounts, including intraday liquidity, transact and even inform their suppliers via mobile.”
BEST WHITE LABEL SYSTEM PROVIDER
Providing private label services for client banks is an area of strategic focus for BNY Mellon. “Our private label solutions are market leaders because they allow banks to manage costs and risks in today’s increasingly challenging regulatory environment while also delivering customer-centric products and services to their clients,” says Susan Skerritt, executive vice president and global head of business strategy & market solutions for BNY Mellon’s Treasury Services group.
According to Skerritt, “Examples of recent advances include an improved electronic banking platform, advanced imaging technologies, integration of green initiatives into workflows, new remote processing capabilities, and a single-sign-on solution that allows customers of client banks to connect with our service delivery platform seamlessly, reliably and securely.”