Global Finance names the 2010 World’s Best Treasury & Cash Management Providers
NEW YORK, January 15, 2010 – Global Finance magazine has released its rankings for the Best Treasury and Cash Management Banks and Providers by category and region to be published in an exclusive survey in the March 2010 issue.
We have selected an overall global winner and, with an increasing number of banks looking to white label solutions from other banks, for the third time this year we have also chosen an overall global winner for the Best White Label Service Provider category. We have also selected regional winners in North America, Western Europe, Central and Eastern Europe, Asia, Latin America, Middle East, Africa and the Nordic region. Additionally in each region, winning banks have been selected across five categories encompassing payments and collections, liquidity and risk management, CLS-linked bank services and money market funds.
Global Finance editors — with input from industry analysts, corporate executives and technology experts — selected the best providers of treasury and cash management services. A variety of subjective and objective criteria were used for choosing the winners. Factors considered included: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management banks have successfully differentiated themselves from their competitors around core treasury and cash management service provision.
The high number of awards submissions we received this year reflected the changing global landscape for treasury and cash management services with increasing competition between regional, domestic and foreign banks, particularly in CEE, Asia and North America.
In recognition of the growing role of non-bank providers, we have also selected Best Treasury Management Systems & Services providers across 11 categories. “In today’s competitive global economic environment, treasurers need the best tools and advice available to make capital work harder than ever,” says Global Finance publisher Joseph D. Giarraputo. “Our awards identify the banks and providers of products and services that consistently improve transaction processes to speed collections and reduce risks.”
For editorial information please contact: Dan Keeler, Editor, email: dan@gfmag.com
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Global Finance names the World’s Best Treasury & Cash Management Providers 2010 |
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Global Winners |
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Best Overall Bank for Cash Management |
Citi |
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Best White Label System Provider |
BNY Mellon Enterprise Treasury Services |
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Regional Winners |
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Best Overall Bank for Cash Management |
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North America |
J.P. Morgan |
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Western Europe |
Deutsche Bank |
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Asia |
HSBC |
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Latin America |
Citi |
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Nordic Region |
SEB |
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CEE |
UniCredit |
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Africa |
Standard Bank |
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Middle East |
HSBC |
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Best Bank for Liquidity Management |
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North America |
J.P. Morgan |
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Western Europe |
RBS |
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Asia |
Standard Chartered Bank |
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Latin America |
Citi |
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Nordic Region |
SEB |
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CEE |
UniCredit |
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Africa |
Standard Chartered Bank |
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Middle East |
Standard Chartered Bank |
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Best Provider of Money Market Funds |
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North America |
J.P. Morgan Asset Management |
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Western Europe |
Goldman Sachs |
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Asia |
J.P. Morgan Asset Management |
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Latin America |
Banco Bradesco |
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Nordic Region |
Nordea |
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CEE |
RZB/Raiffeisen International |
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Africa |
Banque Misr |
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Middle East |
Banque Misr |
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Best Bank for Risk Management |
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North America |
J.P. Morgan |
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Western Europe |
Deutsche Bank |
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Asia |
Citi |
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Latin America |
Citi |
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Nordic Region |
SEB |
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CEE |
RZB/Raiffeisen International |
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Africa |
Citi |
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Middle East |
Citi |
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Best Bank for Payments and Collections |
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North America |
Wells Fargo |
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Western Europe |
Deutsche Bank |
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Asia |
HSBC |
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Latin America |
Citi |
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Nordic Region |
Danske Bank |
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CEE |
UniCredit |
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Africa |
Standard Bank |
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Middle East |
HSBC |
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Best CLS-Linked Bank Offering |
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North America |
RBS |
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Western Europe |
RBS |
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Asia |
HSBC |
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Latin America |
Citi |
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Nordic Region |
Nordea |
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Africa |
Standard Bank |
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Middle East |
HSBC |
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Best Treasury Management Systems & Services Providers |
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Accounts Payable Services |
Bottomline Technologies |
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Accounts Receivable Services |
SunGard AvantGard Receivables |
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Electronic Invoice Presentment and Payment Services |
Basware |
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Payroll Services |
Oracle |
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Corporate Cards and Expense Services Provider |
American Express |
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Electronic Commerce Provider |
Fiserv |
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Loss Prevention/Business Continuity Services Provider |
SunGard Availability Services |
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Pension Plan Administration Services |
CPAS Systems |
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Technology Service Provider |
IBM |
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Treasury Workstation Provider |
SunGard |
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Treasury Management Software |
Wall Street Systems |