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Global Finance Names the World’s Best Treasury & Cash Management Providers 2014
New York, January 31, 2014 - Global Finance 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, 2014, issue.
We have selected an overall global winner and a 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-Pacific, Latin America, Middle East, Africa and the Nordic region. Additionally in each region, winning banks have been selected across four categories encompassing payments and collections, liquidity, risk management, and money market funds. We have also selected the Best Treasury Management Systems & Services providers across 20 categories, including one new category, Best Cloud-Based Offering.
Global Finance used a multi-tiered assessment process—which included a readers’ poll, input from industry analysts, corporate executives, technology experts and independent research—to select the best providers of treasury and cash management services. A variety of subjective and objective criteria were considered, including: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.
Awards submissions we received this year continued to reflect the changing global landscape for treasury and cash management services. “Treasurers have increasingly sophisticated options when it comes to global and regional cash management banks,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance . “Not only is technology becoming ever-more-advanced and easier to use, but in addition, many local banks in emerging regions are stepping up their game: building a regional presence and partnering with global banks to offer a one-stop global shop to corporate clients.”
This translates into greater competition among providers. The winners in our annual Treasury & Cash Management awards are those that offer sophisticated regional and/or global solutions with a best-of-breed technology backbone and a client-centric front end.
GLOBAL FINANCE TRANSACTION PROCESSING AWARDS CEREMONY
An Awards Ceremony for all winners will be conducted at the same time as the October, 2014, SIBOS conference in Boston, MA. More details to follow.
Best Overall Bank for Cash Management | Citi |
Best White Label System Provider | BNY Mellon |
Best Overall Bank for Cash Management | |
North America | Bank of America Merrill Lynch |
Western Europe | Deutsche Bank |
Nordic Region | Danske Bank |
CEE | UniCredit |
Latin America | Citi |
Asia-Pacific | Standard Chartered |
Middle East | Abu Dhabi Commercial Bank |
Africa | Standard Bank |
Best Bank for Liquidity Management | |
North America | Bank of America Merrill Lynch |
Western Europe | Deutsche Bank |
Nordic Region | Danske Bank |
CEE | Royal Bank of Scotland |
Latin America | Citi |
Asia-Pacific | HSBC |
Middle East | HSBC |
Africa | Standard Bank |
Best Provider of Money Market Funds | |
North America | J.P. Morgan Asset Management |
Western Europe | Deutsche Asset & Wealth Management |
Nordic Region | Nordea Asset Management |
CEE | Deutsche Asset & Wealth Management |
Latin America | Santander |
Asia-Pacific | HSBC Global Asset Management |
Middle East | Banque Misr |
Africa | Standard Bank |
Best Bank for Risk Management | |
North America | Bank of America Merrill Lynch |
Western Europe | Deutsche Bank |
Nordic Region | Danske Bank |
CEE | Raiffeisen Bank International |
Latin America | Citi |
Asia-Pacific | HSBC |
Middle East | HSBC |
Africa | Citi |
Best Bank for Payments and Collections | |
North America | Wells Fargo |
Western Europe | Deutsche Bank |
Nordic Region | Danske Bank |
CEE | Raiffeisen Bank International |
Latin America | Citi |
Asia-Pacific | HSBC |
Middle East | National Bank of Abu Dhabi |
Africa | Standard Bank |
Accounts Payable Services | Basware |
Accounts Receivable Services | SunGard AvantGard Receivables |
Electronic Invoice Presentment and Payment Services | Ariba |
Payroll Services | ADP |
Corporate Cards and Expense Services | MasterCard |
Multichannel Payments Services/Solutions | The Logic Group |
Loss Prevention/Business Continuity Services | IBM Business Continuity & Resiliency Services |
Pension Plan Administration Services | Mercer |
Treasury Workstation | SunGard AvantGard |
Hosted TCM Solutions | SunGard AvantGard |
Software-as-a-Service (SaaS) Offering | Kyriba |
ERP Solution | SAP |
SWIFT Utility Access | Fundtech |
Cash Forecasting | SAP |
Treasury Analytics | Reval |
Corporate Risk Management Solutions | Reval |
TCM Consultancy Services | EY |
Most Innovative New Solutions | Garanti Bank |
Best Mobile Solutions | Wells Fargo |
Best Cloud-Based Offering | SunGard |