The bank triumphs at The Asset awards, claiming honors for Best Structured Trade Finance, Best New Economy, and Best Non-Bank Financial Institution (NBFI) Bank in the APAC region, due to their successful Global Hausbank offering.
In the recent The Asset Awards 2024, Bank X, a leading financial institution, was honoured for its accomplishments in cash management and trade finance solutions. The bank was recognised in 13 markets for the Best Cash Management Solution and in 7 markets for the Best Trade Finance Solution.
The evaluation process for these awards included client feedback from the Annual Benchmark Survey, client interviews, and detailed awards pitches. A total of 45 client solutions were highlighted as the best in the industry, with Bank X being one of the many colleagues and teams from the bank that were recognized across the region.
Bank X's success was specifically linked to its work with 'new economy' clients and non-bank financial institutions. The bank demonstrated particular strength in South Asia and ASEAN regions, and its focus on growing the Corporate Bank as the backbone of the website is paying off.
The strategy of the Corporate Bank positions it for continued and sustainable growth. The bank's strong performance across its services was recognised, with its ability to provide holistic solutions for clients navigating turbulent markets and driving innovation and excellence being a key factor.
In the cash management category, banks that won this award emphasize innovation and digital ecosystems that streamline payments and cash visibility. For instance, Raiffeisen Bank International won Best Bank for Cash Management by prioritizing collaboration and introducing digital offerings such as SEPA Instant Payments and the Swift ISO 20022 migration within a new cash management digital ecosystem.
Similarly, the bank's cash management solutions offer multi-channel, real-time payment capabilities, seamless integration with global and local payment systems, advanced digital platforms for payment processing, liquidity management, and collections, and strong regional and global support teams focused on creating client-centric, personalized financial services.
In the trade finance category, winning banks typically offer tailored, efficient trade finance platforms that facilitate cross-border payments and liquidity management. While the search results do not mention specific trade finance solutions by name, recognition in multiple markets strongly implies the banks have advanced platforms that support complex international trade finance needs with digital tools and process automation.
The publication also recognised Matthew Moodey, Head of Trade Finance & Lending for Asia Pacific, as Structured Trade Finance Banker of the Year. The bank is doubling down on its growth in regions like ASEAN and key markets like North Asia and South Asia, with its success in growing business with 'new economy' clients in Asia Pacific being a significant achievement, as evidenced by wins for "Best in Treasury and Working Capital-New Economy" and "Best in Treasury and Working Capital-Non Bank Financial Institutions".
In conclusion, the awards reflect Bank X's commitment to innovation and digital transformation in treasury, payments, and trade finance platforms, which are driving these recognitions. For more specific details about the bank's winning contributions, additional information may be found in the full award citations or bank announcements.
- Bank X's success in the recent The Asset Awards 2024, including winning Best Cash Management Solution in 13 markets and Best Trade Finance Solution in 7 markets, showcases its prowess in risk management within the banking-and-insurance industry, particularly in the areas of finance and business.
- In the cash management and trade finance categories, Bank X's solutions demonstrate a strong focus on innovation, digital platforms, and offering holistic, client-centric, and personalized financial services, thereby positioning it as a leader in the industry, including the finance and business sectors.
%20Bank%20in%20the%20APAC%20region%2C%20due%20to%20their%20successful%20Global%20Hausbank%20offering.){kind=link}