TRANSACTION BANKING AWARDS 2020

While the industry has modernised its systems to help treasurers monitor cash positions, reduce friction in cross-border payments, and utilise application programming interfaces (APIs) to simplify the onboarding of new processes, the importance of trade itself has come to the fore as banks have help...

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Bibliographic Details
Published in:The Banker 2020-09, p.40
Format: Article
Language:English
Subjects:
Application programming interface
Artificial intelligence
Automation
Bank technology
Banking industry
Banks
Blockchain
Cash management
Coronaviruses
Corporate profiles
COVID-19
Customers
Interfaces
Medical supplies
Mobile commerce
Personal protective equipment
Suppliers
Supply chains
Trade finance
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Summary:While the industry has modernised its systems to help treasurers monitor cash positions, reduce friction in cross-border payments, and utilise application programming interfaces (APIs) to simplify the onboarding of new processes, the importance of trade itself has come to the fore as banks have helped their clients in the fight against coronavirus. CITI Cit's international presence, combined with its focus on continuing development of its transaction banking processes across all markets, helped the bank to win the overall award. [...]Citi saw mobile logins increase by 11% across the region during the first quarter of 2020. Francesco Burelli, partner, Arkwright Consulting JUDGING PANEL Eric Li, research director, Coalition Development Kimberley Long, Asia editor, The Banker Joy Macknight, managing editor, The Banker Ronan O'Kelly, global head of corporate and transaction banking, Oliver Wyman Wim Raymaekers, global head, banking market, Swift Didier Vandenhaute, partner, PWC AFRICA WINNER:
ISSN:0005-5395