BNY Mellon has announced that its Treasury Services business has been named “Best Bank for Financial Institutions” in Global Finance’s 2018 Best Treasury & Cash Management Banks and Providers rankings. This is its second top ranking in the category following 2017’s recognition.
The editorial review board of Global Finance selects the best providers, based on input from industry analysts, corporate executives, technology experts, and independent research. Global Finance will formally present its awards at a ceremony held on October 24 in Sydney at SWIFT’s annual Sibos conference.
BNY Mellon Treasury Services offers its clients solutions in global payments, trade services, cash management, and foreign exchange. It operates in 36 countries, helping clients optimize cash flow, manage liquidity, and make payments more efficiently in more than 120 currencies. Its services help organizations conduct operations, assisting them in their efforts to optimize cash flow, ensure adequate liquidity, and manage risk.
“We are honored to place in the top of Global Finance’s rankings for the second year running,” said Ian Stewart, CEO of BNY Mellon's Treasury Services business. “The award reflects our investments in technology, commitment to innovation, collaborative client interaction, and broad industry expertise. It echoes the consistently high levels of satisfaction we hear in client surveys as well.”
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