BNY Mellon, a global leader in investment management and investment services, has announced that its Treasury Services business has been recognized as a Distinguished Provider of Transaction Banking Services for U.S. Dollar Transactions by FImetrix. FImetrix announced its rankings on March 27, 2018.
BNY Mellon has attained the recognition each year since 2012.
FImetrix, a market research firm specializing in financial institutions, bases its Distinguished Provider rankings on research conducted with over 550 banks globally. In this year’s research, BNY Mellon clients consistently reported that the bank has exceeded global market standards in delivering transaction services. Factors included operational efficiency, customer service, technology, product range, and employee skill sets. The accolade comes at a time when competition in transaction services is increasing.
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.
“This recognition as a Distinguished Provider for the sixth year in a row underscores our long-term strengths as a provider of USD-denominated transaction services, as well as the impact of our continued investment in the future,” said Ian Stewart, CEO of BNY Mellon's Treasury Services business. “We continue to expand our award-winning services to provide new cash payments capabilities and processing efficiencies, while supporting more than 120 currencies on a single platform."
To learn more about BNY Mellon’s Global Transaction Banking solutions, please visit our website.