BNY Mellon continues private label service delivery excellence with Best White Label System Provider recognition in Global Finance magazine's Best Treasury and Cash Management 2012 rankings
NEW YORK, February 27, 2012 — For the fifth consecutive year, Global Finance magazine's annual survey of the world's best treasury and cash management providers assigned a number one global ranking to BNY Mellon as best provider of private label treasury services. BNY Mellon's top ranking as a treasury services provider to client banks will appear in the March, 2012 issue of Global Finance magazine.
BNY Mellon's private label offerings leverage BNY Mellon's product, customer support and technology strengths in the treasury services space in support of client banks. Private label offerings enable clients to provide a competitive suite of sophisticated treasury services while minimizing the costs and operational complexities associated with product development and platform and system enhancements. Services are provided to client financial institutions in a variety of forms, ranging from private label processing solutions to full operations outsourcing. Private label services are provided across BNY Mellon's broad array of cash management and multicurrency payment solutions. Specific offerings include wholesale and retail lockbox, controlled disbursement, trade finance, U.S. dollar and FX wire transfers, electronic invoicing and accounts payable processing, and direct remittance services.
"We're committed to maintaining the BNY Mellon traditions of operational excellence, innovation, strong client relationships and value delivery in the private label services space," said J. David Cruikshank, chief executive officer of BNY Mellon Treasury Services. "Receiving this recognition for the fifth consecutive year demonstrates that we're accomplishing what we set out to achieve, and doing so during a period when challenging economic conditions, rising client expectations and the benefits of our manufacturer-distributor model are converging to make outsourcing an increasingly attractive solution."
Global Finance prepares its rankings for Best Treasury and Cash Management Banks on the basis of input from industry analysts, corporate executives and technology experts. A complete awards listing appears each year in the magazine's March issue.
With locations in 34 countries on six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon Treasury Services delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies. Processing more than $1.5 trillion in payments transactions on a daily basis, the company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of private label treasury services solutions for banks and other large institutional clients.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.