For treasurers and CFOs, 2022 was a year like no other. A confluence of events turned the tail-end of Covid into a period of constant change. Treasury executives had plenty to watch over – the start of the Ukraine War, tightening liquidity, sharp and accelerated rise in interest rates, and accelerating supply chain shifts.
Amid these current events were other more seismic changes – technology’s rising role in treasury especially for visibility and control, the changing business model with the prevalence of marketplaces and e-commerce, and the evolving need to embed environmental, social, and governance (ESG) factors in business conduct that is no longer a nice-to-have but a critical enabler to stay ahead.
Treasurers and CFOs expect their service providers to be on top of these short- and longer-term trends. As they continue to expect excellence in transaction processing, treasurers and CFOs are also deepening their engagement with the right institutions and see them as partners as they navigate complexity and introduce convenience.
Which banks stood out in your view? The board of editors of The Asset spent the past 15 weeks speaking first with the treasurers and CFOs, collating data from the annual Asset Benchmark Research Treasury Review, and finally spending time with service providers to absorb the year that was for each institution.
Starting today, readers of TheAsset.com get a chance to vote for which institution stood out, in their view, amid the shifting dynamics of providing the critical needs of treasurers and CFOs during the past year. Please cast your vote by clicking on the logo of your choice for the categories below. We are also pleased to reveal this year's Editors' Triple Star in the link below highlighting banking solutions that are forward-thinking innovative and pragmatic.
Triple A Best Transaction Bank
This coveted Triple A Award is among the transaction banking leaders, which demonstrated the ability to implement impactful solutions across treasury and working capital. A number of factors will be at play to determine the winner of this top award with client feedback being one of the core metrics the board of editors will use.
Triple A Best ESG Transaction Bank
The Triple A Best ESG Transaction Bank is recognized for its progress in embedding sustainability in treasury and working capital. From green deposits to sustainable supply chain finance, these nominees are the stand-outs offering sophisticated tools and options for ESG-focused companies to embed sustainability into their commercial DNA.
Triple A Best in Treasury and Cash Management
In a complex year as 2022, the service providers recognized on the list have led the way helping CFOs and treasurers gain better visibility of their account balances, deployed cross-border sweeps or bank-agnostic architecture to meet clients’ needs. Moreover, banks that normally excel in this category have utilized technology to enable digital payments and reduce the cost of handling physical cash.
Triple A Best in Working Capital and Trade Finance
Service providers in this section are leaders in crafting innovative trade finance solutions, helping companies during a period of shifting trade flows. They are also the trailblazers in embracing digitalization working with platforms to digitalize letters of credit and/or bills of lading.
Triple A Best in Supply Chain Finance
Service providers see this award as defining not just in the way finance is provided to support business growth, but also a service that helps a client to strengthen business relationships across its value chain. A high-growth business, supply chain finance is becoming a significant revenue source for trade banks in the region. From supplier financing to distributor financing, service providers are putting their balance sheet to work to bridge the working capital divide facing many companies today.
Triple A Best SME Bank
No other Triple A Treasurise Award has the depth and impact in helping Asia-Pacific to sustain its growth into the future than this recognition. Helping to address the cash management and trade finance needs of SMEs (small and medium-scale enterprises) underpins the foundation of this region given that SMEs often represent more than 85% of an economy’s workforce. In today’s competitive environment, SMEs need a reliable partner to support business growth with meaningful technology solutions to improve their overall customer experience.
Triple A Best Fintech Partner
From competition to collaboration, the best service providers have learned that fintechs play a part, especially as the new economy takes shape in the coming years. Service providers often also provide the seal of assurance for clients who hesitate to embrace new technology to drive the future of treasury and finance.
Triple A Best Renminbi Bank
With the internationalization of the renminbi, a trending topic over the past several years, we are pleased to shortlist the banks that are experienced in helping companies adopt the Chinese currency into their treasury mix through the use of sophisticated tools such as cross-border sweeps and hedges.
To see the full list of regional nominees please click here.
To learn more about these awards, click here.
To join the in-person annual celebratory dinner on May 23rd 2023 in Hong Kong, please contact us at [email protected].
Stay tuned in the coming days as more announcements are on the horizon as part of The Asset Triple A Treasurise (Treasury, Trade, Supply Chain, Risk, ESG) Awards 2023.
