BNY Wins Best Transaction Banking Services in North America and receives other recognition from The Digital Banker.
BNY’s Treasury Services business has been recognized with five awards from The Digital Banker’s 2024 Global Transaction Banking Innovation Awards: Best Bank for Cash Management - North America; Best Bank for Payments & Collections - North America; Best Bank for Supply Chain Finance - North America; Best Bank for Trade Finance - North America; and Best Bank for Transaction Banking Services - North America.
The transaction finance landscape is undergoing a series of changes, with the introduction of domestic real-time payment systems, cross-border integration schemes and API-led open banking initiatives. With innovations such as Virtual Account-Based Solutions and the launch of BankifySM, BNY is enhancing its ability to meet evolving client needs.
Jennifer Barker, Global Head of Treasury Services and Depositary Receipts, BNY said: “These awards, a first win for BNY, highlight how we are establishing new benchmarks and placing clients at the heart of our strategy by focusing on a value-added portfolio of products and services. Our solutions are designed to be modern, efficient and scalable, providing clients with the transparency, insights and control they desire. This recognition reflects our teams’ commitment to remain flexible and innovative to meet our clients’ evolving needs.”
The Global Transaction Banking Innovation Awards, organized by The Digital Banker, honor preeminent banking institutions and their contribution to transaction banking. The virtual awards ceremony took place on August 22nd, 2024.