Intelligent Fin.tech Issue 24 | Page 45

R E G I O N A L R E V I E W

R E G I O N A L R E V I E W

RICA

Euromoney Awards for Excellence
• North America ’ s Best Digital Bank and Western Europe ’ s Best Digital Bank , recognising the bank for its digital capabilities and use of technology to benefit clients and for efficiency .
• World ’ s Best Bank for Trade Finance for providing financial solutions to importers and exporters worldwide that mitigate the payment and supply risk involved in international trade , as well as being at the forefront of new technologies that are streamlining trade finance processes and accelerating innovation .
• North America ’ s Best Bank for Transaction Services , recognising BofA ’ s excellence in cash management , payments and trade finance across North America through innovative technology and best-inclass performance .
Global Finance
• Most Innovative Bank in North America , based in part on its annual technology investments and corporate culture of supporting client needs and continuous improvements to the client experience .
• World ’ s Best Bank for Transaction Banking , including top honours in North America and Latin America
• World ’ s Best Bank for Collections , including top honours in Latin America and Western Europe
• Western Europe ’ s Best Bank for Payments
Celent Model Bank Awards
• Customer-Centred Innovation Award for the Bank of America unified mobile app experience as well the award for Reimagining Trade and Supply Chain Finance for its Open Account Automation solution for business clients . Open Account Automation , the first module of CashPro Supply Chain Solutions , addresses invoice approval and payment , one of the most common processes in global trade , and speeds up the time to approve an invoice from days or weeks to now a matter of minutes .
The Asian Banker : Transaction Finance Awards
• Best International Cash Management and Transaction Bank in Asia Pacific for commitment to ‘ true and tangible innovation that supported the development of numerous digital corporate banking solutions .’
• Best Treasury Management Initiative for reducing FX trade and settlement volumes by an average of over 85 % and saving 40-man hours weekly .
• Best Cash Management Project in Asia Pacific for halving the number of bank accounts and consolidating over 60 % of cash in Asia for repatriation .
Treasury Management International ( TMI ) Awards for Innovation & Excellence
• Best Mobile Technology Solution for Treasury , recognising CashPro as www . intelligentfin . tech
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