UniCredit number 1 in cash management in Western Europe
Tuesday 11 May 2021
UniCredit named Best Cash Management Bank in Western Europe in Global Banking & Finance Review’s Treasury & Cash Management Banking Awards 2021.
The UniCredit GTB team has continued its run of awards success in recent years with top honours at Global Banking & Finance Review’s 2021 awards, taking home the prize for Best Cash Management Bank Western Europe.
The win follows a year of strong investment across the bank’s cash management offering by developing new digital tools, such as account aggregation and digital document signing, and optimising existing ones, including virtual accounts, instant payments, and SWIFT gpi.
In particular, the judges were impressed by the UniCredit Online Aggregator, an innovative multi-bank cash management solution that builds on open banking principles to give corporate customers access to any and all of their bank accounts with EU banks via one single interface.
“We are very happy to be recognised with such a strong result in Western Europe, a key strategic region for the bank and home to some of our core markets.” says Raphael Barisaac, UniCredit’s Global Head of Cash Management and Global Co-Head of Trade. “It is particularly pleasing to see this recognition for our online aggregator service, which enables clients to review their balances and execute payments across their accounts with multiple banks via a single UniCredit platform. Developments such as this demonstrate how we are able to continue to support to clients in a challenging environment, while simultaneously driving innovation”.