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UniCredit named Best Bank for Supply Chain Finance in The Banker's Transaction Banking Awards 2020

UniCredit named Best Bank for Supply Chain Finance in The Banker’s Transaction Banking Awards 2020

The Banker has recognised UniCredit's comprehensive approach to supply chain finance - as well as its commitment to delivering effective, tailored solutions to clients, and its rapid response to the pandemic - in this years' Transaction Banking Awards.



The Banker has today named UniCredit as Best Bank for Supply Chain Finance, in its annual Transaction Banking awards.


This accolade recognises not only UniCredit's innovative and tailored supply chain finance solutions, based on a thorough understanding of corporates' needs, but also its rapid response to the COVID-19 pandemic - helping clients support their suppliers with a growing range of digital tools.


"Given the pandemic's impact on the global economy, and the ongoing challenge of keeping supply chains liquid, supply chain finance is more important than ever," say Giovanni Solaroli and Luca Corsini, UniCredit's Co-Heads of Global Transaction Banking. "Our comprehensive approach to supply chain finance, along with our commitment to developing innovative and efficient solutions, has ensured we can continue to meet clients' unique, ever-changing needs. This recognition from The Banker, one of the industry's most prestigious awards programmes, is testament to our teams' hard work, expertise, and dedication to providing our clients with best-in-class tailored solutions."


UniCredit's holistic approach with respect to the supply chain and working capital efficiency has been essential in helping clients develop proactive strategies to protect their supply chains. Depending on size and situation, this can be achieved by employing traditional solutions such as supply chain finance or "reverse factoring" solutions, as well as more innovative solutions such as dynamic discounting, which has been increasingly used to "fix" supply chain disruption during this crisis.


With respect to innovation, UniCredit has recently partnered with a number of fintechs to extend the reach of its offering as well as streamline the user experience. The Taulia partnership is one example: a San-Francisco-based fintech that provides digital supply chain solutions for buyers and suppliers - helping with cash forecasting, electronic invoicing, and dynamic discounting. Another is FinDynamic: an Italy-based fintech that enables UniCredit to provide clients with a digital dynamic discounting portal that enables buyers and suppliers to automatically view their invoices and select approved invoices for early payment.


This latest awards success follows on the heels of the Euromoney Awards for Excellence, handed out in July, where UniCredit picked up six accolades, including Best Bank for Transaction Services in Central & Eastern Europe.



Milan, 1st September, 2020


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About UniCredit

UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 13 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia and Slovenia.

Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.