Bank completes clean sweep of major Western European transaction banking awards, having also been recognised as 'Western Europe's Best Bank for Transaction Services' in July's Euromoney Awards for Excellence.
UniCredit has been named 'Best Transaction Bank in Western Europe' at The Banker's 2021 Transaction Banking Awards - an accolade that sees the bank complete an impressive double of major transaction banking awards, having been recognised as 'Western Europe's Best Bank for Transaction Services' at the Euromoney Awards for Excellence in July.
Judged by a panel of experts, The Banker's Transaction Banking Awards single out the banks that have demonstrated a clear strategy and progress over the last year, as well as those that have gone above and beyond to serve clients and meet their evolving needs.
Commenting on the recent successes, Luca Corsini, UniCredit's Head of Global Transaction Banking, commented: "Our clients lie at the heart of everything we do and as ever, we are dedicated to finding the best possible solutions to support them. Across the board, corporates have been looking to maximise liquidity and manage the complexities posed by the pandemic and we have risen capably to this demand - rolling out new cash management and open banking solutions to help them centralise their operations and optimise control."
Turning to the theme of digitalisation, Corsini added: "Elsewhere, we have used both our own and our partners' digital solutions - such as Trade Finance Gate and Trade Finance OCR - to lower the barriers to financing and risk mitigation, providing creative working capital solutions to help clients and their supply chains secure payments in a way that optimises balance sheet impact. Digitalisation will remain integral to how we shape the business moving forward."
Indeed, these overarching sentiments were also echoed by The Banker's independent judges: "We were impressed by UniCredit's work to further the development of digital services for its clients, such as cash management solutions devised to support cash controls during the pandemic. The examples given helped to bring their importance to life."
Notably, this year's award marks the second time in three years that UniCredit has been crowned 'Best Transaction Bank in Western Europe' by the magazine - contributing to a burgeoning tradition of success in the region that also includes recognition as The Banker's 'Best Bank for Supply Chain Finance' in 2020 and as the best global trade finance bank for customer service in Euromoney's 2021 Trade Finance Survey.
Milan, 01 September, 2021
UniCredit Media Relations