- Client-led survey names UniCredit as either the 'Market Leader' or 'Best Service Provider' in Central and Eastern Europe and a further eleven countries.
UniCredit has been recognised as the Leading Provider of Cash Management Services in eleven individual countries (including Italy and Austria) as well as across Central and Eastern Europe.
At the same time, the bank was also voted Best Service Provider for Cash Management in eight countries, retaining its top ranking in Italy and Germany, whilst breaking new ground in Serbia and Slovakia (improving on second place in both countries in last year's survey).
Euromoney's annual Cash Management Survey canvasses the leading cash managers, treasurers and financial officers worldwide and is considered the benchmark survey for the global cash management industry - this year collecting in excess of 21,000 responses from non-financial institutions.
Commenting on this year's survey, Luca Corsini, Head of Transactions & Payments, UniCredit, said: "Our pan-European success in this year's survey is underpinned by a constant push to simplify the client experience, as shown by the development of our new, digital e-banking and advanced international payment services. We are keeping our clients at the centre of everything we do and I would like to thank our teams for their collaborative spirit, expertise, and commitment to this end."
Full results breakdown as follows:
UniCredit voted Market Leader in:
· Central and Eastern Europe
· Bosnia and Herzegovina
· The Czech Republic
UniCredit voted Best Service Provider in:
· Bosnia and Herzegovina
UniCredit has made a number of changes to its digital transaction services over the last twelve months, primarily through three new client-facing channels. The first of these is the PayFX front end, which allows clients to execute cross-border payments at pre-agreed wholesale spreads. The latest investments in the Italian service significantly expand its reach, providing seamless conversion for over 112 currencies.
The bank has also introduced digital factoring in Italy, an initiative that includes a review of the current user experience whilst deploying new front-end tools that will lead to the delivery of factoring services to a broader client base, including small and mid-sized corporates.
The third channel, UC Hedge, is a data-driven solution that offers risk hedging options based on invoices and payments flows - allowing clients to execute FX hedging directly.
In each case, UniCredit has sought to bolster its client connectivity and operational efficiency.
This latest recognition continues UniCredit's excellent track record in the transaction banking space, with the bank picking up titles as 'Best Bank for Transaction Services in Western Europe' in Euromoney's Awards for Excellence in both 2021 and 2022, as well as being recognised as the 'Best Treasury and Cash Management Bank in Germany' by Global Finance earlier this year.
Milan, 31 October 2022
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