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Aug. 12, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has won
EMEA Finance magazine's award for Best Transactional Bank for Financial Institutions in
Middle East and
Africa for the fourth year in a row.
The award recognises BNY Mellon's innovative approach to developing and implementing client-focussed solutions in transactional banking.
Dominic Broom, head of EMEA sales and relationship management, Treasury Services at BNY Mellon, said: "Our industry is going through an unprecedented era of regulatory, technological and economic change, and that means we need to focus on liquidity and supply chain stability more than ever. BNY Mellon has accordingly introduced innovative solutions to help our clients adapt to this changing landscape, such as our new Intraday Liquidity Analytics tool. This tool provides our clients with insight into their day-to-day liquidity flows, to help them keep down costs and free up resources from manual balance monitoring."
Earlier this year BNY Mellon received bronze awards in three categories – Best Trade Services Provider, Best Bank for Supply Chain Finance and Best Trade Bank in
Latin America – at the TFR Awards for Excellence.
Notes to editors:
With locations on six continents and an extensive global network of correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services and cash management. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 countries. The company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of private-label treasury services solutions for banks and other large institutional clients.