Sunday, 30 June 2024
The following are the current and most updated awards categories. These categories are adjusted periodically to reflect the changes taking place in the transaction banking industry. Note that in our awards classification, International Transaction Banks refer to international banks operating in a particular region, while Domestic Transaction Banks refer to institutions having a domestic/ regional presence in key regional markets only.
Financial institutions from Asia Pacific and Middle East & Africa can choose to apply across more than 40 different award categories. These awards are open to banks, non-bank financial institutions, financial technology companies, and other alternative players from Asia Pacific, Middle East and Africa region. Each category lists awards applicable specific to region, unless otherwise stated.
1. International Transaction Finance Awards in Asia Pacific/Middle East/Africa
The International Transaction Finance Awards recognise international banks with a robust regional franchise that demonstrate implementation of strong global customer mandates in addition to supporting customers’ complex financial operations across multiple geographies.
- Best International Transaction Bank
- Best Regional International Transaction Bank
- Best International Cash Management Bank
- Best International Trade Finance and or/Supply Chain Finance Bank
- Best International FX Bank
- Most Sustainable International Transaction Bank
The detailed evaluation criteria and scorecard for the entries mentioned can be found at the following link: https://www.asianbankerawards.com/transactionfinanceawards/criteria.php
2. Payments and Currency Clearing Awards (applies to Asia Pacific only)
The Payments and Currency Clearing Awards recognise the increasing development and sophistication of multi-currency and cross-currency clearing capabilities of global banks. Winning banks are selected based on a combination of their payment and FX capabilities, as well as their currency clearing services rankings by domestic banks in the FI satisfaction survey.
- Best Global (Multi-currency) Clearing Bank
- Best Dollar Clearing Bank
- Best EURO Clearing Bank
- Best GBP Clearing Bank
- Best RMB Clearing Bank
The detailed evaluation criteria and scorecard for the entries mentioned can be found at the following link: https://www.asianbankerawards.com/transactionfinanceawards/criteria.php
3. Domestic Transaction Finance Awards (By Country)
The domestic awards, also known as transaction finance awards by country, recognise strong transaction service providers. They typically demonstrate a significant market presence, the ability to secure a substantial share of local corporate wallets in cash management and working capital and excel in resolving operational challenges in a domestic context.
- Best Transaction Bank
- Best Cash Management Bank
- Best Trade Finance/and or Supply Chain Finance Bank
- Best Payments Bank
- Best FX Bank
The detailed evaluation criteria and scorecard for the entries mentioned can be found at the following link: https://www.asianbankerawards.com/transactionfinanceawards/criteria.php
4. Frictionless Transaction Awards in Asia Pacific/Middle East/Africa
Frictionless Transaction Awards are designed to track and recognise customer initiatives through a solution-centric approach. Winners exemplify excellence in customers' problem scoping, effective solutioning across several emerging categories, and, more importantly, significant impact demonstrated through improvements in customer financial and non-financial metrics.
- Best Corporate Mobile/Business Digital Banking Initiative
- Best Business Ecosystem/Platform Initiative
- Most Sustainable Trade and Supply Chain Finance Initiative
- Best Productivity, Efficiency and Automation Initiative
- Best Blockchain in Trade and Supply Chain Finance Initiative
- Best Treasury Management Solution, Initiative
- Best Digital KYC/Onboarding Initiative
- Best API Initiative
- Best Payments Initiative
- Best Financial Supply Chain Initiative
- Best Virtual Account Management Initiative
- Best Digital Trade Finance Platform
- Best ERP Integration/H2H Solution, Initiative
- Best Collection Solution/Initiative
- Best Tokenisation Initiative
The detailed evaluation criteria and scorecard for the entries mentioned can be found at the following link: https://www.asianbankerawards.com/transactionfinanceawards/criteria.php
5. Leadership in Transaction Finance Awards
The Transaction Finance Person of the Year recognises global and/or regional transaction bankers with exceptional leadership skills, perseverance, vision and verve to grow their franchises sustainably. Winners demonstrated distinguished career in financial services, leadership of successful institutions with a robust performance track record, inspirational achievements during challenging and transformational periods, and a significant impact that sets a precedent in the industry. Please note that banks are not required to nominate their heads for this award. TAB Global personnel, in conjunction with the panel of advisors, nominate the Transaction Finance Person of the Year.
The detailed evaluation criteria and scorecard for the entries mentioned can be found at the following link: https://www.asianbankerawards.com/transactionfinanceawards/criteria.php
6. Bankers’ Choice Awards
Bankers’ Choice Awards, industry’s first bank-partner corporate recognition programme, recognise winners who collectively leverage the financial supply chain to add value to their business partners' upstream and downstream activities. In these set of awards, partner banks mandate execution capabilities and customers’ resilience are jointly recognised.
1. Financial Supply Chain Awards
- Best Supplier Relationship Management
- Best Inventory Management
- Best Financial Supply Chain Management
- Best Balance Sheet Management
2. Bank-Client Partnership Awards
- Best Corporate Trade Finance Deal
- Best Cash Management Project
- Best Corporate Payments Project
- Best Transactional FX Deal
- Best Shared Service Centre/Outsourcing Management
The detailed evaluation criteria and scorecard for the entries mentioned can be found at the following link: https://www.asianbankerawards.com/transactionfinanceawards/criteria.php
