HSBC has been named Global Bank of the Year for Cash and Liquidity Management in the Treasury Management International 2017 Awards for Innovation and Excellence.

The annual awards recognise banks for the quality of their service and their efforts to find new and better ways of meeting corporate clients’ needs. HSBC was also named:

• Best Bank for Cash and Liquidity Management for Asia Pacific
• Best Bank for Financial Supply Chain Management in Europe
• Best Bank for Financial Supply Chain Management in Asia Pacific
• Best Bank for Financial Supply Chain Management in North America

Two further awards reflect the bank’s ongoing investment in digital technology, which is helping business customers trade across borders, manage money and accept payments quickly and efficiently (see box) . These are:

• Best Bank for a Mobile Treasury Solution (for our mobile payments service for corporate clients in India)
• Best Bank for a Trade Finance Solution (for the Tradeshift online platform)

Diane S Reyes, Head of Global Liquidity and Cash Management (GLCM), HSBC, said: “GLCM has been an engine for growth and strategic investment in digital transformation. We were named Best Global Cash Manager in the recent Euromoney Cash Manager Survey and these latest awards cement our position as the number one provider of liquidity and cash management solutions globally. Over the past year alone HSBC net Mobile has grown 55 per cent by volume and more than 60 per cent in value. It’s proof our digital strategy is working and I’m very pleased to see our efforts are being recognised globally.”