2015 TMI Awards for Innovation and Excellence: The Judges’ Comments
by Helen Sanders, Editor
Now in their seventeenth year, the 2015 TMI Awards for Innovation and Excellence once again attracted a great deal of interest from banks, technology providers and consultancy practices worldwide. The quality of the submissions was excellent in many cases, leading to many difficult discussions and debates amongst the judges, but ultimately, the final list was agreed. In addition to finding out who the winners were in each category, which is provided separately, we thought many readers would be interested to find out a little more about the reasons why the judges ultimately opted for the final winners. As some banks and vendors won awards in multiple categories, we have listed award winners alphabetically, including all of the awards for each winner.
If you would like to download a list of all winners of the 2015 TMI Awards for Innovation and Excellence then please click here (PDF).
Adu Dhabi Commercial Bank (ADCB)
- Payments & Collections, Middle East
“ADCB has demonstrated remarkable success in building sophisticated solutions and processing capacity, increasing market share and developing market awareness over recent years. The bank’s success reflects the growing appetite amongst corporations for regional banking partners that offer the depth and integration of solutions that they require, combined with a strong local presence and specialist market knowledge. The special supplement ‘Best Practices in Treasury Management’ published by TMI in association with ADCB in January 2015, was very well-received. In addition to this award, ADCB should be congratulated for the Corporate Recognition Award for the Middle East and North Africa (MENA) region which was awarded to Emirates National Oil Company (ENOC) for highly successful trade finance documentation outsourcing project undertaken with ADCB.”
- Cash & Liquidity Management, Asia Pacific
- Financial Supply Chain Management, Asia Pacific
“ANZ is another major example of the growing appeal and strength of regional banks. While ANZ has been a strong trade finance player in the region for a number of years, the bank is making clear strides in cash management with regional solutions and services that are at least comparable with those of the global banks. ANZ’s recent appointment of Carole Berndt is a clear demonstration of its commitment to continuing along this trajectory, who brings an impressive strategy that she and her team are well-equipped to deliver.”
Bank of America Merrill Lynch
- Cash & Liquidity Management, ASEAN
- Cash & Liquidity Management, India
- Cash & Liquidity Management, North America
- Cash & Liquidity Management, Global
- Technology, Card Solution
- Payments & Collections, North America
- Financial Supply Chain Management, ASEAN
- Financial Supply Chain Management, India
- Financial Supply Chain Management, North America
“Following a series of excellent submissions, the judges were delighted to offer Bank of America Merrill Lynch (BAML) a series of awards across cash and liquidity management, payments and collections and financial supply chain management. As its home market, few would be surprised at BAML winning these awards in North America, but the bank’s strengths in regions such as ASEAN and India are less well-known. BAML’s submissions included some compelling case studies and outlined the benefits of its Global Liquidity Platform, which allows treasurers to optimise liquidity across markets in Asia and beyond in line with best market practice and regulatory conditions in each country, and respond quickly to changing regulations. During 2015, BAML published a series of regional supplements in TMI that were enthusiastically received by readers, and which demonstrated the bank’s commitment and capabilities in both established and emerging markets. The judges were unanimous in offering BAML the Global award for Cash and Liquidity Management and congratulate the bank on the professionalism and comprehensive nature of its submissions.
“BAML was also one of very few banks to win a Technology award, and narrowly beat a number of other excellent submissions in the Card Solution category. The bank’s Purchase Control solution combines established purchasing card functionality with virtual cards, with impressive reporting, user controls and fraud prevention tools, with proven working capital advantages.”
- Technology, Trade Finance Solution
- Technology, Bank Connectivity
“While many treasury management systems started with cash and/or risk management capabilities, and subsequently expanded the functionality, BELLIN’s tm5 has provided digital trade finance transaction management for a number of years. This is supported by a direct connection to SWIFT via the BELLIN SWIFT Service, providing a network for trade finance transactions, both domestic and international. BELLIN’s submission was supported by compelling customer examples, which exemplify the automation, control and visibility that the solution offers.
“BELLIN’s support for trade finance, as well as cash and treasury transactions via SWIFT was also a factor in its success in the Bank Connectivity category. The SWIFT Service is embedded into tm5 and is now used by more than 50 clients, in addition to connectivity via channels such as host-to-host and EBICS. The solution supports mobile connectivity and supports bank statements, cash management and treasury transactions, treasury and trade confirmations, guarantees and letters of credit (LCs) and eBAM.”