Standard Chartered Bank (SCB) Nigeria has emerged the Best Overall Bank for Cash Management in Nigeria by Global Finance.Global Finance in its rankings released for the 18th yearly Best Treasury and Cash Management Banks and Providers by category, region and by country, saw the lender coming out tops.
Globally, Standard Chartered also won Best Bank for Liquidity Management; Best Bank for Working Capital Optimization; Best Treasury API (systems and services); Best Bank for Working Capital Optimisation in the Middle East; Best Bank for Working Capital Optimisation in Africa; Best Bank for Payments and Collections in Asia-Pacific; Best Overall Bank for Cash Management in Hong Kong; and Best Overall Bank for Cash Management in Kenya.
According to Global Finance, the selection of winning banks were based on the strength of strategy to attract and service digital customers; success in getting clients to use digital offerings; growth of digital customers; breadth of product offerings; evidence of tangible benefits gained from digital initiatives and web/mobile site design; and functionality.
The lender's Head of Transaction Banking for Nigeria and West Africa, Khurrum Zaeem, said: "We are delighted with this industry recognition. The award is a testament to our continued focus on developing market-leading solutions, digital channels and liquidity management solutions.that deliver easy, convenient banking to all our clients.
"As a Bank, we have been investing in developing our digital banking solutions not only to transform the transacting experience of our clients but also to provide them with the highest levels of ease and security in the management of cash."We continue to invest for long-term growth in Nigeria were digital technologies will shape the future of banking."
The Transaction Banking business in Nigeria provides a full suite of market leading propositions in cash management, trade finance and security services to clients, within the local and international network. "Based on client's needs, we provide varied solutions covering the efficient management of receivables, liquidity and payables- effectively facilitated through a fully integrated electronic banking platform, which offers clients convenience, efficiency, transparency, and enhanced security," he added.