On January 25, 2021 Global Finance has released the rankings for its twenty-first annual Best Treasury & Cash Management Banks and Providers Awards, where Intesa Sanpaolo has been appointed as Best Bank for Payments & Collections in Western Europe.
Global Finance used a multi-tiered assessment process—which included entries from banks and providers and input from industry analysts, corporate executives, technology experts and independent research. A variety of subjective and objective criteria were considered, including: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.
Joseph D. Giarraputo, publisher and editorial director of Global Finance, claimed:
“Smart management of cash and treasury systems were essential over the past year of pandemic-induced chaos. Our awards pinpoint the financial entities that shepherded their clients through the crisis with real-time insights and strategies that worked even at a time of rapid and dramatic changes.”