Awarded at Global Finance Innovators Awards 2024
Intesa Sanpaolo IMI Corporate & Investment Banking Division has been honored by Global Finance with the Top Innovations in Finance 2024 - Cash Management / Treasury Solutions award in the Best Cross Border Cash Optimization Solution category for the New Cash Management Program of Global Transaction Banking.
Global Finance has named the winners of the best financial innovations as part of the Innovators Awards 2024, an event now in its 11th year that annually recognizes the best financial companies that design and implement new tools and pathways for customers.
The New Cash Management Program consists of two innovative solutions implemented through the evolution of the Inbiz online platform: the Multi Currency Optimizer and Virtual Account Management.
The Multi Currency Optimizer, in particular, represents the first case of Notional Cash Pooling for an Italian bank in the Italian market and a service to optimize corporate treasury management for groups composed of several companies with international multi-currency operations, including foreign exchange and liquidity management.
“Innovation continues to help banks and other financial institutions gain a strategic competitive advantage over their peers,” said Joseph Giarraputo, founder and editorial director of Global Finance. “By harnessing new technologies and imaginative thinking, this year’s winners have developed groundbreaking solutions to both ease customer pain points and deliver outstanding user experiences.”