Based on feedback from treasurers, CFOs and cash management specialists, the award recognises top financial institutions that show an impressive track record in providing cash management products and services. The judges felt that SABB’s technical abilities and global reach, afforded through close ties with HSBC, marked it out as a winner.
Majid Algwaiz, General Manager of Commercial Banking at SABB, said: “The award clearly demonstrates that SABB’s approach to payments and cash management continues to be well received in the Kingdom. We are committed to delivering the best in class services, and are focused on creating value and tailored solutions that help our clients achieve their business objectives and comply with regulatory requirements“.
Initially part of the British Bank of the Middle East, which was acquired by HSBC in 1959, SABB was established as a separate entity in 1978. HSBC retains a minority share.
When it comes to corporate innovation, debates on technology and sponsoring commercial activities have a limited value threshold if it is not coupled with innovative actions, Omeed Mehrinfar, Plug & Play, told an audience of treasurers.
Using data for predictive analytics is the future of banking success, argued Jean-Laurent Bonnafé, CEO of BNP Paribas, in his session on how the bank is reinventing its approach to innovate with and for corporates.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.