Deutsche Bank was recognised as Best Global Transaction and Trade Finance Bank in Asia Pacific for integrating payments, liquidity management, trade finance and foreign exchange solutions on dbX platform. Bank of America was awarded Best Global Cash Management, Corporate Payments and Supply Chain Finance Bank for advancing digital solutions via CashPro. BNY was awarded Best Global Institutional Payments Bank in Asia Pacific for enhancing real-time payment solutions. United Overseas Bank and Mizuho were named Best Asian Global Transaction Bank and Best Asian Global Payments Bank in Asia Pacific, respectively, in recognition of their strong regional networks and solutions in transaction banking and payments. Jakarta, Indonesia, 22 May 2025 – Deutsche Bank, Bank of America, BNY, United Overseas Bank and Mizuho were recognised at The TAB Global Business Achievement Awards, held at the Ritz-Carlton Jakarta. TAB Global Business Achievement Awards programme includes the Transaction Finance Awards, Financial Technology Innovation Awards, Financial Markets Awards and Risk Management Awards, recognising excellence across key areas of the financial services industry. Best Global Transaction and Trade Finance Bank in Asia Pacific Deutsche Bank was recognised as Best Global Transaction Bank in Asia Pacific for its dbX platform that integrated payment services, liquidity management, trade finance and foreign exchange (FX) offerings to create a seamless digital experience. It also expanded real-time payments in key markets like Hong Kong and Indonesia, enabling instant cross-border transactions for corporate and multinational clients. Deutsche Bank also won Best Global Trade Finance Bank in Asia Pacific for structuring complex deals and successfully managing complex projects in renewable energy and infrastructure. It also introduced TradeSense, an analytics tool that provides real-time performance tracking, client decision-making and transparency in trade finance. These innovations led to a 28% growth in trade volumes across the Asia Pacific-Middle East-Africa and Asia Pacific-United States corridors. Best Global Cash Management, Corporate Payments and Supply Chain Finance Bank in Asia Pacific Bank of America was recognised as Best Global Cash Management and Corporate Payments Bank in Asia Pacific for its CashPro suite of solutions that integrated payments, liquidity management and FX into a one-stop cash management ecosystem. It leveraged machine learning to support cash forecasting and improve account visibility across key markets. CashPro has so far processed over $1 trillion in payment approvals. Bank of America also won Best Global Supply Chain Finance Bank in Asia Pacific for significantly advancing supply chain finance through its Open Account Automation (OAA) solution. OAA automated the procure-to-pay process, reduced invoice matching from weeks to seconds, streamlined operations for clients and enhanced cash flow management. The bank also simplified supplier onboarding, reducing setup time from two weeks to just a few days. These initiatives improved Bank of America’s liquidity and operational efficiency. Best Global Institutional Payments Bank in Asia Pacific BNY was recognised as Best Global Institutional Payments Bank in Asia Pacific for accelerating real-time cross-border payment solutions. By leveraging its real-time treasury services, it enabled 24/7 USD payments, improving liquidity management for clients and enhancing working capital efficiency. The bank expanded its market reach by integrating Swift Go. Additionally, its payments enablement platform allows clients to manage multi-currency payments with enhanced transparency and efficiency, leading to a 98% straight-through processing rate. Best Asian Global Transaction Bank and Best Asian Global Payments Bank in Asia Pacific United Overseas Bank (UOB) was awarded Best Asian Global Transaction Bank in Asia Pacific for integrating digital solutions and elevating customer experience via UOB Infinity. UOB leveraged its strong regional network to deliver comprehensive transaction banking solutions and seamless connectivity to clients across ASEAN and Greater China. The bank enabled real-time cash flow management, cross-border payments and liquidity optimisation, simplifying treasury operations for multinational and regional clients. It structured complex, multi-market solutions such as virtual accounts, in-house bank structures and real-time FX for large corporates, while scaling embedded supply chain financing across 14 markets in the region. These initiatives resulted in double-digit year-on-year growth in new-to-bank cash management and finance mandates, along with a 96% digital engagement rate on UOB Infinity. Meanwhile, Mizuho Bank was recognised as Best Asian Global Payments Bank in Asia Pacific for streamlined flows and tech-driven transaction improvements. It advanced payment processing capabilities with digital payment gateways, a secure online transaction platform, and real-time payment soundbox devices. By partnering with fintech companies, it provided seamless integration of point-of-sale terminals, quick response code payments and automated collections, empowering clients with enhanced flexibility and control over their transactions. It enhanced digital payments infrastructure through the launch of the Client Insights platform which uses advanced analytics to offer real-time, data-driven insights, helping clients make more informed decisions about their flows. Because of these initiatives, Mizuho Bank achieved a near 100% digital client engagement for its payment transactions. Best Payments and Currency Clearing Banks in Asia Pacific The following leading global financial institutions were recognised for their excellence in providing reliable and scalable cross-border payment and currency clearing infrastructure in major currencies in Asia Pacific. Best Global (Multi-currency) Clearing Bank in Asia Pacific - Deutsche Bank Best EUR Clearing Bank in Asia Pacific - Deutsche Bank Best GBP Clearing Bank in Asia Pacific- Barclays View the full list of winners of TAB Global Transaction Finance Awards 2025, including Transaction Finance Awards by Country, Frictionless and Bankers’ Choice Awards here. The detailed evaluation criteria and scorecard for TAB Global Transaction Finance Awards can be viewed here. View the full list of winners of TAB Global Financial Technology Awards 2025 here. View the full list of winners of TAB Global Financial Markets Awards 2025 here. View the full list of winners of TAB Global Risk Management Awards 2025 here. View all the photos from TAB Global Business Achievement Awards 2025 here.
