Tuesday, 28 May 2024

Best International Transaction Bank in Asia Pacific and Best International Cash Management Bank in Asia Pacific is Bank of America

5 min read

By The Asian Banker

This bank harnessed artificial intelligence and machine learning to automate and digitise treasury operations and the customer experience. It deepened and widened the capabilities of its existing suite of payment, receivables, liquidity management, trade and forex solutions on CashPro, its fully integrated, multi-channel platform that is the central tool for its customers to manage their business operations. 

Functionalities such as a cashflow forecasting tool and receivables matching engine contribute significantly to customers’ decision-making on working capital in today’s volatile operating environment. With over 75% digitally active bases across business, commercial and corporate banking customers on CashPro, sign-ins grew by 41% year-on-year.

For deepening and widening transaction banking capabilities as a part of its CashPro ecosystem, the Best International Transaction Bank in Asia Pacific and Best International Cash Management Bank in Asia Pacific is Bank of America.



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