Danske Bank has been named amongst the ‘World’s Best Treasury & Cash Management Providers 2014’ by Global Finance Magazine
Following the release of the annual Global Finance Magazine rankings in New York on January 31, Danske Bank has been announced as a multiple winner for 2014, taking the awards for ‘Best Overall Bank for Cash Management Nordics’, and the sub categories ‘Best Bank for Liquidity Management Nordics’, ‘Best Bank for Risk Management Nordics’ and ‘Best Bank for Payments and Collections’.
Global Finance Magazine is read in over 160 countries and is an industry leading publication for senior executives responsible for making investment and strategic business decisions at multinational companies and financial institutions. Its annual awards have become a recognised and trusted standard of excellence.
Global Finance uses a multi-tiered assessment process when constructing its rankings, including a readers’ poll, input from industry analysts, corporate executives, technology experts and independent research, to select the best providers of treasury and cash management services.
A variety of subjective and objective criteria are 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 Awards, notes: “Treasurers have increasingly sophisticated options when it comes to global and regional cash management banks. Not only is technology becoming ever-more-advanced and easier to use, but in addition, many local banks in emerging regions are stepping up their game: building a regional presence and partnering with global banks to offer a one-stop global shop to corporate clients.”
Danske done good
Danske Bank’s winning case focused on 140 years of experience working with some of the most professional clients in the field and the wealth of experience this has generated. This experience has created a comparative advantage for the Bank that can be shared with other clients both in terms of competent staff and generating relevant solutions for the treasury industry. Global Finance Magazine Press Release, 31 January 2014C&I Communications