BNY Mellon Named Best Treasury Services Provider for Private Label and Accounts Payable Services
Mar 18, 2013
Sixth consecutive year for private label services recognition
NEW YORK, March 18, 2013 — BNY Mellon, the global leader in investment management and investment services, today announced that its Treasury Services business has received number one global rankings for private label and accounts payable services in Global Finance magazine's annual survey of the world's best treasury and cash management providers. Marking the sixth consecutive year that BNY Mellon has received top ranking for private label treasury services, this year's results will appear in the March issue of Global Finance.
With input from industry analysts, corporate executives and technology experts, Global Finance editors select the best providers of treasury and cash management services based on a variety of criteria, including customer service, competitive pricing, product innovation, market share and reach, profitability, and successful differentiation. Additionally, Global Finance conducted a poll of corporate readership for the first time as part of this year's survey to increase the accuracy and reliability of results.
Underscoring the accomplishment of achieving consistently high rankings in the survey, Global Finance editor Andrea Fiano noted that, “This year's survey continues to reflect the changing global landscape for treasury and cash management services, with competition increasing between regional, domestic and global providers of cash management services, and a number of providers stepping up their investment in treasury solutions.”
BNY Mellon's private label offerings leverage the product, customer support and technology strengths of BNY Mellon's Treasury Services group in support of large institutions and client banks, allow clients to access a sophisticated array of treasury services while minimizing the costs and operational complexities associated with product development and platform and system enhancements. Services are provided to clients in a variety of forms, ranging from private label processing solutions to full operations outsourcing. Encompassing an extensive array of cash management and multicurrency payment solutions, BNY Mellon's private label services include accounts payable outsourcing, wholesale and retail lockbox, controlled disbursement, trade finance, U.S. dollar and FX wire transfers, electronic invoicing and accounts payable processing and remittance services.
"Private label services represent an important area of strategic focus for us,” said Susan Skerritt, executive vice president and Global Head of Business Strategy & Market Solutions for BNY Mellon's Treasury Services group. "Our private label solutions are market leaders because they allow clients to effectively manage costs and risks in today's increasingly challenging regulatory environment. Across an extensive array of supply chain and banking-related services, we're committed to delivering outsourcing and private label solutions that will help our clients succeed.”
With locations on six continents and an extensive global network of correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services, and cash management. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 countries. The company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of private-label treasury services solutions for banks and other large institutional clients.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.