1 September 2023
Deutsche Bank picks up two landmark award wins at The Banker’s Transaction Banking Awards 2023
In The Banker’s Transaction Banking Awards 2023, Deutsche Bank has been named Best Bank for Cash Management as well as Transaction Bank of the Year for Western Europe for the second consecutive year
Deutsche Bank has been voted Best Bank for Cash Management as well as Transaction Bank of the Year for Western Europe by the Financial Times publication, The Banker. These two wins highlight Deutsche Bank’s continued promotion of innovative solutions and best practice implementation of industry initiatives, which is helping to forge a path towards digital transformation for the bank and its clients.
The Banker’s awards programme recognises banks that continue to move the needle within the transaction banking space and includes six regional and five product-related awards. The results are decided by a panel of expert judges.
“It is more important than ever for clients to have a strong partner at their side”
Within cash management in particular, the bank has been committed supporting clients as they look to reduce complexity in corporate treasury and reap the full benefits of technological trends.
“From ‘digital first’, as amplified by the acceleration of workflow automation during the pandemic, through to business model evolution and monumental shifts in technology, we continue to guide our clients through their transformation,” said Ole Matthiessen, Global Head of Cash Management, Deutsche Bank. “This, in combination with intensified geopolitics and fine nuances of the international regulatory environment, means that it is more important than ever for clients to have a strong partner at their side.”
Through innovations, such as Inhouse banking structures, marketplace solutions and explorations into blockchain, Deutsche Bank has successfully balanced state-of-the-art solutions with security and scale to provide clients with the trusted advisory needed to navigate this dynamic landscape. Moreover, Deutsche Bank has remained a robust and reliable partner for clients – and has continued to differentiate itself by driving industry initiatives and new client solutions, such as spearheading the adoption of Swift Go and ISO 20022.
Best Transaction Bank in Western Europe for second consecutive year
Apart from the award for cash management, the bank was also voted Best Transaction Bank in Western Europe for second consecutive year.
“We have continued to support our clients by investing in technology”
“The macroeconomic backdrop of the past three years – characterised by the pandemic, the ongoing conflict in Europe, an emerging energy crisis, rising interest rates and surging inflation – has significantly changed the business environment we and our clients operate in,” said Jan-Philipp Gillmann, Head of Corporate Bank EMEA and Global Head of Corporate Coverage, Deutsche Bank. “Amid the uncertainty, we have continued to support our clients by investing in technology, strengthening our core capabilities, developing our new age solutions to enable business transformation, and reinforcing our standing as an innovative thought leader in the market.”
Please find the full award results on The Banker’s website (registration required).