Deutsche Bank wins Transaction Bank of the Year for Western Europe in The Banker’s Transaction Banking Awards 2022
Deutsche Bank has been named Transaction Bank of the Year for Western Europe in The Banker’s Transaction Banking Awards 2022
Judged by a panel of experts at the Financial Times publication, The Banker, it’s Transaction Banking Awards recognise those banks that go above and beyond to meet the diverse and changing needs of their clients. The Western Europe win is testament to Deutsche Bank's continued embrace of innovation, which is enabling the bank to facilitate digital transformation for its clients, as well as lead the way on sustainable financing.
“I'd like to thank our clients for their trust and partnership”
"We are proud to have won this award in a year where rising geopolitical tensions and turbulent macroeconomic conditions have posed significant additional challenges for our clients as they future-proof their business models,” said Jan-Philipp Gillmann (pictured), Head of Corporate Bank in EMEA (ex UKI), Deutsche Bank.
Cash management innovation
This award highlights that Deutsche Bank has moved the needle in the Cash Management space. Earlier this year, for example, Deutsche Bank introduced in-house Banking-as-a-Service (IHBaaS), which significantly lowers the barriers that may have, in the past, prevented some corporates from unlocking the benefits of a centralised treasury set-up. The bank has also launched its Digital Payment Gateway, a business-to-business (B2B) marketplace solution that allows corporates to operate their marketplace without being directly confronted by the accompanying operational or regulatory requirements. This has been successfully implemented at Bosch, where the solution is making payments cheaper, more efficient and more secure for both the company and its partners.
Digital solutions and ESG-linked finance
The win also recognises how the bank’s Trade Finance & Lending team have supported clients to better manage their risk and liquidity, as well as meet their financing needs – in particular as it relates to Environmental, Social and Governance (ESG) financing. For example, in 2022, Deutsche Bank executed the first-ever conversion of an existing supply chain finance programme in Europe to a sustainability-linked programme, which is creating incentives for suppliers to be more sustainable.
A year ago, the 2021 Transaction Banking Awards noted “the move towards greater use of digital platforms as a result of Covid-19 restrictions”. This momentum has continued now that most of Western Europe is back to some degree of normality.
Gillmann added: “To best support our clients through their transition, we have doubled down on digitalisation initiatives and advancing industry-wide initiatives such as SWIFT Go and ISO 20022 migration. We have also helped clients get to grips with the sustainability implications of their supply chains with our ESG-linked supply chain finance programmes. I'd like to thank our clients for their trust and partnership, and our colleagues for their dedication over the past year. We couldn't have done this without you."