Every year, The Asian Banker recognises achievements in the key business and operational areas of the financial services industry. The purpose of these awards is to recognise annual achievements and winners in the competition for market share, product and operational excellence.

The Transaction Awards, previously called The Transaction Banking Awards, evaluate financial institutionís achievements in cash management, payments, and trade finance. From 2018 onwards, we take on an audit-based approach in the building of evaluation process. We have also redefined categories and opened the programme to financial technology (fintech) platforms to compete alongside traditional banks. This involves submissions completing in a comprehensive data sheet where we need to have your basic quantitative figures which will be collated and compared with your peers in the industry. Some of the figures will be used to build a comprehensive understanding of involving best practices and benchmarks that the industry can use on a generic base without compromising the confidentiality and competitive data.

The winners for these awards are determined through a combination of surveys, interviews and field research by The Asian Bankerís research staff. The findings of the research are published in a neutral manner, with a scorecard outlining how the different domestic and global players feature in them.

The Goals of this Programme

These awards are designed with the following goals:

  1. To track the changing competitive landscape in the industry, by identifying winners and losers
  2. To identify the critical success factors required for success in the different businesses tracked in this programme
  3. To develop a repository of benchmarks and best practices that industry players as a whole can use and improve upon

The Regions covered

The programme is intended to be global, and we hold all of the nominees for the awards against global benchmarks and best practices. By building experience and nurturing relationships, we have been gradually extending our main coverage from the Asia Pacific region to the Middle East and Africa. We also recognise outside the region those global leaders whose unique capabilities are truly second to none, applying concise industry skills to vast, incredibly complex institutions that span continents.

Related Events
Important Links
Transaction Banking Working Group
Award Winners 2018

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