The Cash, Payments and Trade finance services are considered as transaction finance awards, using mostly the same criteria set. Previously, we assessed banks based on criteria and scorecards which we believed the transaction banking proposition should be. However, in line with the rapid transformation the industry is experiencing today, we have also revamped our awards programme.
For 2024, TAB Global has enhanced the programme's assessment to reflect the dynamic evolution of the transaction banking industry. The survey has been refined to better capture your institution's tangible achievements across key performance metrics. As the industry undergoes transformation, we are concurrently revising and updating categories that are pivotal in shaping the future of transaction finance.
The criteria below are for the following awards:
The awards stated above are based on:
The criteria below are for the following awards:
The Best Global Clearing Bank award was introduced in 2015 to recognise the growing development and sophistication of multi-currency and cross-currency clearing capability of banks. Winning banks must ranked in the top 3 for clearing volume (as recorded by national/regional clearing/payment system) for at least 2 major currencies (including the USD plus one other) as well as meet the assessment criteria of single currency clearing awards below:
This award takes into account changes in market share of the different competitors in the region, the range and unique features of products and services provided and the key achievements in the year under review.
The criteria below are for the following awards:
The primary assessment for the above awards are for the trade finance and/or cash management awards as the case may be. The Best Domestic Transaction Awards may be given to the bank that excels in the full range of transaction services for that country, and may or may not be given in any year, depending on the nature of the competition and whether the different types of transaction services are dominated by different players.
The criteria below are for the following awards:
The criteria below are for the following awards (New categories added):
As more and more banks move towards a product-centered approach to compete on their transaction banking business, we are now able to look more closely at individual products and the difference these are able to make to winning market share and delivering value to clients. In recent years, there has been a focus on mobile phone apps as the platform for delivering transaction banking products. We believe this is a temporary phase that will evolve into more substantial areas.
As part of our assessment process, we find that we need to distinguish between products and services first before recognising the salient aspects of the products themselves.
As such the criteria are:
The industry is made of a long list of individuals who demonstrate considerable skill and perseverance. As such, making the choice of one individual for this personal awards is very difficult indeed. The overall purpose of this award is to set high standards in personal conduct and professional standards. The award is given to individuals who stand out heads and shoulders amongst their peers based on the following criteria
This award category benchmarks and recognises best practices in supply chain management that industry players can use and improve upon. The primary assessment is based on the evaluation of the strength of the submissions as well as an in-depth interview with senior management staff of the nominated organisations. The Financial Supply Chain Awards are given to the bank/s and organisation/s that excel in their respective functions in the countries under evaluation. Further information can be found at http://www.asianbankerawards.com/bankers-choice/.
This award category recognises outstanding achievements and best practices in project implementations through which other banks and organisations can learn from. It measures both implementation and sustainable business impact. It identifies the best examples of cooperation between banks and their corporate clients and exemplifies industry-leading innovations. Further information can be found at http://www.asianbankerawards.com/bankers-choice/.
If you are a domestic or international bank in any Asian or Middle East country, please Conatct Us ckapfer@tab.global for a survey form to be completed as submission for this award.