Finastra has been named ‘best payment solutions provider’ by Global Finance, as part of the publication’s Best Treasury & Cash Management Banks and Providers for 2018, announced in the March issue of the magazine.

Finastra received the award based on its best-of-breed payments and financial messaging solutions that enable financial institutions and their business customers to manage cash, process payments, exchange information and transfer funds cost-effectively, securely and reliably within and across national boundaries. The company’s automated straight-through-processing and interbank messaging capabilities, which include SWIFT connectivity among others, help banks to improve customer service, expand into new areas of business, and reduce operational cost and risk throughout the entire payment lifecycle.

“With too much money chasing too few opportunities, sophisticated financial leadership, based on detailed, timely information, is a critical component of smart corporate management today,” said Joseph D. Giarraputo, Publisher and Editorial Director of Global Finance. “Our Treasury & Cash Management Awards recognize the financial institutions that lead the field in providing their global treasury clients with insights and the real-time tools that they need.”

“The payments industry is evolving at a tremendous pace, and banks and corporates demand a solution that can meet today’s challenges and easily expand to fulfil tomorrow’s demands,” said Robin Crewe, CTO, Lending & Transaction Banking, Finastra. “Finastra is honored to be recognized by Global Finance for providing the best payments solutions on the market. We are committed to revolutionizing the way payments solutions are delivered and deployed, and are leading the charge toward real-time payments around the globe, creating new, frictionless payment experiences for our clients.”

Global Finance used a multi-tiered assessment process—which included input from industry analysts, corporate executives, technology experts and independent research— to select the best providers of treasury and cash management services. A variety of subjective and objective criteria were considered, including: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.

For more information on the Best Treasury and Cash Management Banks and Providers for 2018, please click here.

 https://www.finastra.com/solutions/payments