Bank of America was recognised as Best Global Transaction, Supply Chain Finance and Foreign Exchange (FX) Bank for its innovative real-time payments and artificial intelligence (AI)-driven cash forecasting Deutsche Bank was awarded Best Global Cash Management and Corporate Payments Bank for its global reach and digital transformation using blockchain and AI MUFG Bank was recognised as Best Global Trade Finance Bank for its strong cross-border trade solutions leveraging regional partnerships BNY was awarded Best Global Institutional Payments Bank for its AI integration and real-time cross-border payment capabilities United Overseas Bank (UOB) was named Best Asia Global Transaction, Cash Management and Trade & Supply Chain Finance Bank for its seamless digital integration enabled by unified platform connectivity. Kuala Lumpur, 14 May 2026 – Bank of America, Deutsche Bank, MUFG Bank, BNY and UOB were recognised for excellence in transaction banking, payments, trade finance and cash management at The TAB Global Business Achievement Awards 2026. The TAB Global Business Achievement Awards programme includes the Beyond Borders Awards, Financial Technology Innovation Awards, Financial Markets Awards, Risk Management Awards and Transaction Finance Awards, recognising excellence across key areas of the financial services industry. Best Global Transaction, Supply Chain Finance and FX Bank Bank of America was recognised as Best Global Transaction, Supply Chain Finance and Foreign Exchange (FX) Bank for its leadership in digital innovation, driving efficiency across global transaction banking, supply chain finance and FX. Bank of America’s CashPro platform demonstrated market leading innovation that redefined transaction management. The platform seamlessly integrated real-time payments, AI-powered cash forecasting and cross-border payment capabilities. Its CashPro’s AI-powered cash forecasting leveraged historical data and predictive analytics to deliver precise, actionable insights, empowering businesses to make more informed financial decisions. With the ability to process transactions in over 140 currencies, Bank of America enhanced its global reach, with a significant share of FX volumes coming from the Asia Pacific region. The bank was also awarded Best Global Supply Chain Finance Bank for its advancements in Open Account Automation (OAA). OAA solutions streamlined the procure-to-pay process, significantly reducing invoice matching time and enhancing client liquidity. The suite of solutions has resulted in more than 150% year-on-year (YoY) growth in Export and Agency Finance balances, further solidifying its innovation in global supply chain finance. Best Global Cash Management and Corporate Payments Bank Deutsche Bank was recognised as Best Global Cash Management and Corporate Payments Bank for its exceptional global reach, extensive local clearing network and integrated payment solutions. Deutsche Bank incorporated AI and machine learning into its core solutions. These advancements enabled the bank to offer real-time transaction processing and optimise cross-border liquidity management for clients. For example, its just-in-time funding solution allowed clients to manage liquidity more effectively, reducing the need for external funding during periods of volatility. The bank has also introduced automation to streamline cash pooling and intercompany cash transfers, offering clients greater control over their liquidity across complex and multiple jurisdictions. Deutsche Bank was also named Best Corporate Payments Bank for its extensive infrastructure and local clearing capabilities. The broad geographic reach enabled Deutsche Bank to provide seamless cross-border payment solutions, facilitating real-time transaction processing and efficient liquidity management on behalf of their clients. The bank’s embedded finance model, which integrates application programming interfaces (APIs) and partners with fintechs, ensured delivery of scalable payment solutions and a wide distribution network, further enhancing its global footprint. Best Global Trade Finance Bank MUFG Bank was recognised as Best Global Trade Finance Bank for its leadership in cross-border trade solutions leveraging partnership with local institutions and innovation in trade finance. MUFG Bank’s distinctive approach blended regional expertise with global reach. Its strategic focus on Asia as its core growth engine positioned it as a dominant player in intra-Asia trade flows. By partnering with local institutions such as Bank Danamon in Indonesia and Krungsri in Thailand, it has built a robust infrastructure to support its seamless cross-border trade and payment solutions across Southeast Asia. This localised model, combined with its global platform, offered comprehensive, tailored solutions for clients with complex trade flows, addressing the evolving needs of global supply chains. Integration of AI and digital platforms streamlined processes and enhanced operational efficiency. Best Global Institutional Payments Bank BNY was recognised as Best Global Institutional Payments Bank for its innovative use of AI and seamless integration of real-time payment solutions. With its embedded AI platform, Eliza, playing a central role across both back-office and client-facing operations, BNY transformed institutional payments. Eliza enhanced operational precision by automating key tasks such as data extraction, fraud detection and document review, significantly improving efficiency. The bank’s virtual account management solution further strengthened its position in payments, enabling financial institutions to scale globally without the need for local infrastructure, simplifying cross-border operations. Best Asia Global Transaction, Cash Management and Trade & Supply Chain Finance Bank United Overseas Bank (UOB) was awarded Best Asia Global Transaction, Cash Management and Trade & Supply Chain Finance Bank on the back of its strong regional network and unified platform connectivity to deliver comprehensive transaction banking solutions across its key markets. UOB integrated digital solutions and elevated customer experience through its UOB Infinity platform, which serves as a central hub for cash management, trade and supply chain finance across ASEAN and Greater China. The bank’s robust regional network enabled seamless connectivity and consistent service delivery across diverse markets for clients to optimise their treasury operations. UOB’s innovative solutions, such as virtual accounts for automated reconciliation and sub-account services for liquidity optimisation simplified complex treasury processes for both multinational and regional clients. Moreover, it scaled embedded supply chain financing across 14 markets, enabling clients to optimise their working capital and improve cash flow management. These initiatives contributed to double-digit YoY growth in trade balances and financial supply chain management (FSCM) income. Best Regional Transaction Finance Banks The following leading regional financial institutions were recognised for demonstrating exceptional strength, consistency and excellence through significantly higher scores within their home markets and/or key operational areas focusing on capability and client engagement in Asia Pacific. 1. Best Regional Transaction Bank in Asia Pacific- CIMB Bank 2. Best Regional Cash Management Bank in Asia Pacific – Bank of China (Hong Kong) 3. Best Regional Trade Finance Bank in Asia Pacific- Mizuho Bank View the full list of winners of TAB Global Transaction Finance Awards 2026, including Transaction Finance Awards by Country, Frictionless and Bankers’ Choice Awards at https://www.asianbankerawards.com/transactionfinanceawards/winners.php The detailed evaluation criteria and scorecard for TAB Global Transaction Finance Awards can be viewed at https://www.asianbankerawards.com/transactionfinanceawards/criteria.php View all the photos from TAB Global Business Achievement Awards 2026 at https://m.piufoto.com About the TAB Global Transaction Finance Awards The TAB Global Transaction Finance Awards programme recognise annual achievements and highlights emerging best practices in global transaction finance. The programme also recognises outstanding initiatives in cash management, trade and supply chain finance, payments, FX, currency clearing and sustainability. It includes the Banker’s Choice Award, which recognises partner banks and their corporate customers who collectively leverage the financial supply chain to add value to their business partners' upstream and downstream activities. The programme is refreshed periodically to stay aligned with industry transformation. Recognising tokenisation’s growing impact on transaction banking, the programme introduced ‘Best Tokenisation Initiative’ under the Frictionless Transaction Awards in 2024. Building on this momentum, the 2026 programme expanded the framework to highlight the transformation of payments, trade and treasury through tokenisation with a dedicated category. With AI now fundamentally reshaping transaction banking, the programme also introduces a new category cluster in 2026: Best AI Initiative in Transaction Finance recognising the use of AI in areas such as cash-flow forecasting, document checking, payment processing and predicting cross-border payment outcomes. About TAB Global TAB Global owns and manages a number of world class digital content platforms namely, The Asian Banker, Wealth and Society, BankQuality.com as well as learning platforms like The Banking Academy and The Skill Store. Incorporated in Singapore, it has offices in Beijing, Dubai and support offices in Kuala Lumpur and Manila, with plans to expand to Johannesburg, London, Zurich and New York. Visit https://www.tab.global/ for details. Media Contact Nanda Lakhwani Editor TAB Global Email: nlakhwani@tab.global
