While the industry has modernised its systems to help treasurers monitor cash positions, reduce friction in cross-border payments, and utilise application programming interfaces (APIs) to simplify the on-boarding of new processes, the importance of trade itself has come to the fore as banks have helped their clients in the fight against coronavirus.
Businesses have become ever more globalised and the importance of being able to pull together their cash pools has significantly increased. This was evident in the cash
management category, which received entries from banks across the world.
