Deutsche Bank has been named the leading provider of cash management services to financial institutions in Euromoney’s Cash Management Survey 2019, while climbing to third place globally for corporate business.
“In the hotly contested Cash Management space, where Banks and FinTechs alike fight hard to gain market share and digitization revolutionizes the game, it is an outstanding achievement to have not only defended, but improved our position. There is no truer testament to our ability to provide market leading integrated treasury workflow solutions, across payments, liquidity and FX, than the confirmation and vote of confidence from our clients across the world" said Ole Matthiessen, global Head of Cash Mangement.
The survey, carried out annually since 2001 and widely considered a yardstick for success in the cash management business, received over 25,000 responses from both corporate and financial institution clients.
In the corporate polls, Deutsche Bank retained top spot for market share in both Germany and Western Europe for the eighth consecutive year, while leading the way for both market share and customer satisfaction in Portugal and Spain. The Bank was also named Best Service Provider in South Korea.
In the financial institution polls, Deutsche Bank showed its dominance in euro-denominated business – claiming top spot in Western Europe, the Nordics, Central and Eastern Europe, North America and Latin America. Its strength in US dollar clearing also saw it lead the way for market share in Western Europe as well as Central and Eastern Europe, where it also placed number one for the British pound and Japanese yen.
In addition, the Bank was also voted number one globally for Personnel and Best Service Provider in Latin America.