THE BUSINESS ACHIEVEMENT AWARDS 2023  WINNERS LIST 

International Transaction Finance Awards (Asia Pacific) 

Best International Transaction Bank in Asia Pacific 

Bank of America 

Best International Cash Management Bank in Asia Pacific  

Bank of America  

Best International Trade and Supply Chain Finance Bank in Asia Pacific  

Deutsche Bank 

Best Asian International Transaction Bank in Asia Pacific  

United Overseas Bank  

Best Asian International Cash Management Bank in Asia Pacific  

Mizuho Bank 

Payments and Currency Clearing Awards (Asia Pacific) 

Best Global (Multi-Currency) Clearing Bank in Asia Pacific 

Deutsche Bank 

Best EURO Clearing Bank in Asia Pacific  

Deutsche Bank 

Transaction Finance Awards by Country 

Best Cash Management and Transaction Bank in Bangladesh 

BRAC Bank  

Best Trade Finance Bank in China  

Ping An Bank 

Best Cash Management and Transaction Bank in Hong Kong 

Bank of China (Hong Kong) 

Best Payments Bank in Hong Kong 

Hang Seng Bank 

Best Cash Management and Transaction Bank in India 

Kotak Mahindra Bank  

Best Trade Finance Bank in Indonesia 

OCBC NISP 

Best Cash Management Bank in Malaysia  

United Overseas Bank 

Best Trade Finance Bank in Malaysia  

Maybank  

Best Transaction Bank in Macau SAR 

ICBC Macau 

Best Cash Management Bank in The Philippines 

RCBC 

Best Cash Management and Transaction Bank in Singapore 

OCBC Bank 

Best Trade Finance Bank in Singapore 

OCBC Bank 

Best Supply Chain Finance Bank in Singapore 

United Overseas Bank 

Best Trade Finance Bank in Taiwan 

CTBC Bank  

Best Trade Finance Bank in Thailand  

Bangkok Bank 

Best Payments Bank in Thailand 

Bangkok Bank 

Best Cash Management and Transaction Bank in Vietnam  

Techcombank 

Best FX Bank in Vietnam  

BIDV  

Frictionless Transaction Awards (Asia Pacific) 

Best API Initiative 

Hang Seng Bank Hong Kong – ‘API via DDI Solution’ 

Best Blockchain Initiative  

CTBC Bank Taiwan – ‘Early Payment Program’ 

Best Business Ecosystem Initiative  

Kotak Mahindra Bank India – ‘Fusion Cash Management’ 

Best Corporate Mobile Initiative  

OCBC Bank Singapore – ‘OCBC Business App’  

Best Digital Trade Finance Platform  

CTBC Bank Taiwan – ‘Smart Document Review System’ 

Best Financial Supply Chain Initiative  

Ping An Bank China – ‘Note Integration Service’ 

Best Payments Initiative 

Bank of Ayudhya Thailand – ‘QR Cross-border Outbound Service’ 

Best Treasury Management Initiative  

Industrial Bank – ‘IB-SWIFT’ 

Best Virtual Account Management Solution 

Techcombank Vietnam – ‘Collection Solution via Virtual Account’  

Most Sustainable Trade Finance Initiative  

United Overseas Bank (China) – ‘Green Non-Recourse Account Receivable Purchase’  

Bankers’ Choice Awards—Bank-Client Partnership Awards 

Best Cash Management Project in Asia Pacific 

Bank of America and Arcelik Hitachi 

Best Corporate Trade Finance Deal in India 

Deutsche Bank and Renew Surya Roshini  

Best Supplier Relationship Management in India 

Deutsche Bank and Flipkart 

Best Financial Supply Chain Management in Indonesia 

UOB Indonesia and Lenovo 

Financial Technology Innovation Awards 

Best AI Technology Implementation   

China Construction Bank (CCB)  

Best Banking-as-a-Service Implementation   

Standard Chartered nexus  

Best Lending Implementation  

HSBC   

Best Blockchain Implementation   

China CITIC Bank  

Best Mobile Banking Technology Implementation  

ICICI Bank  

Best Cloud Based Implementation – Large Bank 

China Construction Bank (CCB)  

Best Cloud Based Implementation – Small Bank 

Alex Bank and Temenos 

Best Financial Markets Technology 

HDFC Securities 

Best Data Management Implementation   

Industrial and Commercial Bank of China (ICBC)  

Best Process Automation Implementation   

Industrial and Commercial Bank of China (ICBC)  

Best Treasury Management Implementation   

Ping An Bank  

Financial Technology and Platform Awards  

Best Business Lending Technology   

Online PSB Loans     

Best Financial Inclusion Technology  

LTS Ventures 

Risk Management Awards  

Achievement in Credit Risk Management 

CTBC Bank – ‘CTBC Guardian – Next Generation Digital Credit Evaluation’   

Financial Risk Technology Implementation Awards  

 Best Anti-Money Laundering Technology Implementation   

OCBC Bank  

Best Credit Risk Technology Implementation  

Bank of Beijing    

Best Liquidity Risk Technology Implementation  

DBS 

Best Custodian Bank in Asia 

Best Custodian Bank in Asia 

Kookmin Bank   

Best Custodian Bank by Country 

Best Custodian Bank in China 

ICBC 

Best Custodian Bank in South Korea 

Kookmin Bank  

Best Custodian Bank in Taiwan 

CTBC Bank 

Best Custodian Bank in Thailand 

Bangkok Bank  

Best Custodian Bank in Vietnam 

BIDV 

Best Custodian Bank in Malaysia 

Maybank