This bank merged its Transaction Banking Asia Oceania and East Asia Regions to create one Asia Pacific Region to drive transaction banking synergies across its 14 markets. In one of its key markets, it collaborated with a fintech to launch an API-enabled Virtual Account solution to assist customers with real-time notifications and paired the solution with a payment gateway to drive seamless receipt of reconciled funds. It went live with the digitalisation of the issuance of banker’s guarantees. Given these initiatives, the bank’s transaction banking revenue increased by more than 40 percent. 

For its “One APAC” Region strategy that drove greater synergies on the back of new opportunities, better network strength, collaboration and integrated solutions, Best Asian International Transaction Bank is Mizuho.