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Transaction Banking - Cash Sweeping
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UOB China (UOBC) understands the pain points of liquidity management for group and multinational companies. Intra-group fund transfers in China are cumbersome. Domestic and international fund transfers face numerous regulatory restrictions. Without strong cash-sweeping systems, corporations have little flexibility across different regions and countries.
In response, UOBC has launched comprehensive cash-sweeping solutions. In 2020, with UOBC’s tailored solutions, five group clients won the “Best Liquidity and Investment Solution” awards by The Asset Magazine, and one group client won the “Highly Commended” award at the Adam Smith Awards Asia 2020. UOBC was also honored as the “Best Service Provider for Liquidity Management” by The Asset Magazine.
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In July 2020, UOBC won a record-breaking 35 awards in the 2020 "AAA-Capital, Trade, Sustainable Supply Chain and Risk Management Awards" held by The Asset Magazine. These awards include: "Best Bank Award - Best Service Provider for Liquidity Management", "Best Collection and Payment Solution Award", and five in the communications, industrial, and automotive sectors for the "Best Liquidity and Investment Solutions".
UOBC also won the "Best Financial Supply Chain Management in China" award in the Bankers' Choice Awards 2020. As the top honors in the industry, these vaunted titles affirm our outstanding achievements in capital pool solutions, capital liquidity management and financial supply chains.
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