International cash management review 2010: ICM services in Latin America

Also in this section: Global network banks ICM services in Europe ICM services in North America ICM services in Latin America ICM services in Asia-Pacific ICM services in the Middle East and Africa The banking clubs

The survey results for Latin America given in Table 4 show: (click here to see Table 4: International cash management services in Latin America 2010)

• A variety of ICM strategies for the region, from focusing on global scope and local expertise to providing solutions to suit transactional needs, to helping clients optimize working capital and expand within Latin America and to other regions

• Two of the banks have a single global processing system

• Citi has its own branches in 21 countries and only one partner bank; its closest rival HSBC has its own branches in 12 countries

• Only four of the banks have significant in-country branch coverage, BBVA with 6,000-plus, Bradesco with almost 8,000, Itaú with almost 5,000, and Santander with 4,500-plus

• Mass payment and collection services...