Amid the scramble for cash during the pandemic lockdowns, efficient treasury management was key to ensuring that companies made the most of the liquidity already available to them, minimizing the need for, and cost of, emergency measures. Corporates looked to free up otherwise trapped liquidity through techniques such as cash pooling, either through physical sweeping or – as the imperative to go digital mounts – through virtual accounts.
UniCredit, now led by chief executive Andrea Orcel, has emerged as a leading provider of vital cash management products, such as virtual accounts, and wins our award this year as western Europe’s best bank for transaction services.
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