UOB has been named Singapore’s best transaction bank this year, thanks to its remarkable financial performance, commitment to digital innovation and the introduction of a range of new products. The bank also stood out for its strategic execution, which has further cemented its leadership in this region.
In terms of financial performance during the past two years, UOB’s GTB division has delivered strong growth, now contributing a significant portion of the group’s wholesale banking income. In cash management, the bank recorded consistent year-on-year increases across operating balances, payment and collection volumes, and new deal mandates. Its trade and financial supply-chain management (FSCM) operations also expanded steadily, with notable growth in trade assets, programme uptake and the onboarding of new ecosystem participants including suppliers, buyers and distributors.
On the digital front, UOB continued to scale its flagship platform, UOB Infinity, which is now live across 14 markets, with the final phase of deployment scheduled for Thailand in 2025. The bank also launched an enhanced FSCM platform designed to support complex financing structures across multiple tiers, currencies and jurisdictions.
In cash management, the bank recorded consistent year-on-year increases across operating balances, payment and collection volumes, and new deal mandates
Regarding product innovation, UOB introduced several new solutions tailored to evolving client needs. These include UOBSend, a low-value cross-border payment service available in dozens of markets and currencies; a sub-account solution aimed at improving treasury and liquidity management; and sustainable finance offerings, such as green term deposits and UOB sustainable accounts, which are now integrated into broader liquidity frameworks. Additionally, the bank rolled out FSCM-DTSF (deep-tier supplier financing) and FSCM-ARP (accounts receivable purchase) solutions, customised for specific industry sectors.
Strategically, UOB reinforced its regional footprint through a focused corridor strategy linking China Plus One and Asean Plus One, alongside the acquisition and integration of Citigroup’s consumer banking businesses across four Asean countries – an initiative that has significantly enhanced its regional capabilities and customer reach.
