Cash Management Survey 2017: Press release
HSBC holds top place in both the global financial institutions and non-financial institutions results; global banks dominate but regional banks continue rise.
The growing presence of the regional banks in the cash management space is becoming ever more apparent in the results of the cash management survey 2017.
Both the financial institutions (FI) and non-financial institutions surveys received a sizeable number of votes, with 26,000 verified for the non-FI poll and 2,500 in the FI survey.
In the global non-FI results, the top four remain unchanged for another year. HSBC rounds off a successful year as it takes the top spot, followed by Citi, Deutsche Bank and BNP Paribas.
However, there is an interesting power shift happening further down the table. Regional banks are creeping up in terms of their market share, with a leap from DBS, which rose to fifth place from 17th last year.
Slightly further down there is also impressive results for Bank of China, which climbs to seventh place from 13th, and Mizuho, which breaks into the top 20 with a 12th place ranking. Predicted changes to the cash management landscape, with a shift towards specialist regional banks, appears to be playing out.