North America's best bank for transaction services 2020: Bank of America

Bank of America is the undisputed leader in transaction services in North America. Long before the coronavirus crisis struck its home market, the bank had entered the Euromoney awards period with strong momentum. But by the end of that period it was being called upon to deploy all its leadership to help businesses across the US.

That it did so is testament to the bank’s exceptional franchise and it is again North America’s best bank for transaction services.

Before the Covid-19 crisis, BofA was already doing what it is best at: using its immense breadth and reach as a springboard for fresh thinking in all areas of treasury and payments.

“What is important is that in spite of our size and market share, the bank is able to continue driving innovation and being at the forefront of market developments,” says Matthew Davies, global co-head of corporate sales, global transaction services (GTS) and head of GTS Europe, Middle East and Africa.

CashPro is the bank’s flagship treasury platform, and it never stands still.