Best transaction bank for domestic cash management 2019
Agricultural Bank of China
Agricultural Bank of China is best known for serving businesses in the nations’ agricultural and rural economies. But the bank has expanded in recent years to provide cash management services to 2.45 million clients across all industries and urban centres, including the majority of China’s top 500 corporations.
ABC’s transaction banking business focuses on procurement, sales and other transactions that occur in the daily production and operation activities of its enterprise customers, helping them to effectively manage funds, provide payment settlement, cash management, investment and wealth management, supply chain financing and risk management.
Led by its chairman Zhou Mubing, ABC’s system offers more than 80 products and functions that span basic settlement, cash management and supply chain financing processes.
ABC has adopted technologies and applications including big data and blockchain.