Global Finance named BBVA Compass the Top Treasury and Cash Management Provider in the Southwest for 2019 and the Best US Regional Middle Market Provider in the Southwest.
BBVA Compass was recognized for for its customer service, competitive pricing, product innovation and the extent to which the bank differentiated itself from competitors.
“Given the criteria used, I can’t help but think about the amazing advances our Treasury Management team made this year that ultimately contributed to this award,” said BBVA Compass Chief Operating Officer Rafael Bustillo. “The team always looks for ways to innovate and consistently looks at their role in the financial industry in new ways. This year, they took our digital capabilities a step further, and I’m pleased that they were recognized for their efforts by Global Finance.”
Bustillo specifically pointed the bank’s launch of its BBVA Compass RealTime ARP and BBVA Compass RealTime Positive Pay services that it launched this past summer. The digital products made BBVA Compass the first U.S. bank to offer true real-time Positive Pay fraud prevention and ARP reconciliation.
“BBVA Compass places an emphasis on being ahead of the curve in the financial industry’s digital revolution, and these products embody that way of thinking,” said BBVA Compass Director of Multi-Channel Development Gabriel Palafox. “These products are capable of completely changing the way back-office operations function.”
This is the nineteenth year of Global Finance’s annual rankings of Best Treasury and Cash Management Banks and Providers. The publication recognizes financial institutions by category, region and country.
Criteria to select winners includes input from industry analysts, corporate executives, technology experts and independent research.
Founded in 1987, Global Finance has a circulation of 50,050 and readers in 188 countries.
