Brandix was awarded the highest accolade under the ‘Best Liquidity & Investment Solution’ category at the recently-held ‘The Asset Triple A Awards 2020’ for its global Interest Enhancement (IE) solution facilitated by HSBC.
The IE solution, effective across Australia, India, Hong Kong, Mauritius, Singapore, Sri Lanka, United States and the United Kingdom, provides Brandix with an innovative and best-in-class solution to optimise its cash and interest yields globally within complex regulatory settings. It also enables Brandix to increase visibility and control globally via a single banking platform for all payments and collections, including standardised processes for effective management. This transformation took place following the centralisation and setting up of Brandix’s Treasury hub, collections and trading arm in Singapore, during which HSBC played an integral role as the company’s consultative partner as well, the company said in a media release.
Priyanke Perera, Head - Global Treasury of Brandix commenting on the achievement, said: “We are honoured to be recognized at The Asset Triple A Awards 2020 for our efforts towards excellence in operational efficiency and optimisation of cash through the IE solution. HSBC has been our trusted advisor for over 20 years now and has a good understanding of our financial infrastructure and requirements. When exploring the option for a flexible and scalable solution to meet our unique business model, HSBC provided us with a solution leveraging their global network, capabilities and technology to best suit our needs. As a result, we are better able to centralise liquidity globally across Asia Pacific, United States and the United Kingdom with automated payments and reconciliation.”
Stuart Rogers, Head of Wholesale Banking HSBC Sri Lanka and Maldives, noted: “Our warmest congratulations to Brandix on winning the highest accolade awarded by The Asset Triple A Award 2020 under the Best Liquidity & Investment Solution category. We are very proud of this global recognition and the role HSBC played in setting up of their treasury, collection and trading hub based out of Singapore, especially the IE (Interest Enhancement) solution for global liquidity requirements. This is a landmark achievement in our decades-long partnership with Brandix. We look forward to working together for many years more, supporting them with the strength of our expertise and the backing of our global network.”
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