Press Release 2016

UOB Malaysia strengthens cash management capabilities to support companies expanding regionally

UOB Malaysia voted Best Foreign Cash Management Bank at the 2016 Asiamoney Cash Management Poll for the fourth year running

Kuala Lumpur, Malaysia, 10 October 2016 - United Overseas Bank Malaysia (UOB Malaysia) has been developing its cash management capabilities, by enhancing its internet banking platform and upskilling its advisory team, to support more companies as they expand and invest across Asia.

UOB Malaysia has enhanced its business internet banking platform to help customers maximise returns on their surplus cash. The platform is now equipped with liquidity management solutions and online notifications, enabling businesses to monitor and to control their cash flow across multiple locations in real-time for better returns on their cash.

The Bank has also upskilled its team of cash management advisers nationwide. The advisers participated in workshops on how to help Malaysian enterprises manage their cash across borders and limit their foreign exchange, interest rate and counterparty risks. Such workshops are conducted twice a year to ensure that the team is constantly kept abreast of the changing needs of enterprises.

Mr Andre Lee, Head of Transaction Banking, UOB Malaysia, said that as Malaysian enterprises expand across the region, they require more seamless, cross-border cash management solutions.

"As these customers grow across Asia, our goal is to ensure that we provide them with the necessary cash management structures that are underpinned by robust technology and a team of skilled professional advisers. In doing so, our customers can manage easily and efficiently their day-to-day cash flow, treasury, supply chain and international trade facilities to remain resilient and nimble through business and market cycles," said Mr Lee.

UOB Malaysia receives top honours at the Asiamoney Cash Management Poll 
UOB Malaysia's efforts to deliver comprehensive and customer-focused cash management services have yielded industry recognition. The Bank has been voted the Best Foreign Cash Management Bank in Malaysia by small-, medium- and large-sized corporates at the 2016 Asiamoney Cash Management Poll1, the largest cash management and transaction banking poll in Asia Pacific.

This is the fourth consecutive year that UOB Malaysia has been recognised for its outstanding domestic and foreign cross-border cash management services, reaffirming the Bank's commitment to provide customers with consistent and efficient cash management solutions.

In addition to the three awards received by UOB Malaysia at the 2016 Asiamoney Cash Management Poll, UOB Group won a total of 13 other awards in Singapore (four), China (three), Thailand (three) and Hong Kong (three).

This year, the polling was conducted in conjunction with Euromoney magazine. The collaboration saw more than 27,000 responses being collected, making the poll the most comprehensive and authoritative ranking for local and international cash management banks and service providers. 

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1 The Asiamoney Cash Management Poll is organised annually by the Hong Kong-based Asiamoney financial magazine. For 25 years, the poll seeks to recognise banks that are able to offer the best cash management advice and solutions to their customers.

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