The latest technology is helping North America’s top banks set the standard for treasury and cash management performance.
As treasury markets evolve, leading financial institutions are reshaping how corporate clients manage liquidity and payments. From integrating programmable digital ledgers and AI-enhanced receivables processing to developing sophisticated cross-border payment ecosystems, banks are providing treasurers unprecedented visibility, automation, and control. Through strategic advancements and core competencies, leading North American banks are setting the standard for treasury and cash management performance.
Best Bank for Transaction Banking
BMO
Moving commercial bank funds onto a programmable digital ledger could make intraday liquidity management more responsive, transparent, and precise for corporate clients, says Derek Vernon, head of North American Treasury and Payment Solutions at BMO. “The idea is that liquidity and payment instructions become more connected and automated,” he says, “giving clients the ability to move and manage liquidity as their obligations arise.” This allows them to operate in line with business needs, unconstrained by traditional business hours and settlement windows. “For BMO, building out our tokenization capabilities is an opportunity to continue evolving and modernizing our treasury and cash management services for clients in a world where markets are becoming more always-on, continuous, and data-driven.”
Best Bank for Cash Management
Best Bank for Collections
WELLS FARGO
By unifying collections, reporting, and reconciliation support, Wells Fargo enables clients to optimize working capital performance while strengthening governance and controls. “As treasurers face growing pressure to improve liquidity, working capital, and cash visibility,” says Ather Williams III, head of Global Payments & Liquidity and Wholesale Digital, “we’re focused on leveraging AI and machine learning in practical ways that simplify complex workflows and deliver measurable value for clients. Through integrated receivables, Wells Fargo uses AI and machine learning to capture and reassociate payment and remittance data, match payments to invoices, and automate cash application, helping clients accelerate the payment-to-posting cycle.”
Best Bank for Financial Institutions
Best Bank for Payments
Best Provider of Short-Term
Investments/Money Market Funds
BNY
As clients modernize their payments infrastructure, many want access to new capabilities without having to replace existing systems, notes Isabel Schmidt, executive platform owner at BNY’s Payments Enablement Platform. “BNY’s shared infrastructure model, built on a modern technology stack and enabled through open APIs, helps make that transition easier by allowing clients to connect to real-time payment rails while continuing to leverage their legacy environments,” she says. Because BNY’s platform is designed to integrate flexibly across a range of legacy and emerging payment infrastructures, clients can adopt innovation in a more modular way.
Best Bank for Long-Term Liquidity Management
BANK OF AMERICA
Bank of America’s CashPro Forecasting transforms manual treasury tasks into faster, more collaborative processes. The tool features long-term liquidity dashboards that allow treasurers to monitor yields, credit-rating concentrations, and ESG-aligned investment compliance across global subsidiaries via a single interface. For long-term surplus cash that requires customized mandate restrictions, such as investing strictly in short-term U.S. Treasuries, high-grade commercial paper, or specific corporate bonds, BofA Securities structures premium separately managed accounts tailored to the corporate client’s board-approved investment policy statements.
Best Corporate Cross-Border Payments Solutions
CITI SERVICES
With clearing systems in more than 90 countries, Citi minimizes reliance on correspondent bank chains. When executing crossborder payments, the bank routes transactions through its local branch network to mitigate third-party risk.