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BACB receives Payments award from BNY Mellon

Posted on 17/05/2024

Trade Finance , Notices

BACB is delighted to announce that it has been awarded the STP Gold Award by BNY Mellon in recognition of its outstanding payment formatting and straight-through processing rate.

This award is a testament to BACB’s robust internal processes which ensure that payments are managed and executed in a timely manner. In doing so, BACB has been able to continue building confidence in the reliability of African markets, assuring international financiers that payments for their goods will be expedited and received on schedule.

Despite being a back-office process, the bank understands that it is a key component of facilitating trade. With recent investments made internally, BACB has been able to strengthen its services to help ease this process, making it as seamless as ever before.

Katarzyna Godziemska, Service Director, Senior Vice President, BNY Mellon Treasury Services EMEA, presented BACB’s Steve Lacey with the award earlier this week. We would like to thank BNY Mellon for this award and for its continued support over the years, as well as congratulate the Payments Team for their continued dedication.

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