BELLIN, a global leader in providing web-based treasury software and services for multinational corporations, won best Treasury Management System at the inaugural FinTech Innovation Awards. BELLIN was nominated by SWIFT (Society for Worldwide Interbank Financial Telecommunication). The awards ceremony took place in London on Wednesday night.
The FinTech Innovation Awards – an international competition with a focus on North America and Europe – honor the best initiatives, systems and products created and delivered by the global financial and payments technology industries over the past year. The judging panel featured respected leaders and experts from across the FinTech space. The panels’ decisions were combined equally with the outcomes of a public vote to determine the final winners.
In winning the award, BELLIN's system, tm5, was recognized for providing innovation and flexibility in meeting today's fast-changing treasury environment. The user-friendly software handles all the requirements of a corporate treasury - from cash management with domestic, cross-border, multi-bank and multi-country payments to interest rate, currency and commodity management and proactive receivables management. Based on the concept of LoanBalancedTreasury®, the application is provided to all group companies allowing both account statements and payments to be automatically uploaded to the system at the local level. Leveraging SaaS, the system can be cloud-based or installed at any of the company's data centers and accessed from all devices. The result is the availability of real-time information at the click of a button, leading to an efficent corporate treasury. With the integrated BELLIN SWIFT Service, corporates and their subsidiaries can communicate through SWIFT from anywhere in the world directly through tm5, offering maximum flexibility and scalability in regards to global bank communication and paves the way for efficient liquidity planning and audit-proof processes in daily treasury operations.
"We are excited about the award and to be recognised by both users and the expert jury. It confirms that our innovative solutions can bring the treasury of any company forward", commented founder and managing director, Martin Bellin.