Euromoney Names Bank of America World’s Best Cash Management Bank for Second Consecutive Year

Key points

• Euromoney named Bank of America World's Best Cash Management Bank for the second consecutive year and named Mark Monaco, head of Global Payments Solutions, World's Transaction Banker of the Year.
• The bank received eight honors in total at Euromoney's annual Transaction Banking Awards, including four house awards spanning global, North American, U SU.S. and Asian categories, and three deal awards recognizing work with clients Parker Hannifin, Medtronic and Fortive.
• Euromoney cited the bank's growth outside the U SU.S., with gains across Europe and Asia, and the evolution of Cash ProCashPro into an intelligent treasury platform featuring A I drivenAI-driven cash forecasting, liquidity management and real timereal-time payments.

NEW YORK, New YorkN.Y. / LONDON / SINGAPORE - Euromoney has named Bank of America World's Best Cash Management Bank for the second consecutive year and recognized Mark Monaco, head of Global Payments Solutions, as World's Transaction Banker of the Year. The honors were announced last night at Euromoney's annual Transaction Banking Awards in London, where Bank of America received eight awards in total across house, deal and individual categories.

The recognition spans global and regional categories, including North America's Best Transaction Bank for the second consecutive year, United States' Best Transaction Bank and Asia's Most Innovative Transaction Bank, as well as three deal awards recognizing work with clients Parker Hannifin, Medtronic and Fortive.

In its rationale for awarding Bank of America World's Best Cash Management Bank, the organization stated:

"The bank has demonstrated strong commercial momentum beyond its U SU.S. home market, with strong gains across Europe and Asia. At the centre of its proposition is Cash ProCashPro, which has evolved beyond transaction processing into an intelligent treasury platform. From A I drivenAI-driven cash forecasting and liquidity management to real timereal-time payments and digital self serviceself-service, Bank of America is addressing some of the most pressing challenges facing treasurers. What distinguishes the bank is not just the breadth of its innovation, but its ability to deliver growth internationally, drive adoption at scale and demonstrate tangible efficiencies for clients."

In naming Monaco World's Transaction Banker of the Year, Euromoney highlighted his leadership in advancing innovation, particularly in artificial intelligence, while keeping a clear focus on client outcomes and responsible adoption.

"Mark Monaco stands out not just for the scale of the business he leads, but for his ability to challenge how transaction banking operates. Under his leadership, Bank of America has positioned itself at the forefront of transformative innovation, particularly in artificial intelligence, while maintaining a clear focus on practical client outcomes, responsible adoption and the right controls," said Ana Voicila, Euromoney's head of corporate banking. "What particularly impressed us was his ability to combine technological ambition with a genuine focus on people, building teams that challenge convention and driving collaboration across the wider payments industry. It is this combination of vision, execution and authentic leadership that makes him Euromoney's world's transaction banker of the year."

"This recognition from Euromoney is a credit to our teams around the world and the clients who keep raising the bar with us," said Mark Monaco, head of Global Payments Solutions. "The trust we've built with clients over many years is the foundation of everything we do. We innovate alongside them as their needs evolve, drawing on colleagues across Technology, Operations, and Corporate, Commercial and Business Banking to deliver the full strength of Bank of America."

Bank of America's 2026 Euromoney Transaction Banking Awards

House awards

• World's Best Cash Management Bank, for the second consecutive year
• North America's Best Transaction Bank, for the second consecutive year
• United States' Best Transaction Bank
• Asia's Most Innovative Transaction Bank

Deal awards

• Asia's Best Trade Finance Deal in collaboration with Parker Hannifin, a global leader in motion and control technologies
• Europe's Best Cash Management Deal on behalf of Medtronic, a global leader in medical devices
• North America's Best Cash Management Deal on behalf of Fortive Corporation, a global industrial technology company

Individual award

• World's Transaction Banker of the Year: Mark Monaco, head of Global Payments Solutions

Frequently asked questions

Question: What is Euromoney?

Answer: Euromoney is a leading provider of competitive intelligence and certification for the global banking and finance industry.

Question: What awards did Bank of America receive?

Answer: Bank of America received eight honors at Euromoney's Transaction Banking Awards: four house awards (World's Best Cash Management Bank, North America's Best Transaction Bank, United States' Best Transaction Bank and Asia's Most Innovative Transaction Bank), three deal awards recognizing work with Parker Hannifin, Medtronic and Fortive, and World's Transaction Banker of the Year for Mark Monaco.

Question: Is this the first time Bank of America has been named World's Best Cash Management Bank?

Answer: No. This is the second consecutive year Euromoney has named Bank of America World's Best Cash Management Bank. The bank was also named North America's Best Transaction Bank for the second consecutive year.

Question: Why did Euromoney select Bank of America?

Answer: Euromoney pointed to the bank's commercial momentum beyond its U SU.S. home market, with gains across Europe and Asia, and to Cash ProCashPro's evolution into an intelligent treasury platform. It also noted the bank's ability to drive adoption at scale and deliver tangible efficiencies for clients.

Question: What is Cash ProCashPro?

Answer: Cash ProCashPro is Bank of America's digital banking platform for commercial, corporate and business banking clients, supporting payments, liquidity management, cash forecasting and other treasury activities.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle marketmiddle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 A T MsATMs (automated teller machines) and award winningaward-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (F D I CFDIC), Bank of America offers industry leadingindustry-leading support to approximately 4 million small business households through a suite of innovative, easy to useeasy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and orand/or jurisdictions. Bank of America Corporation stock (N Y S E B A CNYSE: BAC) is listed on the New York Stock Exchange.

Reporters may contact

Louise Hennessy, Bank of America
Phone: one six four six eight five eight six four seven one1.646.858.6471
[email protected]