Brandix was awarded the highest accolade under the ‘Best Liquidity & Investment Solution’ category at The Asset Triple A Awards 2020 for its global Interest Enhancement (IE) solution facilitated by HSBC.
The IE solution, effective across Australia,India, Hong Kong, Mauritius, Singapore, Sri Lanka, United States and the United Kingdom, provides Brandix with an innovative and best-in-class solution to optimise its cash and interest yields globally within complex regulatory settings.
It also enables Brandix to increase visibility and control globally via a single banking platform for all payments and collections, including standardised processes for effective management. This transformation took place following thecentralisation and setting up of Brandix’s Treasury hub, collections and trading arm in Singapore, during which HSBC played an integral role as the company’s consultative partner as well. Priyanke Perera, Head - Global Treasury of Brandix commented on the achievement, “We are honoured to be recognized at The Asset Triple A Awards 2020 for our efforts towards excellence in operational efficiency and optimisation of cash through the IE solution. When exploring the option for a flexible and scalable solution to meet our unique business model, HSBC provided us with a solution leveraging their global network, capabilities and technology to best suit our needs.” “As a result, we are better able to centralise liquidity globally across Asia Pacific, United States and the United Kingdom with automated payments and reconciliation.”
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