FNB and RMB have jointly been awarded as the Best Foreign Exchange Provider in South Africa for the fifth year in a row in the annual World’s Best Foreign Exchange Provider awards hosted by the Global Finance magazine.

The winners were selected from 122 countries globally using criteria which included, but weren’t limited to, transaction volumes, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance magazine also considered input from industry analysts, corporate executives and technology specialists.

FNB and RMB facilitate foreign exchange transactions and cross-border payments through a single Foreign Exchange business unit that offers a range of solutions suitable to a client’s unique needs and requirements.

Anthony Grant, CEO of foreign exchange at FNB and RMB, says: “Being named the Best Foreign Exchange Provider in South Africa for the fifth year in a row affirms our commitment to helping customers, and is a tribute to a team that prides itself in developing innovative foreign exchange solutions. The award recognises our efforts to offer the best solutions to a wide range of clients ranging from individuals to corporates and financial Institutions.

“As a trusted platform-based business, technology has enabled us and transformed the forex landscape in recent years, putting the power in the hands of the bank’s corporate and individual clients — not only in forex dealing but also in forex payments. It gives our clients the flexibility to manage their currency risks and cash flows, making inward and outward cross-border payments easier, quicker and more transparent. Whatever our clients’ foreign exchange needs, we take care of them in a few simple steps whenever they need it, from anywhere in the world,” Grant adds.

“We would like to extend our appreciation to our clients for their continued support and Global Finance for presenting us once again with this prestigious award. This award cements our commitment to provide innovative, convenient, simplified, market leading and world-class foreign exchange services and solutions.”