Inflation and other pressures are placing greater demands on the region’s treasurers. They expect their banks to provide enhanced services.
Across Latin America, the treasury landscape is evolving rapidly as CFOs demand greater real-time liquidity, automated risk mitigation, and strategic data integration. Leading financial institutions are meeting this challenge by delivering sophisticated, technology-driven solutions that transform traditional treasury operations into engines of resilience and competitive advantage, enabling seamless cross-border management.
Best Bank for Transaction Banking
Best Bank for Collections
Best Corporate Cross-Border Payments Solutions
SCOTIABANK
The core challenge for Latin American CFOs is moving cash with speed, certainty, and control, according to Chad Wallace, executive vice president of Global Transaction Banking at Scotiabank. “Legacy payment rails often trap liquidity because of limited windows and fragmented visibility,” he says. “Realtime payments, ISO 20022 messaging, and end-to-end tracking are enabling a shift toward dynamic liquidity control, allowing treasury teams to optimize cash across markets with precision.” Wallace says that treasurers are now expected to optimize working capital and support supplier resilience.
Best Bank for Cash Management
Best Bank for Financial Institutions
CITI SERVICES
“Latin America’s inflationary pressures and localized foreign exchange controls demand more than conventional treasury management,” says Steven Donovan, Latin America Treasury and Trade Services head at Citi. “They can require intelligent automation and embedded risk mitigation working in concert.”
Citi delivers these requirements through two reinforcing pillars: “First, through automated Citi Supplier Finance and integrated receivables structures such as Citi Distribution Finance, we unlock trapped cash and optimize working capital efficiency across the region,” Donovan says. “Second, through CitiFX Pulse, treasurers gain real-time, cross-border payment execution and advanced hedging capabilities that stabilize cash flow predictability and provide the agility to respond decisively to currency volatility.” Both are underpinned by Citi’s unmatched regional footprint, which combines local regulatory expertise with globally consistent standards.
Best Bank for Long-Term Liquidity Management
BBVA
BBVA delivers comprehensive cash visibility and automated liquidity management via its flagship platform, BBVA Pivot. For enterprises with a significant trade or manufacturing footprint in Mexico, where the bank holds a dominant position—as well as in Peru, Colombia, and Argentina— Pivot serves as a centralized gateway for regional oversight. By integrating host-to-host and application programming interface (API) connectivity directly into corporate enterprise resource planning systems, BBVA enables treasurers to execute rule-based, end-of-day sweeps.
Best Bank for Payments
SANTANDER
Santander has achieved a critical milestone in correspondent banking by processing third-party payments for nonbank financial institutions, demonstrating a scalable model that balances growth with rigorous control. The bank has continued to strengthen its regional position by standardizing operations with ISO 20022 and preparing for regulatory shifts such as payee verification. Santander integrates domestic capabilities, including Brazil’s PIX and API-based connectivity, into its global platforms, providing a unified channel framework that simplifies treasury execution.
Best Provider of Short-Term Investments/Money Market Funds
ITAÚ UNIBANCO
Itaú Unibanco is Latin America’s largest financial institution, and its asset management arm is a structural force in the region’s largest short-term market. For corporate treasuries in Brazil, managing cash requires navigating high local interest rates while maintaining liquidity. Itaú’s institutional money market and interest-rate-referenced interbank deposit funds (Fundos DI) are the default home for large enterprise cash buffers, providing top-tier automated treasury connectivity.
