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Financial Insights announced Corporate Payments & Financial Supply Chain: Which Banks are Best, which evaluates how 7 financial institutions have extended their corporate treasury & cash management offerings to include integrated financial supply chain services. Financial Insights has now established the first consistent definition of financial supply chain management services that can be used to make valid comparisons between competitors & provides a snapshot of what is being offered at this point in time. Financial supply chain management is still an emerging area, therefore considerable variation in product offerings & even definitions still exist. Based on this pioneering study, Financial Insights considers JPMorgan to be in the lead at this time, followed by AmEx & BoNY/Mellon. JPMorgan’s position is based on the comprehensive scope of its offerings, & the organizational focus it has shown with regard to the financial supply chain opportunity. The report states how important it is for financial institutions to support purchasing cards, as this is one of the fastest-growing market segments of the card business & combines payments & financing, making these cards a natural fit for financial supply chain management. ‘Financial institutions will have to work together to connect their individual buyer-supplier networks into a single network-of-networks, similar to what is happening in the check image exchange market. Financial institutions still have to agree on a remittance data standard & push their customers to use it in a coordinated fashion as the focus of competition will become comprehensive service, reliability & quality, rather than proprietary buyer-supplier networks or connectivity standards.’ The 7 financial institutions profiled in the report have made strides by being willing to buy & build the necessary technology & overcome conflicting internal goals to present a unified face to the market. The following financial institutions are benchmarked in this report: AmEx, BofA, BoNY/Mellon, Citi, Deutsche Bank, JPMorgan & Wells Fargo.