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DONG Energy was created from a merger of six companies in 2006, each with its own procedures, systems and bank relationships. Bringing its finance processes into alignment was a huge undertaking – but one that has been vital to the company’s success.

CLS, the provider of settlement services for FX, is inching closer to bringing the Hungarian forint into the fold of currencies it settles. This is just one of a catalogue of projects the group is working on, as it extends its settlement reach further across the FX world.

The government has allowed what should have been a simple market correction to get the better of it.

The acquisition of Smith Barney from Citi was far from the obvious play for Morgan Stanley in 2008. Now, it looks like a masterstroke.

The benefits of in-house banks are evident to companies with businesses in multiple countries and substantial FX exposure, although implementation challenges can be considerable.

Best bank in Asia Citi Best investment bank in Asia Morgan Stanley Best M&A house in Asia Bank of America Merrill Lynch Best equity house in Asia Goldman Sachs Best debt house in Asia HSBC Best flow house in Asia

Citi wins best bank in Asia, Morgan Stanley best investment bank.

Patrick Snowball, group chief executive, has led an excellent turnaround of Suncorp

Regional awards • Country awards • Press release • View full 2015 results

In addition to facilitating more efficient payments, corporate cards can also help treasurers reduce their FX costs.

ISO 20022 – the messaging standard that underpins the Single Euro Payments Area (Sepa) regulation and other regional payment systems – initially emerged for securities messages and is now considered the best option for completing real-time payments. However, the upfront costs involved to implement the standard is moderating the pace of global adoption.

Digital technology is set to change banking fundamentally in the years ahead. Euromoney has been writing about this a lot, while quietly wondering what it might do with a dollar for every time a grey-haired senior banker solemnly asserts it. Hence, no doubt, the email that pings into our inbox from Silicon Valley, promoting what looks like a new trade-matching or wealth-management service, called MillionaireMatch, which boasts that it runs a ‘no riff raff policy’. Quite right too, in this era of endless fines for market rigging and other offences.