DALLAS, Jan. 9, 2019 – Comerica received top honors for its commitment to keep pace with the rapid change in technology during the Aite Group’s Innovation in Cash Management & Payments Forum in New York City. Comerica earned the Impact Innovation Award in Reporting and Analytics during the inaugural event, designed to recognize innovation achieved by financial institutions leveraging technology to establish a higher standard.
Comerica’s Treasury Management and Technology teams partnered to create the Treasury Information Reporting product, a customer-focused online banking solution designed to better understand and exceed customer expectations.
“It is a tremendous honor to receive Aite Group’s Impact Innovation Award that recognizes leaders in the industry,” said Ian Hogan, Executive Vice President of Treasury and Capital Markets. “We promise our customers that we will raise expectations, and we developed this new initiative with that goal driving the design and implementation of this product. We look forward to delivering a higher level of banking by expanding upon our growing advancements in technology.”
Award winners were selected based on the following criteria, which were considered when scoring each entry:
- Level of innovation and competitive advantage
- Market need
- Impact on customer experience
- Impact on customer operational efficiency
- Level of new revenue opportunity
- Impact on customer retention/new customer attraction
- Level of scalability across customer base
- Future roadmap
“The creation of the Treasury Information Reporting product represents an integral component of Comerica’s digital technology transformation,” said Sangy Vatsa, Executive Vice President and Chief Information Officer. “Products like this exemplify our focus on driving customer delight by enriching customer experience and implementing innovative solutions”
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $71 billion at Sept. 30, 2018.
About Aite Group: Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, it guides financial institutions, technology providers, and consulting firms worldwide. Aite Group partners with its clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit Aite Group on the web at www.aitegroup.com or connect on Twitter and LinkedIn.
