Sterling Bank of Asia Receives BNY
Mellon Straight-through Processing Award 2022
L-R:
Luisito Mayor, SBA Operations Group Head & Senior Vice President; Felisa
Alcala, SBA Business Support Services Head & Vice President; Cecilio San
Pedro, SBA President & CEO; Jun Cristobal, BNY Mellon Senior Vice
President, Global Client Support, Treasury Services, Client Implementation and
Philippines Market Manager; Cedric Chong, BNY Mellon Relationship Manager,
Treasury Services; and Christopher Rocero, SBA Trade Services and Remittance Head
Sterling Bank of Asia (SBA) has once again
received the Straight-Through Processing (STP) Award from The Bank of New York
Mellon for its exceptional payment formatting performance in 2022. The award
has been consistently granted to the bank for five consecutive years. It is a
recognition of SBA's commitment to excellence, and its ability to execute
payment formatting performance for MT103/MT202 payments with accuracy and speed
in financial operations.
STP is a vital performance indicator in the
financial industry, measuring payment processing efficiency. The STP Award is a
testament to SBA's fulfillment of BNY Mellon's strict requirements for
processing speed, procedural compliance, and secure transactions for offshore
transactions.
This accolade reflects the bank's
unwavering commitment to excellence and dedication to providing seamless and
efficient financial services to its customers. "In the banking industry's
dynamic and rapidly evolving landscape, recognition of excellence becomes a
crucial benchmark for financial institutions," said SBA President and CEO
Cecilio San Pedro.
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