Citi Securities Services and Taskize Partner to Streamline Counterparty Operational Workflow
24 Novembro 2021 - 6:00AM
Business Wire
Citi (NYSE:C) and Taskize Limited announced today that they have
entered into a strategic agreement where Citi Securities Services’
custody clients can leverage Taskize’s query management platform to
directly connect to their Citi Operations counterparts.
This collaboration brings together Taskize’s structured workflow
capabilities and Citi’s industry-leading proprietary custody
network spanning over 60 markets to create a network effect between
Citi, its counterparts and various market infrastructures to
address operational workflow challenges.
“This partnership is based on a shared vision of secure
inter-company workflows for query management and to move away from
email chains between operational counterparts," said Jeffrey King,
Global Head of Custody Product Development at Citi. “By leveraging
Taskize’s email management, flexible API integration and
traceability on queries with fully auditable workflow, our custody
clients will be able to gain greater insight into the status of
their queries.”
Taskize’s user interface provides Citi’s custody clients with a
direct means to contact their operational counterparts, replacing
the traditional email mechanism, and provides real-time visibility
on current query status and full audit trail capabilities. By
creating an end-to-end operational workflow experience with
counterparties, Citi custody clients can benefit from an
accelerated and enhanced counterparty resolution experience.
“We are delighted to be partnering with Citi, empowering them to
service their clients in a secure, efficient and transparent way,”
said Philip Slavin, CEO and co-founder of Taskize. “This is another
great example of Citi and Taskize embracing the industry’s drive to
greater efficiency and control through best-of-breed partnering and
inter-operability.”
This agreement further illustrates Citi’s commitment to
delivering innovative solutions to clients while mitigating risk.
The Taskize platform streamlines costly counterparty workflows
across buy-sides, sell-sides, custodians, market infrastructures
and Fintech providers, without risking data sovereignty. Citi’s
custody clients will not only have access to the Taskize network,
but also the ability to raise queries to all other institutions
currently operating on the platform.
About Citi With approximately $30 trillion1 of assets
under custody and administration and the industry-leading
proprietary network spanning over 60 markets, Citi Securities
Services provides clients with extensive on-the ground local market
expertise, innovative post-trade technologies, customized data
solutions and a wide range of custody and fund services that can be
tailored to meet clients’ needs.
Citi has approximately 200 million customer accounts and does
business in more than 160 countries and jurisdictions. Citi
provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including
consumer banking and credit, corporate and investment banking,
securities brokerage, transaction services, and wealth
management.
Additional information may be found at http://www.citigroup.com
| Twitter: @Citi | YouTube: http://www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: http://www.facebook.com/citi
| LinkedIn: www.linkedin.com/company/citi.
About Taskize Taskize is trusted by over 360 financial
firms in 53 countries making it the leading provider of structured
inter-company workflow to the Financial Services Industry to
improve operational efficiency across buy-sides, sell-sides,
custodians, market infrastructures and Fintech providers. Founded
by industry veterans, Taskize eliminates the inefficiency and
insecurity of email, phone, and chat to provide everything needed
to resolve back-office cross-party issues securely and efficiently.
Taskize is cloud-native, with an open architecture leading to easy
adoption and benefit realization. Taskize is owned by Euroclear, a
leading global provider of Financial Market Infrastructure
services. Follow @Taskize on LinkedIn or visit www.taskize.com.
___________________ 1] As of Q3 2021.AUC/A figure separately
represents gross assets for which Citi provides Global Custody and
sub-custodian services via its Direct Custody and Clearing business
and includes Issuer Services. Citi previously reported AUC/A
numbers on a net basis, therefore discounting assets serviced by
both businesses.
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version on businesswire.com: https://www.businesswire.com/news/home/20211124005672/en/
Media Citi: Rekha Jogia-Soni – Rekha.Jogniasoni@citi.com
Taskize: Simon McDowell – Simon.Mcdowell@taskize.com
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