Citi Launches Citi Real-Time Funding for Corporate Clients, Expanding Its Real-Time Treasury Suite
10 Junho 2024 - 9:00AM
Business Wire
Latest real-time liquidity solution from Citi
helps facilitate 24/7 account funding and streamline treasury
processes
Citi today announced the launch of Citi Real-Time Funding (RTF),
the latest addition to its real-time treasury suite of solutions
for corporate clients. Citi Real-Time Funding is now available in
Australia, Hong Kong and the United Kingdom, with plans to expand
to additional markets later this year.
Citi RTF enables the automated movement of funds between
cross-border accounts based on pre-defined rules set by the client,
helping them ensure that cash is available when and where it’s
needed. Benefits of the solution include:
- Automated and instant funding between intercompany accounts on
a 24/7 basis, including intraday, afterhours, weekends and
holidays
- Reduced need for account buffers, prefunding and borrowing
- Timely and automated release of payments, domestically and
across borders
- Consolidated view of intercompany loans and cash positions in
one report
“With the introduction of Citi RTF, Citi continues to deliver
best-in-class, real-time treasury solutions to help our clients
remain competitive and agile,” said Stephen Randall, Global Head of
Liquidity Management Services, Citi Services. “With the
proliferation of instant payments and evolving business models,
treasuries must be able to support rapidly growing, 24/7 cash
flows. Citi RTF complements our existing treasury products like
Real-Time Multibanking, On-Demand Sweeps and Real-Time Liquidity
Sharing that are powering our clients’ journeys to real-time
liquidity management.”
Citi RTF is a differentiated offering that can help corporate
treasurers optimize liquidity and make funding decisions with
real-time data, while also automating traditionally manual
processes for 24/7 account monitoring and complex cash forecasting
to support their operations. The solution may be especially
beneficial for companies with a lean treasury team or a centralized
liquidity structure, helping them to maximize treasury efficiency
and performance.
Citi’s comprehensive suite of liquidity management offerings
provide cross-border and cross-currency cash pooling solutions
across its global network. With the addition of Citi RTF, Citi
continues to bring innovative solutions that are designed to
address the evolving needs of corporate treasurers and enable their
businesses to compete in an increasingly 24/7, real-time world.
About Citi Citi is a preeminent banking partner for
institutions with cross-border needs, a global leader in wealth
management and a valued personal bank in its home market of the
United States. Citi does business in nearly 160 countries and
jurisdictions, providing corporations, governments, investors,
institutions and individuals with a broad range of financial
products and services.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube:
www.youtube.com/citi | Facebook: www.facebook.com/citi
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version on businesswire.com: https://www.businesswire.com/news/home/20240610858265/en/
Media: Stephanie Hyon stephanie.hyon@citi.com +1
212-816-3397
Harsha Jethnani Harsha.jethnani@citi.com +65 93830872
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