The solution launches in six markets across Asia Pacific with more to follow
Citi has announced the rollout of a new global real-rime liquidity sharing solution. This way, it is addressing a need for companies to secure improved efficiencies in liquidity and working capital.
According to the press release, part of Citi’s Liquidity Optimization product suite, the new platform is launching across 6 countries and jurisdictions in Asia Pacific – Australia, China, Hong Kong, New Zealand, Singapore and Taiwan. Other regions and additional markets to follow in line with client demand.
The need for improved efficiencies has been heightened by pandemic-driven remote working, rapid changes to business models and ensuing stress on liquidity.
Citi Real-Time Liquidity Sharing can help treasury teams to mobilize liquidity and fund intraday payments across multiple accounts and entities in real-time, without having to bother with physical funding of the accounts.
This allows companies to maximize their working capital and eliminates the need for manual funding and forecasting, thereby saving hours of work and reducing the administrative costs associated with external and subsidiary borrowing.
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