Citi launches real-time liquidity sharing


Citi has launched a new real-time liquidity sharing solution, aimed at helping companies seeking greater efficiency in terms of liquidity and working capital. The tool, part of Citi’s suite of liquidity enhancement products, is launched in six countries and jurisdictions in the Asia-Pacific region: Australia, China, Hong Kong, New Zealand, Singapore and Taiwan. Other markets will follow depending on customer demand.

“The need for improved efficiency has been heightened by remote working brought about by the pandemic, rapid changes in business models and the resulting stress on liquidity,” the company said in a statement. Press release. “Developed in response to customer demand for advanced cash management technology, Citi’s latest innovation enables treasurers to manage intraday cash in real time.

The tool enables treasury teams to mobilize cash and fund intraday payments between accounts and entities in real time without the need for physical account funding, saving labor hours and administrative costs .

“Beyond cash flow automation, our new solution complements how we help our clients realize real growth potential in real time and in e-commerce, by delivering integrated instant payments and liquidity solutions. 24 hours a day, 7 days a week, ”said Sandip Patil, Asia Pacific Head of Liquidity Management Services for Treasury and Trade Solutions.

Citi said its real-time liquidity sharing is one of many recent liquidity solutions it has deployed to help expand into new markets.

Managing real-time liquidity and real-time payments is a difficult achievement, as Planixs CFO Pete McIntyre said in an interview with PYMNTS last year. “The challenge for the treasury manager is to be able to understand, right now, where all of his cash is located in the different markets and time zones of the world,” he said. “Where is your money right now and is it in the right place?” “

In larger, older, multinational companies, the combination of siled systems and decades-old infrastructure can hamper efforts to aggregate real-time cash position data. But the money won’t wait for these systems to catch up. It’s always on the move, and because it’s moving faster, there’s even more need to get this data on demand.

For more on this topic, read our recent interview with FinLync CFO Peter Klein.



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