Citi Launches Citi® Virtual Accounts
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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US:NYSE Investor Relations:
citigroup.com/citi/investor/pres.htm
Company Research
Source: Business Wire
Global offering leverages Citi’s network to deliver enhanced visibility, control and efficiencies for institutional clients. LONDON--(BUSINESS WIRE)-- Citi (NYSE: C) has announced the launch of its new global solution, Citi® Virtual Accounts, which allows clients to segregate their balances under a single physical account, providing enhanced visibility, control and efficiencies through centralized payments, receivables and liquidity management. The in-house solution leverages the strength of Citi’s on the ground presence whilst delivering a globally consistent offering and is live with clients in Western Europe covering 16 markets and 37 currencies, with the U.S. and Asia to follow. Manish Kohli, Global Head of Payments and Receivables, Treasury and Trade Solutions, Citi, commented: “Citi’s investment in proprietary virtual account technology exemplifies our commitment to providing c
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