LONDON–(BUSINESS WIRE) – Citigroup Inc. (NYSE: C)
Citi was named Best Global Bank for Liquidity Management for the second year in a row by Global Finance. The publication also recognized Citi as the best bank for financial institutions, named Citi’s cash pooling solution the best in the world, and presented a number of regional awards for liquidity and cash management.
Joseph D. Giarraputo, Global Finance Editor and Editor-in-Chief, said, “Citi’s continued commitment to innovation, delivering global, simpler digital solutions that enable customers to work faster, smarter and more efficiently, has helped them stand out this year take off. The further integration of the service portfolio onto one platform shows Citi’s determination to help treasurers manage their liquidity more easily. By integrating the Global Concentration Engine and Citibank® Online Investments into the CitiDirect BE® platform, treasurers can easily manage their investing activities along with their global cash management business. ”
Stephen Randall, Global Head of Liquidity Management Services at Citi Treasury and Trade Solutions, added, “We are very honored to have received these awards in the various categories. This is testament to Citi’s passion for harnessing the power of technology to create innovative solutions that continuously adapt to our customers’ changing needs and support their growth goals. Liquidity management remains an important focus for our clients, who are constantly looking for ways to better manage and gain insight into capital and liquidity risks and opportunities. We look forward to continuing this journey with our customers working towards greater growth, resilience and efficiency. ”
Citi received top honors in global and regional categories including:
Best global bank for liquidity management
Best global bank for financial institutions
Best global cash pooling solution
Regional and country prices:
Best Overall Cash Management Bank – USA
Best Bank for Liquidity Management – North America, Latin America
Best Short Term Investment / Money Market Fund Provider – Latin America
Excellent Financial Achievement During Covid Pandemic – Latin America
Best Bank for Liquidity Management – North America
Best Bank for Cash Management – Bahamas, Colombia, Costa Rica, Mexico, Puerto Rico, USA
Global Finance used a multi-step evaluation process that included entries from banks and vendors, as well as input from industry analysts, executives, technology experts and independent research professionals to select the best providers of treasury and cash management services. A variety of subjective and objective criteria were considered including: profitability, market share and reach, customer service, competitive pricing, product innovation, and the extent to which treasury and cash management providers successfully differentiated themselves from their competitors in terms of providing core services to have.
Citi Treasury and Trade Solutions (TTS) helps our clients succeed by providing multinational corporations, financial institutions and public sector organizations around the world with an integrated suite of innovative and tailored cash management and trade finance services. Based on the establishment of the industry’s largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering a comprehensive range of digitally enabled treasury, trading and liquidity management solutions.
Citi, the world’s leading bank, has approximately 200 million customer accounts and operates in more than 160 countries and jurisdictions. Citi provides a wide range of financial products and services to consumers, businesses, governments and institutions, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
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