Citibank launches e-banking for institutional clients
CITIBANK has launched an electronic banking platform in Singapore for its institutional clients, to increase transaction transparency, reduce fraud exposure and improve operational efficiency.
The CitiDirect Banking Evolution provides an integrated suite of solutions beyond the traditional transaction management and reporting services offered under its CitiDirect online platform. The bank said it invests "tens of millions of dollars" into this new platform every year.
With the new system, institutional clients can view receivable and payment flows, as well as their aggregated cash balances, across different countries. They can also identify abnormal transactions with the Payments Risk Manager feature and investigate into potential fraudulent transactions.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Porsche posts Q1 profit drop on ramp-up costs