Citi Integrates SWIFT GPI Tracker With its Payment Flow Manager Platform
18 October 2017 - 12:00AM
Business Wire
Enhanced Tracking Abilities Provide Full
Transparency Throughout the Payment Life Cycle to Citi
Clients
Citi Treasury and Trade Solutions has successfully integrated
SWIFT global payments innovation (gpi) into Citi’s Payment Flow
Manager (PFM). SWIFT gpi is a new service which is transforming
cross-border payments by increasing the speed, transparency and
end-to-end tracking of payments.
Payment Flow Manager is an online platform designed specifically
for Citi’s financial institution clients that provides a direct
“window” into Citi’s institutional global funds transfer systems
and delivers payment monitoring, management, and reporting
features. By adding gpi information to the platform, Citi’s FI
clients receive greater visibility into their payments through
increased tracking capabilities and can manage risk more
efficiently through their payment life cycle.
“Citi is committed to consistently improving our client
experience by driving innovation. We’re proud to have played a key
role in the gpi initiative – from concept formulation to piloting
the service. We were one of the first banks to go live with gpi
payments,” said Mark McNulty, Global Head of Clearing and FI
Payments, Citi Treasury and Trade Solutions. “This next step of
integrating and enriching PFM with gpi data will deliver much
greater certainty and transparency through the payment chain – a
key requirement of our clients.”
“Citi is one of the key banks on SWIFT gpi, and has been right
from the start. The integration of gpi tracker information into
Citi’s Payment Flow Manager will undoubtedly give additional
distinctive value to their clients. It is a real testimony to the
value of gpi to see such a leading financial institution as Citi
making gpi an integrated part of its service offering,” said Wim
Raymaekers, SWIFT’s Global Head of Banking Market.
Citi transacts with over 1,500 correspondent banks, doing
business in more than 160 countries and 140 currencies each day.
With a dedicated team of correspondent banking experts around the
world, Citi empowers its FI clients with knowledge, training, an
extensive global network and infrastructure, as well as unrivalled
digital capabilities and efficiency tools.
Citi Treasury and Trade Solutions (TTS) enables our clients'
success by providing an integrated suite of innovative and tailored
cash management and trade finance services to multinational
corporations, financial institutions and public sector
organizations across the globe. Based on the foundation 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 the industry's most
comprehensive range of digitally enabled treasury, trade and
liquidity management solutions.
###
About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
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version on businesswire.com: http://www.businesswire.com/news/home/20171017005106/en/
Citi:Nina Das, 212-816-9267nina.das@citi.com
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