Citi has launched an innovative solution for corporate clients—Citi Real-Time Funding (RTF). Available now in Australia, Hong Kong, and the United Kingdom, Citi RTF is designed to revolutionize the way corporate treasurers manage their funds, with plans for expansion to additional markets later this year.
Streamlined Fund Movement Across Borders
Citi RTF enables the automated, instantaneous transfer of funds between cross-border accounts based on predefined client rules. This new solution provides several key benefits:
- 24/7 Automated Funding: Facilitates round-the-clock fund transfers, including intraday, after-hours, weekends, and holidays.
- Reduced Account Buffers: Minimizes the need for prefunding and borrowing.
- Timely Payment Releases: Ensures automated and punctual payment releases, both domestically and internationally.
- Unified Cash Position Reporting: Offers a consolidated view of intercompany loans and cash positions in one comprehensive report.
Stephen Randall, Global Head of Liquidity Management Services at Citi, stated, “With the introduction of Citi RTF, Citi continues to deliver best-in-class, real-time treasury solutions to help our clients remain competitive and agile. With the proliferation of instant payments and evolving business models, treasuries must be able to support rapidly growing, 24/7 cash flows. Citi RTF complements our existing treasury products like Real-Time Multibanking, On-Demand Sweeps, and Real-Time Liquidity Sharing that are powering our clients’ journeys to real-time liquidity management.”
Enhancing Treasury Efficiency
Citi RTF is a game-changer for corporate treasurers, allowing them to optimize liquidity, make informed funding decisions with real-time data, and automate traditionally manual processes for continuous account monitoring and complex cash forecasting. This solution is particularly beneficial for companies with lean treasury teams or centralized liquidity structures, significantly enhancing efficiency and performance.
Comprehensive Liquidity Management
Citi’s extensive suite of liquidity management offerings provides cross-border and cross-currency cash pooling solutions across its global network. The introduction of Citi RTF underscores Citi’s commitment to addressing the evolving needs of corporate treasurers, enabling businesses to compete in an increasingly 24/7, real-time financial landscape.
For more information, visit Citi.
Stay updated with FinQfy for the latest advancements in digital payments and financial technology.
