Vendors
日本語

Citi: Making Payments Pay For Clients

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
3 March 2021
Gareth Lodge

Winner Of Celent Model Bank 2021 Award For Commercial Payments

Abstract

When judging Model Bank nominations, Celent looks for innovative and differentiating use of technology, with demonstrable business benefits. Citi merits our Commercial Payments award for a group of initiatives, each of which was a worthy contender for an award.

One initiative addresses the very real pain point a corporate has in managing disparate, usually manual, accounts receivables processes—especially when serving customers overseas. Citi’s solution not only creates a unified, automated platform but simplifies the process of doing business cross-border as well.

The other group of initiatives focus on enabling clients to utilise the growing number of instant payment systems that exist globally—from how to manage systems with different technical and business requirements, to sending instant payments cross-border, to sending payments to anyone instantly.

When the initiatives are considered together, an even more powerful story emerges. Each initiative starts with understanding a customers’ pain point, and then explores how Citi can both bring its technology prowess to bare with a goal of making the client’s business better.

It is this combination of market leading if not global technology firsts and client-centric design thinking that made Citi’s entry such a worthy winner.

Subscription required

Access to this content requires a Celent research subscription.

Subscribers should sign in to access this research.

If you are not a subscriber, register now or contact us to find out more about our subscription options.

Video

Please consent to Functional Cookies to see this content, see Manage Cookies

Insight details

Industry
Corporate Banking
Subscription(s) required to access this Insight:
Banking, >>Retail & Business Banking, >>Corporate Banking
Insight Format
Reports
Geographic Focus
Asia-Pacific, EMEA, North America