Citi Treasury and Trade Solutions launched four payment solutions for clients of Financial Institutions (FI). The solutions are designed to improve the company’s client experience. With this, FI clients will easily access new capabilities with low or no implementation work or technology build.
The new functionalities are designed to easily extend, expand, and improve FI offerings. It includes Citi’s 24/7 USD Clearing for FIs to include individual payments. With this feature, FIs will make commercial payments.
It also includes Confirmed Value Transfer (CVT), which will give transparency on associated deducted fees ahead of any transaction when multiple parties are processing a USD cross-border payment.