Citi Partners with Software Fintech to Launch Refreshed Digital Investment Portal
October 08 2019 - 6:04AM
Business Wire
Best-in-class Digital Investment Platform
delivers Upgraded Client Experience for Money Market Fund Portfolio
Management
Citi is delivering an updated online investments portal for
money market funds (MMF), as the result of a partnership with
Cachematrix, a software as a service Fintech firm focused on
simplifying cash management.
The partnership will assist in driving innovation in money
market fund management, as treasury professionals expect automation
and simplicity around their investment decisions.
Mark Smith, Global Head of Liquidity Management Services,
Treasury and Trade Solutions, Citi, commented: “The world is moving
toward better technology, simpler design, and instant access to
data and automated analytics. We have redesigned the end-to-end MMF
user experience in our Citibank® Online Investment portal, to
ensure that we are providing our clients with more data-rich fund
research and analytics tools; new choices for automated sweep
rebalancing; a simplified account structure; and enhanced usability
with increased customization options.”
The new Online Investments MMF solution will allow treasury
professionals to manage their MMF portfolio in a more streamlined
manner. For both active and automated investments, clients will be
able to leverage automated analytics tools to support their
strategic decision-making and risk management processes, through
the bank’s mobile banking solution, CitiDirect BE®.
The global solution is designed to maximize ease of use,
delivering a simplified, digital experience for clients to manage
their money market fund portfolios. Across all aspects of the
portal experience, the new solution creates an easier-to-use, more
efficient offering for clients to manage their portfolio. Clients
can now manage their portfolio in a more streamlined
infrastructure, with increased visibility to counterparty
exposures, more interactive tools, new alert options, greater
customization to tailor how information is displayed, and a
simplified approach to managing their accounts.
Dave Agostine, CEO, Cachematrix commented: “Cachematrix is
excited to power Citi’s Online Investments portal with our
best-in-class financial technology. As cash management has become
increasingly in focus with corporate investors, it is important for
financial institutions to provide innovative liquidity solutions
that create ease in what has historically been a cumbersome
process. We believe our partnership with Citi and revamp of the
Online Investments portal will help to drive efficiencies for the
client with a modern and simplified cash management
experience.”
To find out more about Citibank ® Online Investments, please
click here.
About Citi Treasury and Trade Solutions:
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 100 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
About Cachematrix
Cachematrix is a global financial technology firm that aims to
simplify cash management for leading banks and liquidity investors.
We believe our team's expertise in banking, financial technology
and asset management helps drive successful platform integrations,
innovative products, and market intelligence for our clients. For
more information, visit www.cachematrix.com, or follow us on
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20191008005460/en/
Belinda Marks Tel: +44 (0)207 508 3082 Email:
Belinda.marks@citi.com
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