Citi: Next Gen Treasury and Trade Services
Winner of the 2024 Celent Model Bank Award for Digital Asset Innovation
Abstract
Treasury departments are under increasing pressure to improve operational efficiency, make smarter and faster decisions, and mitigate risks. Within current settlement systems, they continue to face pain points with impacts to liquidity optimization and payment speeds. For example, payment systems have not kept up with the pace of growth in the global B2B and direct-to-consumer economy. Additionally, in trade, the operational processes for traditional instruments are still heavily paper-based and require a significant number of manual processes.
In response, Citi has developed Citi Token Services, a foundational part of delivering next generation treasury and trade services that are 100% digital, real-time, and always-on. In building Citi Token Services, Citi is achieving the critical triple play of value, feasibility, and viability.
Related Research
Corporate Banking IT Spending Forecasts by Technology, 2023-2028
December 2023
Technology Trends Previsory: Corporate Banking 2024 Edition
November 2023
Blockchain in Action: Payments and Transaction Banking, Spotlight on Frontrunners
September 2023
Innovation in Banking and Payments 2023: A Snapshot Through the Lens of Model Bank (2023 Model Bank Awards Roundup)
March 2023
Mapping the Crypto Galaxy Part 2: Trends in Cryptocurrencies, Stablecoins/CBDCs, and DeFi
September 2021
Mapping the Crypto Galaxy Part 1: Transaction Banking and Payments
August 2021
Innovation and Innovators in Working Capital Financing
September 2020
Blockchain Adoption in Corporate Banking: Generating the Flywheel Effect
August 2020
UnionBank of the Philippines: Blockchain to Bring Digital Payments to Rural Banks
April 2020