Citi has announced the launch of real-time funding for its corporate clients.
The service is now available in Australia, Hong Kong and the United Kingdom, with plans to expand to additional markets later this year.
Citi Real-Time Funding (RTF) enables the automated movement of funds between cross-border accounts based on pre-defined rules set by the client.
The move facilitates automated and instant funding between intercompany accounts 24/7.
Citi said that the service may be particularly useful for companies with a lean treasury team or a centralised liquidity structure.
“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,” said Stephen Randall, global head of liquidity management services, Citi Services. “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 Multi-banking, On-Demand Sweeps and Real-Time Liquidity Sharing that are powering our clients’ journeys to real-time liquidity management.”
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