Citi has launched TreasuryVision Liquidity Manager, a key component of the bank’s TreasuryVision Analytics toolkit providing interactive balance visibility via the CitiDirect online banking platform.
Its analytic dashboard enables many views of cash positioning and risk reporting with summarised and detailed views of end-of-day (EOD) aggregate balances and analytic trending, grouped by header accounts in their Citi liquidity structure, including multi-currency notional pooling and global cash concentration accounts. With the tool, many aspects of cash positioning and risk reporting are enabled.
Citi announced that DENSO, a supplier of advanced automotive technology, systems and components for the world’s major car makers, is the first client to pilot the TreasuryVision Liquidity Manager solution.
“As businesses expand across multiple geographies, aggregating balances within a liquidity structure becomes increasingly important, particularly for the purpose of improving overall control of daily liquidity, optimising global cash allocations and credit usage,” said Cindy Gerhard, managing director and head of liquidity management solutions product management for Citi Treasury and Trade Solutions.
“As the first client to pilot TreasuryVision Liquidity Manager, DENSO has been an important pioneer and partner in helping us refine this innovative solution.”
Data from Swift’s latest RMB tracker shows exceptional growth in RMB adoption in the United Arab Emirates (UAE), witnessing a 210.8% growth in payments value of the currency since August 2014, albeit from a low base.
Sentiment in the financial services sector deteriorated in the three months to September, as firms digested the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union (EU), according to the latest CBI/PwC Financial Services Survey.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.