Citi has launched a tool that provides real-time information on the processing status of a trade transaction to all parties via mobile phone. Trade Advisor Mobile, an extended functionality of Trade Advisor will be available through CitiDirect Online Banking.
“Citi’s Trade business has entered into the mobile space with Trade Advisor,” said Fran Martell, Global Trade Capabilities product manager at Citi. “With this new capability, Citi can provide transaction information wherever it is needed to all parties engaged in a trade flow including transaction updates for Letters of Credit, Documentary Collections and Enhanced Open Account.”
Naveed Sultan, global head of Treasury and Trade Solutions at Citi, says “Trade is a very important part of our business and we are extremely pleased to be able to bring mobile functionality to our trade customers. As part of our commitment to bring innovative, value-added solutions to our customers and our goal of being the world’s digital bank, this is just the first solution to which we will roll-out mobile functionality.”
Other new features and functionality added since launch now allow entitled mobile users to:- Receive alerts and create, authorize, release and delete batch payments for straight through processing- Check account balances and transaction status providing for added convenience- Authorize imported file transactions- Optimize usability of their mobile phones with an enhanced user interface design
(JDC)