Citi’s Global Transaction Services has launched an integrated enterprise connectivity solution to meet clients’ unique business needs and provide greater choice and flexibility for integration with their back end systems.
The new solution, called CitiConnect, provides connectivity solutions for both the Treasury & Trade Solutions (TTS) and Securities & Funds Services (SFS) product sets. The solution facilitates SWIFT and industry standard-based integration offerings with customer enterprise resource planning (ERP) and Treasury systems to exchange messages and files for all of its cash, trade, card, WorldLink payments and securities products and services. As customers aim to simplify their banking ecosystem this single multi-product connectivity platform enables Citi clients to access all of their GTS services via a single integration point, said a statement from Citi. CitiConnect is a complementary service to Citi’s CitiDirect platform, which offers GTS’ services through online and mobile media while CitiConnect offers connectivity via direct connections.
“From Commercial cards to Commercial paper (commercial paper is not a GTS product) clients are looking for seamless integration into their business processes and expect consistent delivery regardless of channel,” said Hubert JP Jolly, head of Citi’s TTS Channel and Enterprise Services. “CitiConnect has been designed specifically for that purpose and enables us to integrate with our clients quicker.”
“The creation of consistent, client-centric processes across our suite of products and services, is at the heart of how GTS does business. An enterprise wide channel that can bring all of our global GTS capabilities to our clients will make it even easier for them to do business with Citi,” said Atul Dubey, chief operating officer of Citi’s Securities and Funds Services.