(10 June 2024 – Hong Kong) Citi has announced the launch of Citi Real-Time Funding (RTF) as the latest feature of its real-time treasury suite for corporate clients in Hong Kong.
Citi RTF is now available in Hong Kong in addition to Australian and British markets, with plans for expansion to additional markets in H2 2024. Citi RTF facilitates the automated transfer of funds between cross-border accounts based on predefined rules set by the client, ensuring cash availability when and where it is needed.
Citi RTF is a unique offering that helps corporate treasurers optimise liquidity and make funding decisions with real-time data, while also automating traditionally manual processes for 24/7 account monitoring and complex cash forecasting. This solution is particularly beneficial for companies with a lean treasury team or a centralised liquidity structure, enhancing treasury efficiency and performance.
“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. 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 Multibanking, On-Demand Sweeps, and Real-Time Liquidity Sharing that are powering our clients’ journeys to real-time liquidity management” commented Citi Global Head of Liquidity Management Services, Stephen Randall.