Citi® Payment Analytics Wins Celent Model Bank Award for Product Development

NEW YORK–(BUSINESS WIRE)– Citi® Payment Analytics offering has won a Celent Model Bank award for Product Development. The award, which seeks to answer the question “What would it look like for a bank to do everything right with today’s technology?” is awarded annually as recognition of a bank’s effective use of technology to improve performance and meet market demands.

In May 2012, Citibank launched the Citi Payment Analytics tool available through CitiDirect BE^SM, Citi’s market leading online banking platform, providing clients with a consolidated view of their payments data via scorecards and easy-to-read graphics enabling them to strategically manage payments activities across multiple payment types, currencies, channels and geographies. The Payment Analytics tool helps empower clients with the knowledge they need to better manage their payments by providing:

• Comprehensive views of all payment transactions processed by Citi
• Interactive dashboards and drill down reports allowing clients to see transactions across payment types, submission channels and geographies
• Consolidated client data view including payment trends, breakdowns by payment type, reject/repair/returns, countries and currencies, as well as transaction level details
• Data transparency to allow clients to better understand and improve operational efficiency relating to their payment activities, and help make sound working capital decisions.

With faster access to relevant and actionable information, clients are able to monitor their cash outflows, execute more strategic financial planning and, as a result, optimize their working capital.

“The Citi Payment Analytics tool represents a truly global solution that provides clients with a consolidated view of all their payments across payment types, currencies, channels and geographies,” said Ebru Pakcan, Global Head of Payments. “This tool continues to deliver value to our customers as a solution that helps transform payments data into actionable business intelligence. This award demonstrates Citi’s strength in the market place and dedication to continuous innovation.”

“We are very pleased that Payment Analytics on the CitiDirect BEplatform has received a Celent Model Bank award for Product Development,” said Naveed Sultan Global Head of Citi’s Treasury and Trade Solutions. “In …read more

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