Citi added to its treasury product portfolio this week with the launch of Citi Real-Time Funding to help business clients keep up with liquidity needs through automation.  

“Our clients’ businesses are changing,” Ambrish Bansal, global head of liquidity and cash concentration products of Citi Services, told Bank Automation News, noting that clients are moving toward more of an e-commerce presence with real-time payments and real-time transactions at the forefront.

With real-time payments and real-time transactions as a focus, real-time liquidity management helps complete the instant payments transformation, he said. 

Built in-house, the Citi Real-Time Funding tool is designed to help corporate treasurers optimize liquidity needs of their organizations, Bansal said.  

Citi “Real-Time Funding works by mobilizing cash automatically between accounts based on the directions set by the client,” Stephen Randall, global head of liquidity at Citi Services, said June 18 at Citi Investor Day 2024. The tool allows treasurers to “release payments in real-time, domestically and across borders.” 

The tool triggers the automated movement of funds on a 24/7 basis from centralized treasury accounts based on cash needs, Bansal said. 

Citi Real-Time Funding is available in Australia, Hong Kong and the United Kingdom, he said. 

The product will expand to new markets this year, Randall said.  

With innovation and client need in mind, the team is “already proactively building the rails for what’s next in real-time liquidity management,” he added. 

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