This week, Citibank’s Global Corporate & Investment Bank introduced its Cash Management Solutions products, which include the Speed Collect and Smart Account. The former affords easy reconciliation of deposits with invoices or purchase orders and real time online access to collections via the Web. Smart Account is a treasury management tool providing automatic investment and the benefits of reduced overdraft interest expense along with the ability to track expenses by activity or project. The bank’s Electronic Banking Payment Products provide a secure way to make in-country disbursements to suppliers, vendors, shareholders, other companies and individuals.
Jamal Hussein, the Bank’s Country Corporate Business Head, pointed out that Citibank’s mission is *”to innovate our products and services to provide strategic support to our clients’ growth.”*