The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Treasury

Latin America's best bank for transaction services 2016: Citi

AfE 2016 logo-196 135

Results index 

The Latin American market is seeing a wave of change as banks withdraw or offload their businesses. In the transaction banking business, this is giving the remaining banks scope to reconsider their positions. Citi has decided to redouble its efforts in the region and the result is that Citi wins the award for the region’s best bank for transaction services.

Citi has taken a strategic approach to create greater alignment between payments and FX. Citi WorldLink launched a Brazilian real payment platform that enables local currencies to be paid directly into Brazil using straight-through processing. It has allowed the bank to reduce the reconciliation times on payments to and from over 120 currencies.

compass-coins-large.jpg

Responding to the difficult tax climate across the continent, Citi launched the Tax Presentment solution through its CitiDirect BE and CitiConnect for Files platforms. It has been adopted by 150 clients and now sees $119 million processed each month. The bank has also worked to address specific country needs.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree