Citi Investor Services, which delivers the top and integrated platform after Citi’s marketing, has made an important step in the progress of real -time assets with the launch of an event processing technology (SEP).
The bank expects that the majority of its custody flows will be processed using SEP by 2026.
The SEP integrates the global and immediate infrastructure of Citi, so that any asset service transaction is processed in real time through a single and smooth flow. The new technology provides Citi’s custody network with over 100 markets, including the privately owned network of direct custody of 63 markets, on a single platform to its customers.
Chris Cox, head of investor services in Citi, said:
“We redefine the future of custody in a way that differs from Citi, as we increase the delivery of our top world network to bring new and unique benefits to our customers for our wider platform of services, we can now offer real -time cash, liquidity and service.
Moving real -time to asset service, an area often associated with manual, fragmented and slow processes, allows customers to make timely, smarter and better decisions on the rear of increased efficiency and reduced delays. They have faster access to capital and benefit from improved accuracy, as Citi eliminates overlap, handles and reconciliation delays.
“His future after trade is instant.” We are investing to transform our infrastructure, modernize our applications and simplify our processes for a better customer experience, as markets continue to evolve and new types of assets are coming to the fore. “
Since the release of SEP, the creation of events lasts minutes compared to the hours. Payments are processed in less than five minutes, bringing customers closer to the local market with real -time processing. Technology also allows a move to the closer, including teaching deadlines on the same day.
The SEP is moving from timely adoption worldwide, after being first introduced into selected European markets and with international central securities (ICSD). Technology is currently circulating in North America and will extend to the rest of Citi’s custody by 2026.