The Asian Banker

Citi launches payments risk management tool for corporate clients
Oct 29, 2013

Hong Kong, October 24th 2013 - Citi Treasury and Trade Solutions (TTS), a division of the Institutional Clients Group, announced the launch of Citi® Payments Risk Manager earlier today. This new functionality gives clients enhanced visibility and control over their payment flows by providing aggregated payments data, reporting and trend detection capabilities to facilitate the clients’ investigation of potential outlier transactions. With the release of this latest analytical tool, Citi further distinguishes itself from its competitors by providing an innovative account payables risk management solution available through the award-winning CitiDirect BESM platform.

Citi Payments Risk Manager aggregates payments data across countries, currencies, payment methods and beneficiaries to derive the client’s normal patterns of payment activity and highlight transactions that fall outside of those trends. It presents the data it collects in a user-friendly, configurable dashboard easily accessible from the CitiDirect BE portal. In addition to the highlevel dashboard, Citi Payments Risk Manager provides a convenient drilldown data view and customizable reports, allowing the user to interact with their data easily and efficiently.

“In today’s business environment, corporations with large, multinational transaction flows, particularly those with shared service centers or BPO units, need improved visibility into their accounts payable processes in order to effectively mitigate risk. Citi Payments Risk Manager is the ideal solution for clients looking for efficient payment trend and outlier detection capabilities.” stated Ebru Pakcan, Global Head of Payments and Receivables at Citi.

With the increasing use of electronic payments, the type of client-driven payment flow monitoring provided by Citi Payments Risk Manager is a critical asset to any large corporation with a high level of payment activity. Payments Risk Manager adds to Citi’s existing suite of risk mitigation solutions like positive pay in Asia and centralized payment profile management, ACH debit blocks/filters, match pay/ reverse match pay in North America.

This solution provides the visibility and control needed to operate efficiently in today’s fast-paced business environment. Citi Payments Risk Manager was first piloted in India followed by a launch in select Asian countries and North America with plans to expand globally.


Re-disseminated by The Asian Banker

Categories: Technology & Operations
Keywords: Citi TTS

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