Citi Partners with Software Fintech to Launch Refreshed Digital Investment Portal
Best-In-Class Digital Investment Platform Delivers Upgraded Client Experience for Money Market Fund Portfolio Management
Citi is delivering an updated online investments portal for money market funds (MMF), as the result of a partnership with Cachematrix, a software as a service Fintech firm focused on simplifying cash management.
The partnership will assist in driving innovation in money market fund management, as treasury professionals expect automation and simplicity around their investment decisions.
Mark Smith, Global Head of Liquidity Management Services, Treasury and Trade Solutions, Citi, commented: “The world is moving toward better technology, simpler design, and instant access to data and automated analytics. We have redesigned the end-to-end MMF user experience in our Citibank Online Investment portal, to ensure that we are providing our clients with more data-rich fund research and analytics tools; new choices for automated sweep rebalancing; a simplified account structure; and enhanced usability with increased customization options.”
The new Online Investments MMF solution will allow treasury professionals to manage their MMF portfolio in a more streamlined manner. For both active and automated investments, clients will be able to leverage automated analytics tools to support their strategic decision-making and risk management processes, through the bank’s mobile banking solution, CitiDirect BE.
The global solution is designed to maximize ease of use, delivering a simplified, digital experience for clients to manage their money market fund portfolios. Across all aspects of the portal experience, the new solution creates an easier-to-use, more efficient offering for clients to manage their portfolio. Clients can now manage their portfolio in a more streamlined infrastructure, with increased visibility to counterparty exposures, more interactive tools, new alert options, greater customization to tailor how information is displayed, and a simplified approach to managing their accounts.
Dave Agostine, CEO, Cachematrix commented: “Cachematrix is excited to power Citi’s Online Investments portal with our best-in-class financial technology. As cash management has become increasingly in focus with corporate investors, it is important for financial institutions to provide innovative liquidity solutions that create ease in what has historically been a cumbersome process. We believe our partnership with Citi and revamp of the Online Investments portal will help to drive efficiencies for the client with a modern and simplified cash management experience.”