Citi’s treasury and trade goes digital with eSubmit
Citi Treasury and Trade Solutions has launched electronic document submission (eSubmit) for account opening.
The service is available in “select” Western European countries and allows clients to complete the account opening process by returning electronic versions of documentation rather than paper.
Sabine McIntosh, global head of account services product, Citi Treasury and Trade Solutions, says clients using eSubmit can be “more efficient in managing their bank account management requirements”.
The new offering, to be rolled-out in phases to countries including Denmark, Finland, Norway, Sweden, Ireland, France and the UK, aims to speed-up the overall process of onboarding. It was previously made available to pilot clients in the US and Canada.
In the Citi
In a recent deal, Citi is to offer direct custody and clearing (DCC) services to clients in Denmark from the fourth quarter of this year. The new offering will expand Citi’s proprietary DCC network to 63 markets globally and 36 markets across EMEA.
Wirecard also reached a definitive agreement to acquire Citi Prepaid Card Services – giving it an expansion into North America. The firm says Citi Prepaid card services have launched over 2,500 client programmes, associated with global companies and brands, but primarily in North America.