Citi Awarded ‘Distinguished Provider’ of Global Transaction Services by FImetrix
New York - March 31, 2013 – Citi is pleased to announce that it has received the ‘Distinguished Provider’ designation by FImetrix, a leading market research firm for Financial Institutions. This designation, in its second year, recognizes leading performers in the Global Transaction Services landscape.
Gleaned from interviews with senior executives from nearly 650 banks across 97 countries and six regions, the Distinguished Provider designation is an important benchmark for transaction services. Bharat Sarpeshkar, Global Head of Correspondent Banking and Financial Institutions at Citi said, "We are very pleased to be awarded the ‘Distinguished Provider’ accolade two years running. This is important recognition from our clients on how we support their international correspondent banking needs."
David Burnett, CEO of FImetrix, notes that “Providers whose Global Satisfaction Score exceeded the average is bestowed the designation of “Distinguished Provider”, indicating that they have gone above and beyond the market standard in delivering services to their customers."
Citi’s Correspondent Banking Group offers cash management, trade finance and services, liquidity management, and securities services to financial institutions around the world. “Being a true partner is more than the provision of products and services; at Citi we have the unique value of our global network that spans 100 countries. By harnessing the knowledge and expertise of the individuals that make up Citi’s vast network, we are able to provide insights into doing business in more local markets than any other,” said Sarpeshkar.
Citi Treasury and Trade Solutions (TTS) enables our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 100 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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