Citibank Wins Asian Regional Cash Mandate for AOL Time Warner
AOL Time Warner has awarded Citibank the regional mandate to provide cash management services to its subsidiaries across ten markets in Asia. The ten markets are China, Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand. Citibank will provide a range of cash management services to AOL Time Warner via CitiDirect® Online Banking, the Internet-based banking platform, along with a regional payables and receivables solution. Thirty AOL Time Warner entities across those ten markets will receive a tailored payables and receivables solution designed to improve efficiency in the finance process of each individual office.