Citigroup Announces Enhancements To CitiDirect Online Banking

The latest release of CitiDirect Online Banking has gone live for client use and features a number of enhancements, according to Citigroup Global Transaction Services. These include a web-based corporate banking and information delivery platform and extended functionality. The release also provides clients with the ability to make payments in eleven additional countries and collections in five other new countries. Corporate clients and financial institutions can use CitiDirect Online Banking to initiate payment and trade transactions, as well as access netting, collections, liquidity management and multibank cash concentration services. CitiDirect also supports WorldLink Multicurrency Transaction Services and Citibank CLS Settlement Services, and enables users to generate or track insurance letters of credit.

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