Miami, Fla. – Citi Latin America has won 10 awards in Global Finance's 2021 Best Trade Finance Provider and Best Treasury & Cash Management Banks and Providers awards. The awards recognize Citi's treasury and trade services and include "Outstanding Achievement in Treasury Operations During the COVID Pandemic in Latin America," a new award created in response to the impact the COVID-19 pandemic has had on the sector.
Citi was also named "Best Trade Finance Bank in Latin America," "Best Trade Finance Bank in Argentina," "Best Bank for Liquidity Management in Latin America," "Best Provider of Short-Term Investments/Money Markets Funds;" and "Best Overall Bank for Cash Management" in Bahamas, Colombia, Costa Rica, Mexico and Puerto Rico.
Additionally, at a global level, Citi won "Best Global Bank for Liquidity Management," "Best Global Bank for Financial Institutions," and "Best Global Cash Pooling Solution."
"We have continued making strategic investments to digitize our solutions and streamline access to our clients, that includes investments into our digital platform, CitiDirect BE®, which has been essential to expand our solutions and services in Latin America," said Steve Donovan, Citi Latin America Treasury and Trade Solutions Head. "Three years ago, we set ourselves the challenge to become Latin America's digital bank by the end of 2020. This meant not simply digitizing the way that clients interact with us at the front end, but end-to-end, across the entire bank. This digital investment has been critical to supporting our clients effectively during both good and bad times."
The editorial review board of Global Finance selected the best banks and providers based on entries, a multi-tiered assessment process, as well as input from industry analysts, corporate executives, and technology.
Citi's long-term vision and significant investments in technology that have supported clients to pursue growth and competitive advantage have also helped them to adapt their business rapidly in response to the COVID-19 widespread across the world. In the last year, the use of Citi's digital connectivity solutions in Latin America grew by 47%.
Citi was named the World's Best Digital Corporate/Institutional Bank in Latin America by Global Finance in 2020. Citi also won 24 additional awards in the region, including awards for its digital trade finance services.
List of Awards
The Global Finance awards referenced in this press release are the following:
The World's Best Trade Finance Providers 2021
The World's Best Treasury & Cash Management Banks and Providers 2021
For more information about CitiDirect BE® visit here.
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 90 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.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.
Alexandra Ravinet, Alexandra.email@example.com