Citi wins ABSG cash mandate

The regional cash management mandate involves electronic banking, ERP integration, real-time account reporting, and centralised cross-border and domestic payments processing.

Citi has been awarded a regional cash management mandate by ABSG Consulting, a subsidiary of The American Bureau of Shipping Group. The mandate sees Citi take on the mantle as primary cash management bank for all ABS group companies in Asia.

Citi's regional cash management offering includes electronic banking, ERP integration, real-time account reporting, centralised cross-border and domestic payments processing for all countries into Singapore.

The bank says its appointment will enable ABS to further streamline its banking processes and...

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