Equals Group seeks efficiencies in new partnership with Citi
Equals Group
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16:55 19/04/24
E-banking and international payments company Equals Group has entered into a global relationship with Citi Commercial Bank, it announced on Thursday.
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17:09 19/04/24
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The AIM-traded firm said it would leverage Citi's “extensive” global footprint to enhance its current product offering, and bring more efficiencies to its current processes.
It said Citi had local settlement and clearance capabilities for payments in more than 90 countries, which would improve the customer experience through faster settlement and bring improved economics for Equals in terms of reduced transaction costs.
The partnership would also increase the number of currencies Equals was able to offer clients, with more than 135 being available on Citi's ‘WorldLink’ platform.
“We are delighted to have partnered with a global banking brand like Citi,” said Equals Group chief commercial officer James Hickman.
“This demonstrates our desire for innovation and commitment to providing best in class services to our clients.
“Partnering with Citi not only allows us to offer local clearing and settlement across the globe, but their WorldLink platform also has many other exciting pieces of functionality which will create efficiencies for the group and our clients.”