Citi Treasury and Trade Solutions, a division of Global Transaction Services, has launched the first phase of its Electronic Statements migration in Asia Pacific. The phased launch of Electronic Statements in Asia Pacific is expected to eliminate mailed statements, create expanded processing efficiencies and provide security for clients in this region.
Citi has said that following migration to Electronic Statements, clients will be sent account statements in secure email form and/or via CitiDirect Online Banking, its online banking platform. Additionally, this solution is also expected to reduce time-consuming reconciliation processing of manual statements issued.
Ivo Distelbrink, managing director, region head of Treasury and Trade Solutions, Asia Pacific and Japan, Citi, said: “An important responsibility of the financial services industry is to commit itself to lowering its carbon footprint; this is an initiative I take very seriously in our business. By launching Electronic Statements in Asia Pacific, we reduce expenses relating to printing and warehousing data, enhance client efficiency and save paper and trees. We will continue to embrace sustainable business programs, for ourselves and for our clients.”
Damian Macinante, vice president, region head of Information Systems, Client Delivery, Asia Pacific, and Citi, said: “Citi has again demonstrated its commitment in providing the most innovative, efficient and secure solutions for our diverse client base. The launch of Electronic Statements will help our clients in the region realize new efficiencies, backed by the security of the leading web-based portal in the market.”
