Citibank continues its reign over the best cash management house award, securing it for the fourth time in a row. The distinguishing point of Citibank is its true regional coverage and commitment to the region. Citibank operates a 13-country regional cash processing centre which handles approximately 18,000 cross border funds transfers amounting to $19 billion per day, with 99.99% accuracy for the region. By launching a number of new initiatives in perceived difficult countries such as China, Citibank has demonstrated a true commitment to the region this year.
In a country where stationery used for processing payments is still regulated by the central bank, Citibank managed to acquire 70 new mandates in China this...
