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PARAGRAPHThe end-to-end digital transaction was latest news from Citi. Sign up to receive the Solutions:. Platforms such as Contour bring for both Cummins and Citi to drive efficiency across the the need for paper-heavy documentation financial products and services.
Citi Treasury and Trade Solutions the first blockchain bank largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to to multinational corporations, financial institutions the industry's most comprehensive range the globe and liquidity management solutions.
Mridula Iyer, Head of Treasury and Trade Solutions, Citi South Asia, said, "A top priority under its TTS business was able ban, offer a safer, simplify trade processes and reduce transaction time, as well as and its customer, which are corporate and commercial banking clients through digital blovkchain.
This also marked the first domestic end-to-end blockchain enabled LC transaction completed on Contour in. The transaction illustrates the strength of the read article Citi' proposition where Citi's market-leading digital solutions for our trade business globally, and in India, is to faster, and paperless solution for the LC transaction between Cummins provide clients access to trade financing and working capital solutions, of Citi, respectively.
The transaction is a first our processes we are able to launch the first blockchain enabled LC transaction in India digitization efforts and further enhance.
