Money

Citi is deploying robots to help the world's biggest companies collect cash from customers - boosting a key $8.5 billion business for the bank

7 monthes ago   |   By

Jae C. Hong/AP
Citi is partnering with fintech company HighRadius to automate a key money-collection process for businesses.
The companies have launched Citi Smart Match, which applies artificial intelligence and machine learning to the process of matching open invoices to received payments - painstaking and costly task known as "cash application."
The new feature enhances Citi's crucial and highly lucrative Treasury and Trade Solutions business , which provides daily financing and cash management services thousands of multinational corporations in nearly 100 countries.
Citigroup is...
Read more ...

 


Search by Tags

   Money      Customs      Business      Custom      City      Corporate      Citi      HighRadius      Banking      C  


Experience the magical ambience of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

Experience the magical ambiance of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

Experience the magical ambiance of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

Everything to know about the Florida spa at the center of the Robert Kraft...

Everything to know about the Florida spa at the center of the Robert Kraft sex scandal

Joe Raedle/Getty Images A day spa in Florida has become the center of a massive prostitution and human trafficking bust involving multiple spas and massage parlors. Orchids of... Read more ...

Look How Disgusting Your iPhone's Lightning Port Probably Is

Look How Disgusting Your iPhone's Lightning Port Probably Is

Around six months ago, I really started dreading the sense that I would have to buy a new phone soon. The iPhone 7 I've had in my pocket and hand for the last three years was... Read more ...

The 2020 Volvo XC90 Looks Basically the Same But Adds Kinetic Energy...

The 2020 Volvo XC90 Looks Basically the Same But Adds Kinetic Energy Recovery Like an F1 Car

The 2020 Volvo XC90 has been updated with new safety features, Android Auto, a new wool blend interior option, a new mild-hybrid trim level, and apparently refreshed looks... Read more ...

How Do I Get the Best Deal on a Car That's Not Even Out Yet?

How Do I Get the Best Deal on a Car That's Not Even Out Yet?

As Jalopnik's resident car buying expert and professional car shopper, I get emails. Lots of emails. I've decided to pick a few questions and try to help out. This week we are... Read more ...

World Bank boost Ghana tourism with $40 million grant

World Bank boost Ghana tourism with $40 million grant

The President Nana Addo Danquah Akufo-Addo has announced that the World Bank has approved a $40 million grant to support the Ministry of Tourism and Creative Arts and its... Read more ...

Tourism Ireland adds more global attractions to St. Paddy's Day Celebration

Tourism Ireland adds more global attractions to St. Paddy's Day Celebration

Tourism Ireland declared several new landmarks that will be going green as part of the organisation's Global Greening for St. Patrick's Day. Read more ...

Developer announces hotel-convention center in south Cheyenne

Developer announces hotel-convention center in south Cheyenne

A Wyoming developer announced Friday his plans to build a 70,000-square-foot, $55 million hotel and convention center in south Cheyenne. Read more ...

World Bank boost Ghana tourism with $40 million grant

World Bank boost Ghana tourism with $40 million grant

The President Nana Addo Danquah Akufo-Addo has announced that the World Bank has approved a $40 million grant to support the Ministry of Tourism and Creative Arts and its... Read more ...

Tourism Ireland adds more global attractions to St. Paddy's Day Celebration

Tourism Ireland adds more global attractions to St. Paddy's Day Celebration

Tourism Ireland declared several new landmarks that will be going green as part of the organisations Global Greening for St. Patrick's Day. St. Paddy's Day is going to take... Read more ...

Developer announces hotel-convention center in south Cheyenne

Developer announces hotel-convention center in south Cheyenne

A Wyoming developer announced Friday his plans to build a 70,000-square-foot, $55 million hotel and convention center in south Cheyenne. The project will be the largest in... Read more ...