Citigroup Inc. (NYSE:C) is one of the most undervalued stocks to buy and hold for 5 years. On October 1, Citi Investor Services, the provider of the bank’s post-trade platform, announced a major advancement in real-time asset servicing with the launch of its Single Event Processing/SEP technology. Citi anticipates that the majority of its custody flows will be processed using SEP by 2026.
The SEP technology unifies Citi’s global and direct custody infrastructure, allowing every asset servicing transaction to be processed in real-time through a single, seamless flow. The integration effectively delivers Citi’s custody network of over 100 markets, including its proprietary direct custody network of over 63 markets, to clients on a single platform.
Citi Investor Services Launches Single Event Processing for Real-Time Asset Servicing
The shift to real-time processing helps clients move away from the typically manual, fragmented, and slow processes associated with asset servicing. Since the launch of SEP, event creation now takes minutes instead of hours, and payments are being processed in less than five minutes, bringing clients closer to the local market.
Citigroup Inc. (NYSE:C) is a diversified financial services holding company that provides various financial products and services to consumers, corporations, governments, and institutions.
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Disclosure: None. This article is originally published at Insider Monkey.
[SRC] https://finance.yahoo.com/news/citi-investor-services-launches-single-093304636.html
