Citigroup Partners with Taskize to Ease Operational Workflow
25/11 07:13
Citigroup (C) has entered into a strategic deal with Taskize Limited under which custody clients of Citi Securities Services will leverage Taskize’s query management platform to establish a direct connection with their Citi Operations counterparts.
According to the investment bank, this partnership combines Taskize’s structured workflow capabilities with Citigroup’s proprietary custody network, which covers over 60 markets. Markedly, operational workflow challenges will be catered through the network created between Citigroup, its counterparts and various market infrastructures.
Deal Synergies
Citigroup’s custody clients will now use Taskize’s user interface to directly contact their operational counterparts for their queries and have quick resolutions.
Through this agreement, Citigroup provides innovative solutions to clients with low risks. The Taskize platform streamlines costly counterparty workflows across buy-sides, sell-sides, custodians, market infrastructures and FinTech providers, without risking data sovereignty, the company said in a release....