LONDON--(BUSINESS WIRE)--Citi is delivering an updated online investments portal for money market funds (MMF), as the result of a partnership with Cachematrix, a software as a service Fintech firm focused on simplifying cash management.
The partnership will assist in driving innovation in money market fund management, as treasury professionals expect automation and simplicity around their investment decisions.
Mark Smith, Global Head of Liquidity Management Services, Treasury and Trade Solutions, Citi, commented: “The world is moving toward better technology, simpler design, and instant access to data and automated analytics. We have redesigned the end-to-end MMF user experience in our Citibank® Online Investment portal, to ensure that we are providing our clients with more data-rich fund research and analytics tools; new choices for automated sweep rebalancing; a simplified account structure; and enhanced usability with increased customization options.”
The new Online Investments MMF solution will allow treasury professionals to manage their MMF portfolio in a more streamlined manner. For both active and automated investments, clients will be able to leverage automated analytics tools to support their strategic decision-making and risk management processes, through the bank’s mobile banking solution, CitiDirect BE®.