September 3, 2013
Citi’s Commercial Banking clients in Hungary can now quickly and easily monitor financial and liquidity related information on up to 300 of their partner companies on the free online Citi-Opten PartnerWatch Service.
Aftab Ahmed, Citi Country Officer for Hungary said, “In today’s rapidly changing market environment, companies increasingly need reliable information about their business partners. Our aim with designing this innovative service is to help our clients get that information in a fast and easy to manage way.”
“We know from experience that delinquent customers may seriously impact the liquidity of our clients and any continuity issues with a vendor or supplier can pose risks on their ability to transact business. With this new service we are supporting our clients in accessing up-to-date background information of their business partners that can help them avoid establishing or maintaining a potentially high risk business relationship, or make timely decisions to address the challenges,” added Istvan Szabo, Head of Citi Commercial Bank in Hungary.
Clients using the free PartnerWatch service have access to information on a single online platform for up to 300 of their business partners – customers and vendors performing transactions linked to their Citi account – from the perspective of any possible legal proceedings taken against them, including: