15 December 2017
visit www.avoka.com

Citigroup creates global data repository for commercial card clients

14 April 2003  |  4438 views  |  0 Citigroup creates global data repository for commercial card clients

Citigroup's Global Transaction Services business has created a global data repository that consolidates and normalises data from merchants and provides commercial card clients with up-to-the-minute insight into corporate spending patterns.

The Citibank Global Data Repository currently consolidates data for reporting and file delivery from 20 countries, with a total of 30 countries projected by year-end. The repository incorporates enhanced, line-item detail, as well as data from sources such as human resources and account administration. The data is provided back to the client via file delivery and can be integrated with a range of financial systems.

Previously data was consolidated at country level and was not available globally without extensive data re-keying and file manipulation. Citigroup says the global repository is aimed at firms that have staff in more than one country and who pay for travel or make purchases using a commercial card. The receipt of transaction data from more than 29 million MasterCard and/or Visa merchants, consolidated with enhanced data, will allow firms to negotiate with merchants.

Gary Schneider, global business manager, Citibank commercial cards, says: "Clients can use this information to not only evaluate spend patterns, but also enforce policy and negotiate global deals with vendors from an informed, knowledgeable position by using our ad hoc reporting tool to quickly access and mine the data."

Citibank says its commercial cards business is due to expand its programme management and reporting tools globally via standard and ad hoc reporting, online statements, invoices and analytical processing, file delivery and expense reporting for employees.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bank of Kaohsiung selects Citibank for CLS settlement

Bank of Kaohsiung selects Citibank for CLS settlement

26 February 2003  |  3076 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.solutions.lexisnexis.comvisit www.atos.net

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10343 views comments | 17 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9657 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9088 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7669 views comments | 20 tweets | 11 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
7289 views comments | 15 tweets | 24 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job