Citigroup's Citi Digital Bill to Speed Up Receivable's Monetization

Citigroup Inc. (C) launched a new integrated digital bill discounting solution, Citi Digital Bill (CDB), to modernize long-standing trade finance practices. By eliminating the need for physical documents, couriers and paper handling across various global parties, CDB significantly simplifies the process. This new platform offers sellers a faster and transparent way to manage receivables, which reduces the time needed to monetize receivables from days to under an hour. Currently, CDB is available to clients ...