Citibank works on digitalisation, innovation for institutional clients

Citibank endeavours continuously on digitalisation, innovation and replication of global best practices in the local banking industry, said Md Moinul Huq, Citi country officer, Bangladesh.

Huq made the comment at a roundtable hosted by Citibank, NA Bangladesh on trade and payment digitisation titled "Resilience and Transformation in Turbulent Times" held at The Westin Dhaka recently with participation from regulators, local corporates and global subsidiaries.

As the leading global bank, Citi has been leading the dialogue on transformation and resilience through technology-based innovation and systemic improvements in the financial ecosystem, said a press release.

Themes, including evolution of digital payments, current e-commerce landscape, future of trade, and Global Economic Outlook were also covered in the discussions.

Among the keynote speakers, senior representatives from the government a2i Programme and regulators from central bank, highlighted Bangladesh government's vision of digitisation and social inclusion, and their assent to collaborate with Citi on developing solutions.

The event also showcased some of Citi's new and innovative products, which simplify and improve payment processing and supply chain resilience for clients with Citi supply chain financing.

Speakers from industry players, including Lightcastle Partners and Daraz Bangladesh, also spoke on the future of business operations backed by data and artificial intelligence.