CitiBank Case Study

Vizone were employed by Citibank to ASSURE and DELIVER a two-part programme involving the redesign of their Front Office FX trading systems and to deliver a new settlement system for Foreign Exchange.  Opening for business in New York in 1812, Citibank has been in the UK for over 100 years opening its first retail branch in 1995.  They now have 5 UK branches in London. Citibank offers a wide range of financial services and products and is the number one American bank providing global wholesale and retail Banking. By its size and trading volume, Citibank is also the number one in Foreign Exchange (FX) Trading and the first dollar liquidity provider of the world.  The programme for Citibank included the redesign of the Citibank Front Office FX trading systems including managing the implementation of changes, as well as the necessary business process changes required to support the new global Euro Trading positioning and trading.  This necessitated the simultaneous roll-out and integration testing of all systems and processes across the global sites.  

Vizone were retained by Citibank to:

• Take them into the new CLS system for Foreign Exchange. Working closely with front office, Settlements and Treasury.
• Re-design all the trading and settlement systems to support the revolutionary Global settlement system.
• Work across all the banking disciplines, to manage the implementation and necessary business process change to implement the systems and new business processes, including the design and implementation of a complete CLS settlement system in liaison with all the leading global exchange banks.

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