Citizens Bank has launched a digital platform designed for its industrial banking purchasers.
Citizens Treasury Intelligence consists of “multi-bank cash visibility, analytics, forecasting and workflow tools” designed to assist clients handle liquidity, the financial institution mentioned in a Monday (Nov. 9) news release.
“The platform shows where a client’s cash is today and forecasts where it is going, providing a consolidated view of cash across all of a client’s banking relationships,” the discharge added.
Citizens mentioned a primary model of the platform will likely be obtainable without charge to eligible purchasers of the financial institution’s accessOPTIMA® info reporting platform, with paid tiers obtainable for patrons with deeper treasury wants.
“Treasury teams are managing more information across more banking relationships, and too much of that work happens manually,” mentioned Mike Cummins, Citizens’ government vice chairman, and head of treasury and wholesale funds. “Citizens Treasury Intelligence is designed to give clients a seamless view of their cash and help them make better, faster liquidity decisions without adding another standalone platform to manage.”
The launch famous that many organizations proceed to run their treasury operations with a mixture of portals and spreadsheets, bringing friction to selections that depend on well timed info.
Citizens Treasury Intelligence, the financial institution added, “supports automated aggregation and categorization of data across multiple banks, helping treasury teams analyze cash flow trends, forecast liquidity more efficiently and move faster when business conditions change.”
In different treasury administration information, PYMNTS wrote lately in regards to the “uncomfortable reality” going through company treasury in the case of synthetic intelligence (AI).
“Almost every firm has it, but relatively few companies can demonstrate that it is making them financially better off,” that report mentioned.
Findings within the latest 2026 edition of the Working Capital Index from PYMNTS Intelligence present that 97% of the lowest-performing middle-market corporations use AI in treasury, kind of matching the 100% adoption fee amongst main performers. Yet each teams function with markedly totally different ranges of monetary effectivity.
Top performers report money conversion cycles of 39 days on common, versus 63 days among the many lowest-performing corporations. Around 70% of the strongest corporations report predictable financing wants, in comparison with simply 3% of laggards.
This suggests “that the next competitive divide in corporate treasury may not be between companies that have adopted artificial intelligence and those that have not,” the report added. “It may be between companies that use AI to understand their cash positions and those that can translate that technology into financial decisions.”
