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Citi Launches Single Event Processing Platform In North America
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Global Finance Magazine
Citi Investor Services rolled out Single Event Processing (SEP) technology, which promises real-time transaction processing and improved efficiency, in North America.
This platform, which was already unveiled in some European markets, enables real-time processing of all global asset-servicing transactions, with the majority of Citi’s custody flows expected to utilize SEP by 2026.
Amit Agarwal, Head of Custody, Citi Investor ServicesSEP unifies Citi’s global and direct custody infrastructure, seamlessly integrating its extensive network across more than 100 markets, including proprietary direct custody in over 63 markets, onto a single platform for clients.
“Whether it is a domestic or the global layer, SEP only requires one processing event,” says Amit Agarwal, Head of Custody, Citi Investor Services, highlighting SEP’s core advantage.
The technology is currently rolling out in North America and is slated for expansion across the rest of Citi’s custody network by 2026.