Citi has launched Custody+, a suite of near- and real-time solutions to meet always-on industry demand. The announcement comes as the bank completes the U.S. rollout of its patented Single Event Processing (SEP) technology, a milestone in the transformation of its custody infrastructure. Custody+ will process every asset servicing transaction through a single seamless flow across Citi’s global and domestic custody infrastructure using SEP technology. The U.S. rollout has reduced processing times for voluntary corporate actions by up to 92pct, with 96pct of all U.S. voluntary events now processed in under two hours. Over 80pct of Citi’s total event volume is now processed in real-time.
