Shah will step down from the Swift board of directors after 16 years as chair, but will continue as managing director in Citi’s institutional clients group
This solution aims to deliver speed and transparency to payments of up to US$10,000, enabling users to send USD, GBP and EUR payments cross-border with a breakdown of how much it will cost them in deductions before they execute
Based in Switzerland, Kech will be responsible for the digital securities business including sales and relationship management, product development, business design and ecosystem expansion
The collaboration follows Adaptive’s acquisition of low-latency trading technology provider Real Logic earlier this year, which provided the company with message transport and service container solutions through Real Logic’s Aeron suite
The comments came from a panel entitled ‘Tackling the root of securities settlement fails’, with participants trying to establish the cause of dropped global settlement efficiency rates
This service is designed to enable Citi’s financial institution customers to make USD payments 24 hours per day, 7 days per week including public holidays