Citi has launched a new client reporting solution as the latest enhancement to its middle office services. The new reporting service is built on the Vermilion Reporting Suite, a global client reporting platform, coupled with Citi’s own Clarity data and analytics platform. The new reporting service offers asset manager clients a low-touch, automated solution for configuring, formatting and scheduling customised investment accounting and performance reports. The underlying raw data can be from multiple sources, across multiple formats, and can be captured in Citi’s data lake for interrogation and detailed drill-downs.
Citi’s anchor client for the new client reporting solution is Standard Life Aberdeen. Mike Tumilty, global chief operating officer at Standard Life Aberdeen, said: “We chose Citi as our middle office services provider because of their willingness to co-create a solution that would meet our needs of today, and that would scale for our needs of tomorrow. This upgrade to client reporting is an enhancement to an important touchpoint in our clients’ experience and another way in which Citi helps us to innovate and grow.”