Citi Singapore and NUS Business School revamp Transaction Banking course to mark 10 years of collaboration

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SINGAPORE, November 22, 2022 /PRNewswire/ — To meet the needs of the future economy, Citi Singapore’s Treasury and Trade Solutions (TTS) and National University of Singapore (NUS) Business School today announced the revamp of its 13-week Transaction Banking course from January 2023.

Citi Logo (PRNewsfoto/Citi)

Deven Somayaresponsible for the TTS for Singapore and ASEAN (Acting), said: “The world of payments is moving towards a real-time era, even in the cross-border space. Coupled with the evolution of emerging technologies and digital assets, which is pushing companies to rethink their payments and the collections ecosystem and the growing importance of sustainable finance solutions, we believe it is timely to rethink the course on the back of these enduring disruptive trends that are shaping the future economy. With the skills learned in this course , we are confident that students will walk better equipped to thrive in the financial sector when they start working.”

The revamped elective module teaches undergraduate students advanced topics on payments, cash management and trading. It covers contemporary content such as the changing landscape of transaction banking; the impact of emerging technologies and digital assets on payments and liquidity; and how environmental, social and governance (ESG) considerations and digitalization impact trade finance.

The Citi-NUS Business School Transaction Banking course was introduced in January 2013 to meet the demand for transaction bankers Singapore. It was during this time that global multinationals and Asian corporations increasingly established their regional headquarters in the country and strengthened their presence in the region. To date, over 1,000 students have taken the course, with an average of 50 students per semester.

Ted TeoAdjunct Assistant Professor at NUS Business School, said: “The Transaction Banking module provides students with fundamental knowledge of international payment systems, the latest developments in global payment infrastructure and their interaction with the fintech ecosystem. Students learn how business and finance services mitigate risk and free up working capital in global trades. With this foundational knowledge, students will be able to appreciate the complexity of managing liquidity and risk in treasury The partnership with Citi TTS is invaluable in keeping the module up to date with the latest transaction banking trends, technologies and solutions.”

Vanessa Tanwho took the Transaction Banking course as an undergraduate student at NUS and joined Citi TTS in 2020 as a Management Analyst, said, “The TTS-NUS Transaction Banking course gave me provided an in-depth understanding of the objectives of corporate cash management and the value of Beyond the conventional tools available to corporate treasurers, the course also introduced us to new era themes and demonstrated how fintech and digital innovations have emerged over the years to fill market gaps in the transaction banking space.the course, along with the valuable insights shared by the guest speakers, prepared me for my role as a TTS Analyst and allowed me to navigate the ever-changing landscape of my career.”

The Banking Transaction Module is an elective course held every semester at NUS Business School and aimed at penultimate and final year undergraduate students. Students are graded on their class participation, test performance, and the quality of their group projects. The elective gives students insight into the transaction banking profession and prepares them for an internship or career in transaction banking, corporate banking, commercial banking, and the fintech industry.

About Citi Treasury and Commerce Solutions

Citi Treasury and Trade Solutions (TTS) enables our clients’ success by providing an integrated suite of innovative and customized treasury management and trade finance services to multinational corporations, financial institutions and public sector organizations around the world. Built on the foundation of the industry’s largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry’s most comprehensive range of digital treasury, trade and liquidity management solutions.

About Citi

Citi is a premier banking partner for institutions with cross-border needs, a global leader in wealth management, and a popular personal bank in its home market of United States. Citi does business in more than 160 countries and jurisdictions, providing businesses, governments, investors, institutions and individuals with a wide range of financial products and services.

Additional information can be found at www.citigroup.com | Twitter: @Citi | Youtube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About national university of singapore (NEW)

The national university of singapore (NUS) is that of Singapore flagship university, which offers a holistic approach to education, research and entrepreneurship, with an emphasis on Asian perspectives and expertise. We have 16 colleges, faculties and schools spread over three campuses in Singapore, with more than 40,000 students from 100 countries who enrich our vibrant and diverse university community. We have also implemented our NUS Overseas Colleges program in over 15 cities around the world.

Our multidisciplinary and hands-on approach to education, research and entrepreneurship enables us to work closely with industry, government and academia to solve critical and complex issues related to Asia and the world. Researchers in our faculties, centers of research excellence, corporate laboratories and more than 30 university-level research institutes focus on themes that include energy; environmental and urban sustainability; disease treatment and prevention; active aging; advanced materials; risk management and resilience of financial systems; Asian studies; and Smart Nation capabilities such as artificial intelligence, data science, operations research and cybersecurity.

For more information about NUS, please visit www.nus.edu.sg.

About NUS Business School

The national university of singapore (NUS) Business School is known for providing thought leadership in management from an Asian perspective, enabling its students and business partners to leverage global knowledge and Asian perspectives.

The school has consistently received top rankings in the Asia Pacific region by independent publications and agencies, such as The Financial Times, Economist Intelligence Unit and QS Top MBA, in recognition of the quality of its programs, the research of its professors and its graduates.

The school is accredited by AACSB International (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System), endorsements that the school has met the highest standards in business education. The school is also a member of the Graduate Management Admission Council (GMAC), the Executive MBA Council, the Partnership in Management (PIM) and CEMS (Community of European Management Schools).

For more information, please visit bschool.nus.edu.sgor go to BIZ Beat portal that presents the School’s research.

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