Citi has joined forces with fintech CredAble to digitise trade finance controls and electronic invoice validation across its global markets.
The partnership will see Citi introduce real-time invoice assurance within its digital trade loan journeys, using a verification solution powered by CredAble.
The tool is designed to strengthen controls and improve transparency in global supply chains, particularly in areas of the trade lifecycle that remain heavily manual.
The platform validates invoices against government-backed digital public infrastructure, checking more than 10 data fields, such as invoice numbers, values, dates and transport information.
Citi said this would help reduce exceptions, improve audit readiness and limit post-disbursement risk for the bank’s clients.
The platform “reduces manual follow-ups and improves the quality of financed invoices, leading to faster and more predictable capital flows”, Citi and CredAble said.
The solution allows corporates and their suppliers “to experience a seamless, unified digital flow, from invoice submission to verification, with enhanced transparency and speed”, they added.
Citi’s head of Asia South and Indian subcontinent, trade and working capital solutions, Mayank Gupta, said: “As supply chains become more global and complex, digitisation is essential to deliver control and confidence at scale.
“The platform is designed to meet Citi’s rigorous standards, engineered to adapt seamlessly to evolving regulatory and client needs while ensuring a consistent and highly trustworthy user experience.
“This global tech partnership marks an important step toward advancing trade finance infrastructure and strengthening invoice-level transparency for enterprises worldwide.”
CredAble said the launch signalled how global banks were moving from retrospective audits to real-time, digital public infrastructure-led verification models to improve the speed and predictability of capital flows.
“This partnership goes beyond product innovation. It reflects our joint vision of making trade finance smarter, more secure, and aligned with the digital expectations of global businesses,” the fintech’s MD and co-founder, Ram Kewalramani, added.
