SINGAPORE, Nov. 22, 2022 /PRNewswire/ — To meet the demands of the upcoming overall economy, Citi Singapore’s Treasury and Trade Solutions (TTS) and the Nationwide University of Singapore’s (NUS) Organization Faculty today declared the revamp of its 13-7 days transaction banking program beginning January 2023.
Deven Somaya, Head of TTS for Singapore and ASEAN (Interim), said, “The globe of payments is relocating to an age of genuine time even in the cross-border house. Coupled with the evolution of emerging technologies and digital assets which is driving corporations to re-imagine their payments and collections ecosystem and the growing value of sustainable finance options, we come to feel it is opportune to redesign the study course on the back again of these lasting disruptive tendencies that are shaping the upcoming overall economy. With the skills obtained in this system, we are assured that students will wander away greater geared up to prosper in the fiscal sector when they get started get the job done.”
The revamped elective module teaches undergraduates superior subject areas in payments, liquidity management and trade. It addresses modern content these kinds of as the evolving transaction banking landscape the effect of emerging technologies and digital property on payments and liquidity and how Environmental, Social and Governance (ESG) criteria and digitization are impacting trade finance.
The Citi-NUS Business enterprise School transaction banking program was introduced in January 2013 to meet the demand for transaction bankers in Singapore. This was when world multinational and Asian businesses increasingly recognized their regional headquarters in the region and deepened their presence in the area. To date, extra than 1,000 college students have taken the class, with an common of 50 college students for each semester ingestion.
Ted Teo, Adjunct Assistant Professor at NUS Business School, explained, “The Transaction Banking module provides learners with a foundational understanding of the international payment techniques, the newest developments in the world-wide payment infrastructure and their interaction with the fintech ecosystem. Learners master how trade expert services and finance mitigate pitfalls and no cost up doing the job funds in international trades. With this elementary know-how, pupils will be in a position to respect the complexity of handling liquidity and hazards in corporate treasury. The partnership with Citi TTS is a must have in retaining the module up-to-date with the most recent developments, technologies and answers in transaction banking.”
Vanessa Tan, who took the transaction banking study course as an undergraduate at NUS and joined Citi TTS in 2020 as a Management Analyst, mentioned, “The TTS-NUS Transaction Banking training course provided me with a deep comprehension of the objectives of company treasury administration and the worth of transaction banking to businesses. Further than the traditional equipment out there for company treasurers, the system also released us to new-age themes and shown how fintech and electronic improvements have emerged in excess of the a long time to deal with marketplace gaps in the transaction banking room. This kind of ideas taught in the program, as well as beneficial insights shared by the visitor speakers, primed me for my job as a TTS Analyst and allowed me to navigate the ever-shifting landscape in my vocation.”
The transaction banking module is an elective performed every semester at NUS Small business College and focused at penultimate and final-12 months undergraduates. Learners are graded centered on class participation, test efficiency, and the excellent of their group initiatives. The elective offers pupils a preview of the transaction banking occupation and prepares them for an internship or a vocation in transaction banking, company banking, professional banking and the fintech market.
About Citi’s Treasury and Trade Remedies
Citi Treasury and Trade Remedies (TTS) allows our clients’ success by furnishing an integrated suite of progressive and tailored income management and trade finance providers to multinational organizations, money establishments and community sector organizations across the globe. Dependent on the foundation of the industry’s largest proprietary network with banking licenses in in excess of 90 international locations and globally integrated technologies platforms, TTS continues to lead the way in providing the industry’s most complete variety of digitally enabled treasury, trade and liquidity administration solutions.
About Citi
Citi is a preeminent banking associate for establishments with cross-border requires, a global chief in wealth administration and a valued individual bank in its home market place of the United States. Citi does organization in much more than 160 nations around the world and jurisdictions, giving businesses, governments, buyers, institutions and persons with a wide array of economic merchandise and providers.
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About Countrywide College of Singapore (NUS)
The Nationwide College of Singapore (NUS) is Singapore’s flagship college, which delivers a global strategy to education, study and entrepreneurship, with a emphasis on Asian perspectives and knowledge. We have 16 faculties, faculties and universities across a few campuses in Singapore, with extra than 40,000 college students from 100 nations around the world enriching our vivid and diverse campus group. We have also proven our NUS Abroad Schools programme in more than 15 metropolitan areas all over the entire world.
Our multidisciplinary and authentic-planet tactic to education, study and entrepreneurship allows us to work carefully with field, governments and academia to tackle critical and complex challenges suitable to Asia and the earth. Scientists in our schools, investigate centres of excellence, company labs and additional than 30 university-degree study institutes focus on themes that involve electricity environmental and city sustainability remedy and prevention of illnesses lively ageing advanced materials possibility management and resilience of economical devices Asian research and Good Nation capabilities these as artificial intelligence, details science, functions investigate and cybersecurity.
For additional info on NUS, please stop by www.nus.edu.sg.
About NUS Business School
The Nationwide College of Singapore (NUS) Company School is regarded for delivering administration considered management from an Asian perspective, enabling its college students and corporate partners to leverage world-wide awareness and Asian insights.
The school has persistently acquired best rankings in the Asia-Pacific location by independent publications and businesses, these as The Money Instances, Economist Intelligence Unit, and QS Leading MBA, in recognition of the good quality of its programmes, faculty investigation and graduates.
The university is accredited by AACSB Intercontinental (Affiliation to Advance Collegiate Educational facilities of Company) and EQUIS (European Quality Advancement Method), endorsements that the college has achieved the maximum specifications for business enterprise training. The college is also a member of the Graduate Administration Admission Council (GMAC), Executive MBA Council, Partnership in Management (PIM) and CEMS (Local community of European Management Educational facilities).
For much more data, remember to visit bschool.nus.edu.sg, or go to the BIZBeat portal, which showcases the School’s research.
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