Citi Also Honored with Multiple Regional and Sub-category Awards
NEW YORK, November 23, 2021–(BUSINESS WIRE)–Citi has been named the World’s Best Digital Bank by Global Finance magazine for the 20th consecutive year.
"Over the last year, our digital capabilities have given us the necessary resilience to support our customers through disruptive changes both in their business models — and in our industry. As we help our clients adapt to these new conditions, we are proud to be recognized as their best provider of innovative digital solutions and services, helping them on their digital transformation journey," said Shahmir Khaliq, Global Head of Treasury and Trade Solutions, Citi.
Commenting on this year's awards, Joseph Giarraputo, President and Publisher at Global Finance, said, "Incubating talent and ideas at global Innovation Labs enables Citi to provide its clients with resilient cash management solutions that are both agile and scalable, while an impressive catalogue of APIs allows treasuries to choose the solutions they require and integrations that suit their daily treasury management processes."
"This award is a true testament to Citi’s efforts in driving innovation and improving the client experience as we continue to invest in our award-winning omni-channel delivery platforms such as CitiDirect® and CitiConnect®," said Naveed Anwar, Global Head of TTS Digital with Citi's Treasury and Trade Solutions. "Knowing our customers and understanding their needs is essential to providing a personalized experience, high quality service as needed, which will better serve our clients today and pave the road for future needs."
Citi’s institutional digital solutions have experienced high growth in usage over the last year. Highlights include:
– CitiDirect users growing over 12% annually
– Mobile users up by 19% annually
– High rates of digital account opening — over 125% from the previous year.
– Unprecedented growth in API usage –163% growth annually
– Instant Payments Transaction Volume – over 97% annually
Citi was selected from more than 300 entries globally that were evaluated by a world-class panel of industry experts against criteria that included: strength of strategy for attracting and servicing digital customers, success in getting clients to use digital offerings, growth of digital customers, breadth of product offerings, evidence of tangible benefits gained from digital initiatives, and web/mobile site design and functionality.
In addition to being recognized as the World’s Best Digital Bank, Citi received the top honor in multiple global and regional categories including:
Global Awards – Overall Winner:
Best Corporate/Institutional Digital Bank
Corporate/Institutional Global Awards:
Best Online Cash Management Services
Best Online Treasury Services
Best Integrated Corporate Banking Site
Best Mobile Banking Adaptive Site
Most Innovative Digital Bank
Best Open Banking APIs
Corporate/Institutional Regional Awards:
Best Digital Bank in Africa
Best Digital Bank in Asia-Pacific
Best Digital Bank in Latin America
Best Digital Bank in Middle East
Best Digital Bank in North America
Best Digital Bank in Western Europe
Citi’s Treasury and Trade Solutions (TTS) enables our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based 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 digitally enabled treasury, trade and liquidity management solutions.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
View source version on businesswire.com: https://www.businesswire.com/news/home/20211123005452/en/
Media: Nina Das
Email: [email protected]
Financial institutions will continue to expand their presence in the digital asset space as more investors seek exposure to the market.
LONDON (Reuters) -JPMorgan Chase has once again been named the world's most important bank to the health of the wider financial system, according to the latest annual ranking of top lenders by global regulators. The Financial Stability Board (FSB), made up of regulators from G20 countries, published its latest table of the world's 30 most systemic banks on Tuesday. The 30 lenders are divided between four "buckets" in order of how systemic, international, interconnected and complex they are, with JPMorgan now in a higher bucket than its nearest peers.
Energizer Holdings, Inc. ( NYSE:ENR ), is not the largest company out there, but it saw significant share price…
The company said the issue primarily involved Premium Wire, which enables businesses to send wire payments globally, and that it had hired a law firm to investigate its small business sales practices in the United States, including sales of Premium Wire. The Wall Street Journal had earlier reported that some of the company's salespeople had pitched a strategy to business owners, relying on a shaky interpretation of how tax law treats rewards points. "As a result of an internal investigation, we terminated employees and disciplined others, made product changes, adjusted our sales compensation plan, required additional training, and reinforced our permitted sales practices and policies."
ST. PAUL, Minn., November 23, 2021 /3BL Media/ – 3M is responding to the urgent need to decarbonize the global energy system as one of the founding members of the Global Alliance for Sustainable En…
The economist and adviser at Allianz SE says high inflation is here to stay.
The Dow Jones gained. Oil stocks bubbled as Joe Biden tapped reserves. The Donald Trump SPAC took a dive. A Warren Buffett stock fell.
Wood’s top picks have delivered enormous returns for Ark investors.
Shares of semiconductor giant Nvidia (NASDAQ: NVDA) had tumbled 3% as of 11 a.m. ET Tuesday after TheFly.com reported last night that an Nvidia director, Persis Drell, had disclosed a stock sale of 10,000 shares of Nvidia stock. You can't know the real reason — so you shouldn't assume. It should also be pointed out that the price at which Drell sold shares — $326.65 per share — is not only a higher price than Nvidia shares fetch today, it is a higher price than those shares were worth at yesterday's close, before news of the insider sale was revealed.
The cryptocurrency's growing applications make it less susceptible to the interest rates.
Tesla CEO Elon Musk is back selling shares. All the new sales took place on Tuesday and are part of a prearranged plan to exercise expiring management stock options.
Get in on the ground floor of a brand new industry like the metaverse — an iteration of the internet that creates interconnected virtual worlds. Facebook's parent company, Meta Platforms, has reignited interest in metaverse development after announcing plans to commit $10 billion to build what it calls the successor to the mobile internet.
Electric vehicles. Renewable energy. Wind farms and solar arrays. These are the technologies that will ‘lead the way’ of the next century’s industrial trends. They exist today, of course, but just where they will go, and what they will look like in a century, are simply unknowable. There are some things we do know. It is certain that today’s electrical and energy storage tech is going to evolve, changing its shape to adapt to the industrial-technological landscape that is growing up around us ev
Alibaba shares are down more than 40% this year, and are plumbing lows not seen since late 2018. But there remain reasons to be optimistic.
Amid Beijing crackdowns and other headwinds for U.S.-listed China companies, here are the best Chinese stocks now.
The $37 billion Grayscale Bitcoin Trust has fallen far behind gains in Bitcoin itself. It owns Bitcoin directly, rather than through futures contracts, but that's not the problem.
SAN JOSE, Calif. (Reuters) -Theranos founder Elizabeth Holmes denied lying to Walgreens about her company's technology during her fraud trial on Tuesday, offering rationales for withholding key details about operations and internal reports. Holmes took the stand for a third day to defend herself against fraud accusations related to Theranos, a blood testing startup that is now defunct. Jurors in San Jose, California, heard from a prosecutor at the start of the trial that Holmes falsely promised miniaturized blood analyzers to cement a partnership with Walgreens, but then secretly used "the big, clunky third-party machines" to test samples from patients who came into its stores.
For investors looking for options outside of the headline names, ChargePoint (NYSE: CHPT) could be a great pick-and-shovel choice. Daniel Foelber (ChargePoint): You may have heard of charging names like Blink Charging, (NASDAQ: BLNK), Volta (NYSE: VLTA), EVgo (NASDAQ: EVGO), and Wallbox. For the automakers, a technological edge means everything, but the charging segment is more about which company can be the most efficient.
Investors are always looking for the right signal, something that will indicate where a stock is likely to move. These can be positive or negative – what matters most is accuracy. The stock market is an expression of the collective will and opinions of millions of traders, investors, and corporate execs. The most successful stock players are those who learn to read what the signals are saying. One of the clearest signals comes from the corporate insiders. These company officers get an inside vie
Shares of Zoom Video Communications (NASDAQ: ZM) fell 14.7% on Tuesday after the cloud communications leader's slowing growth troubled analysts and investors. Zoom's revenue jumped 35% year over year to $1.05 billion in its fiscal 2022 third quarter. Zoom Video Communications' stock fell sharply on Tuesday.
Citi Also Honored with Multiple Regional and Sub-category Awards