CitiDirect BESM Mobile has won the Innovation in Cash & Treasury Technology Award. This award, which is one of The Banker’s 2012 Innovation in Banking Technology Awards, acknowledges the efforts of the industry’s IT professionals from across the globe.
Developed by the Citi Innovation Lab Dublin in conjunction with the CitiDirect® Online Banking technology team, CitiDirect BE Mobile allows users to access core transaction functionality available on its institutional online banking platform, CitiDirect®. With CitiDirect BE Mobile, mobile users can:
- Receive alerts and create, authorize, release and delete batch payments for straight-through processing
- Check account balances and transaction status providing added convenience
- Authorize imported file transactions
- Optimize usability of their mobile phones with an enhanced user interface design
Naveed Sultan, Global Head of Treasury and Trade Solutions, Citi, said “This has been an exciting year for CitiDirect BE Mobile and mobile innovation in general. We are proud to receive this recognition for innovation in technology. We know how important technology is for our clients and the future of their businesses. As we look at newer technologies, such as mobile, and consistent with our goal to be the world’s digital bank, we have remained focused on the core of what we do to provide our clients with the most innovative solutions in the market.”
CitiDirect BESM Mobile recently reached a significant milestone, processing over $1 billion in total transaction value in its first six months of operations. CitiDirect BE Mobile is currently available in twelve languages including English, Chinese (Traditional and Simplified), Czech, Hungarian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish and Turkish and 82 countries and jurisdictions worldwide including 300,000 users representing over 50,000 clients.
Citi Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Citi Transaction Services supports over 65,000 clients. As of the first quarter of 2012, it held on average $377 billion in liability balances and $13.0 trillion in assets under custody.
About the Innovation in Banking Technology Awards
From collaborative software development to running risk calculations on lightning fast graphics chips, IT teams from all corners of the banking world have proven more inventive than ever over the past 12 months. The Banker's Innovation in Banking Technology Awards celebrates those behind the industry's brightest ideas.
About The Banker
The Banker is the world's premier banking and finance resource. Read in over 180 countries around the world, The Banker is the key source of data and analysis for the industry. Its unique database of more than 4000 banks maps their financial strength and soundness via Tier 1 capital, their profitability, and their performance versus their peers. The Banker has been providing global financial intelligence since 1926 and has built a reputation for objective and incisive reporting on major events. Every month the magazine combines in-depth regional and country coverage with reports on capital markets and structured finance, risk management, working capital management and securities services, environmental finance, trade and project finance, trading, technology and management and governance issues.
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.
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