09:45 AM
Connect Directly

SIBOS NEWS: Citi Releases Next-Gen Online Banking Platform—CitiDirect BE

Citi launched the next generation of its commercial online banking platform—CitiDirect BE from Citi's Global Transaction Services.

CitiDirect BE is designed to give clients more visibility, control and efficiency in their banking processes. It scales across the spectrum, from small businesses to multinational corporations.

CitiDirect BE (the BE representing "Banking Evolution") builds on its predecessor, CitiDirect Online Banking, first introduced in 1999. The bank says the new version will provide functionality beyond traditional transaction management and reporting, such as analytics and user-generated content, a media/video channel as well as Citi's Electronic Bank Account Management offering. In addition to these new features, CitiDirect BE makes these tools available via the multiple delivery channels corporate clients require, including a web portal, a la carte web services, straight-through connectivity via SWIFT or the Internet, as well as mobile devices.

The CitiDirect BE platform is based on a service-oriented architecture (SOA) and open standards. Citi says opportunities are created for other banks in terms of white labeling the platform due to its greater flexibility and modular design.

Citi Global Transaction Services chief innovation officer Gary Greenwald further describes CitiDirect BE's functionality in this video.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Oct. 14, 2014
Bank Systems & Technology's new Must Reads is a compendium of our best recent coverage of customer analytics. Learn what big data means for banks, meet Wells Fargo CDO Charles Thomas, find out how to connect with your Gen Y customers, and more.
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.