Citi Bangladesh sweeps Global Finance Magazine award

Citibank, N.A. Bangladesh won the Global Finance Magazine country award for excellence in digital banking across Corporate/Institutional banking for the eleventh consecutive year, said a statement.

Citi won over 30 awards in Global Finance Magazine’s 2018 World’s Best Digital Bank Awards, reaffirming the bank’s commitment to innovation and excellence in digital banking across its Corporate/Institutional as well as Consumer Banking business.

In the magazine’s World’s Best Corporate/Institutional Digital Bank Awards, Citi was named Best Digital Bank in 16 markets – Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, Philippines, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam.

The bank also won five sub-category awards, including Best Online Cash Management, Best Online Treasury Services, Best in Mobile Banking, Best Mobile Banking App and Most Innovative Digital Bank. In sub-category awards, Citi was recognized for Best in Mobile Banking and Best Information Security and Fraud Management in Asia Pacific.

Citi was the first global transaction bank to launch Application Programming Interfaces (APIs) for institutional clients in 2017. Close to 20 APIs across a wide range of functionalities have been implemented. The bank also has the largest footprint in Virtual Cards in Asia across 11 markets, bringing automation and efficiency to supplier payments for clients. MobilePass – Citi’s app that generates dynamic passwords for digital access to accounts by corporate users – is now available across 14 markets in the region.

“Our strategy is to accelerate simplification using technology. Using technology, we are introducing disruptive solutions across our core product pillars and making strategic investments to support our clients. We continue to leverage local market payment infrastructure developments which are also tightly integrated into our global network and by using newer technologies, we are helping our clients get ahead of the digital curve,” said Rajesh Mehta, Citi’s Asia Pacific Head of Treasury and Trade Solutions (TTS).

Md. Moinul Huq, Head of Treasury and Trade Solutions (TTS), Bangladesh said, “We are honored to be recognized by Global Finance magazine for our excellence in digital banking for corporate and institutional clients. Citibank, N. A. works to be at the forefront of digital innovation by continuously investing in next generation technology in synchronization with our clients demands to co-create innovative and personalized solutions, providing simplification of processes and client satisfaction”.

-rmc//