Latest Citi News: Finextra Research

Citibank outsources Czech ATM network to Euronet

Citibank in Prague is to outsource the management and maintenance of its cash machine network to Euronet Services.

01 September 2000

Sabre cuts Citi travel costs in half

Citigroup is to implement the Sabre BTS corporate travel management system globally following a successful trial run at Citibank which slashed travel costs in half. Sabre BTS will now be used by other Citigroup business lines including Travelers Insurance and Salomon Smith Barney - resulting in more than 11,000 users around the world.

15 August 2000

/payments

Top three FX banks and Reuters plan online exchange - WSJ

Chase Manhattan, Citigroup, Deutsche and Reuters are planning to form an online currency trading service for their clients. According to a Wall Street Journal report, the coalition plans to sign 50 or 60 partners to the service before announcing it publicly.

14 August 2000

/retail

Banks and technology partners form B2B payments company

Citigroup, Enron, i2 Technologies, S1 Corporation and Wells Fargo have launched a joint venture company to streamline payments for business-to-business e-commerce.

08 August 2000

/wholesale

Brief: CitiStreet signs worldwide license with SunGard

CitiStreet, the pension plan joint venture of Citigroup and State Street Bank, has taken a worldwide license for SunGard's OmniPlus and OmniDBEN record-keeping and administration system.

03 August 2000

/retail

Brief: Alltel wins showcase Hong Kong contract

Hong Kong's Citic Ka Wah Bank has contracted with Alltel for the provision of new account processing software for deposit and loan accounts. The agreement also covers the installation of retail delivery systems for tellers, call centre and branch platform automation, as well as a decision support module through a data warehouse.

02 August 2000

/wholesale

Citibank and BuyandHold offer virtual ADR programme

Electronic brokerage BuyandHold is to offer an online virtual direct stock purchase service to Citibank's American Depositary Receipt (ADR) issuers. The service will enable US individuals to invest in non-US companies through the BuyandHold Web site.

26 July 2000

/retail

Citi launches account aggregation service

Citigroup has launched www.myciti.com, a financial services site which uses technology provided by Yodlee to offer consumers a one-stop account aggregation service.

18 July 2000

/retail

Citi and SAP to build B2B payment system

Citigroup (www.citigroup.com) and SAP are to incorporate Citibank payment services into the mySAP.com business-to-business procurement solution and SAPMarkets marketplaces.

16 June 2000

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