Citi and Kyriba go API for faster payments
Citi and cloud treasury and finance solutions provider Kyriba have made a new API integration for faster payments and standardisation.
“APIs represent the next generation of bank connectivity”
San Diego-based Kyriba offers a Software-as-Service (SaaS) enterprise platform, bank connectivity and an integrated solution.
Mayank Mishra, global head of channel services, Citi Treasury and Trade Solutions, says: “Through embedded APIs our joint clients have access to a seamlessly integrated, fully digital experience accessing their Citi accounts instantly through their preferred treasury platform.”
Bob Stark, Kyriba’s VP of strategy, adds: “APIs represent the next generation of bank connectivity and offer robust advantages over traditional file transfer technologies.”
The API integration with Citi will also help with real-time bank reporting and account management.
Kyriba rolls out some big numbers to show what it does. It currently processes more than 83 million bank transactions, 30 million payments and 530 million ERP transactions on behalf of its clients each month through its connectivity hub.
Along with its HQ in San Diego, Kyriba has offices in New York, Paris, London, Tokyo and Dubai.
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