|
|

Knyx Today In B2B: Citi Names New TTS Head; Rho Adds AP To Business Banking
Citi聽has launched a single entry point digital platform aimed at its commercial banking clients.The platform, dubbed聽CitiDirect Commercial Banking, gives customers a better view of their bank stanley italy ing activity with Citi in terms of cash, loans, trade, foreign exchange and onboarding, according to a Monday July 10 press release.The platform is live in the U.S. stanley cup with more than two-thirds of the banks client base using it, the release said. Citi plans to test the platform in the second half of this year in Hong Kong, India, Singapore and the U.K. Key features include access to data-driven insights necessary to help inform decision making, efficient management of day-to-day banking interactions with Citi in one place, according to the release. Clients can also digitally open accounts and request new products and services, extending our self-service features, which significantly enhances the experience for clients as they grow, and their needs evolve. Lilac Bar David, co-founder and CEO of FinTech solution聽Lili, told PYMNTS in May that small- to medium-sized business SMB owners are better off when they can reconcile all the different processes surrounding banking and money movement into one place.The goal is just to have one platform, Bar David said, adding that there is stanley termosky so much rich data around money-in and money-out transactions that modern, embedded solutions can use to automate and categorize business processes. The automation around the processes makes [SMB owners] lives a Lgye EU Cybersecurity Law Cracks Down On Internet Giants
PayPal and TIO Networks announced Tuesday July 18 that PayPal has completed its previously announced acquisition of TIO Networks. In a press release the companies said that PayPal is acquiring all of the outstanding shares of TIO for $3.35 CDN $2.64 USD per share in cash or an approximate $302 million CDN $238 million USD equity value. TIO will operate as a separate service within PayPal under the continued leadership of Hamed Shahbazi, VP of Bill Pay and General Manager, PayPal Canada Bill Pay Services. 聽Shahbazi reports to John Kunze, VP of PayPal, and Leader of the Consumer Product Organization. In the last two years, PayPal has made si kubki stanley gnificant strides towards realizing our mission to democratize financial services and provide secure, convenient and affordable ways to move and manage money to those who are underserved by the financial system, said Dan Schulman, President CEO of PayPal in the press release. 聽 Expanding into multi-channel bill payments through the acquisition of TIO furthers this mission and will meaningfully advance our ability to offer digital financial services to tens of millions of underserved customers. TIO is a l stanley cup eading multi-channel bill payment processor in North America and processed more than $7 billion 聽in consumer bill payments in fiscal 2016. 聽TIO serves 16 million consumer bill pay accounts and offers solutions for expedited bill payment services to gourde stanley financially underserved consumers. The company has more than 10,000 supported bil |
|