Citi Introduces Fingerprint and Facial Recognition for CitiDirect BE® Desktop Login
December 17 2018 - 9:00AM
Business Wire
New Cross-Channel Biometric Authentication
for Institutions
Citi Treasury and Trade Solutions (TTS) announces biometric
authentication availability in key markets to provide easy access
to CitiDirect BE® desktop and mobile; Citi’s core treasury
platforms. Clients will now have the opportunity to securely log in
to CitiDirect BE on their desktops, by using fingerprint or facial
recognition via the CitiDirect BE App on their smartphones.
“We continue to deliver digital solutions using the latest
technology to provide value for our clients, as they digitize their
own processes,” said Tapodyuti Bose, Global Head of Channel and
Enterprise Services, Citi Treasury and Trade Solutions. “By
leveraging existing built-in biometrics authentication capabilities
on mobile devices, clients can now access CitiDirect BE quicker,
further enhancing the user experience.”
CitiDirect BE® is available in 95 countries, across 26 languages
and over 135 currencies. It provides a single point of access for
institutional clients to a full range of global cash, trade,
liquidity and investment services. In 2018, this award-winning
platform was ranked first in Greenwich Associates’ Digital Banking
Benchmarking Study for the 12th consecutive year, as well as by
Global Finance as the World’s Best Digital Bank.
“Citi’s use of interconnected devices makes their digital
channels even more intuitive and easy to use. Consumerization of
corporate experiences is a trend that adds significant value to the
users’ daily interactions,” said Christine Barry, Research Director
for Aite Group's Wholesale Banking practice. “Clients appreciate
the speed and convenience of features such as fingerprint and
facial recognition on their mobile devices.”
Citi designed this biometric authentication solution for
CitiDirect BE in partnership with clients, resulting in an
intuitive, user-friendly and secure way to access the service.
Currently, clients use tokens to generate passwords, which results
in a multi-step process. The new biometric authentication allows
clients access in just seconds. Once individuals have set up the
biometric authentication capability on their mobile device and on
the CitiDirect BE application, they no longer need to copy codes
from password generating tokens in order to access CitiDirect
BE.
CitiDirect BE’s biometric authentication features reflect Citi’s
continued commitment to improving the client experience. Citi TTS
works with fintechs and other companies in an effort to provide
secure cutting-edge solutions that both protect client assets and
enhance the overall client experience. Citi TTS has a strategy to
extend how we digitally verify our clients based on who they are
and how they interact with our platforms.
The biometric authentication solution is now available for pilot
in certain markets, providing additional levels of security by
verifying users digitally based on their physical traits. Now,
with biometric authentication Citi is continuing to seamlessly
integrate the use of desktop and mobile channels.
CitiDirect BE® and CitiConnect® are a part of Citi Treasury and
Trade Solutions’ digital banking product suite. CitiDirect BE® is
an institutional digital banking platform comprised of CitiDirect
BE® and CitiDirect BE® App. CitiConnect® is Citi’s industry leading
suite of institutional connectivity options, including CitiConnect®
API and CitiConnect® API Developer Portal.
Citi Treasury and Trade Solutions (TTS) helps enable our
clients' success by providing an integrated suite of innovative and
tailored cash management and trade finance services to
multinational corporations, financial institutions and public
sector organizations across the globe. Based on the foundation of
the industry's largest proprietary network with banking licenses in
over 90 countries and globally integrated technology platforms, TTS
continues to lead the way in offering a comprehensive range of
digitally enabled treasury, trade and liquidity management
solutions.
About CitiCiti, the leading global bank, has
approximately 200 million customer accounts and does business in
more than 160 countries and jurisdictions. Citi provides consumers,
corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and
credit, corporate and investment banking, securities brokerage,
transaction services, and wealth management. Additional information
may be found at www.citigroup.com | Twitter: @Citi | YouTube:
www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
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version on businesswire.com: https://www.businesswire.com/news/home/20181217005182/en/
Media:Nina Das 212-816-9267 nina.das@citi.com
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