Citi Treasury and Trade Solutions (TTS) has partnered with Pismo, a UK-based banking and payments software firm, to enhance its global corporate demand deposit accounts (DDA) and improve its tech infrastructure.
Facts
- Citi TTS has joined forces with Pismo to strengthen its corporate demand deposit accounts (DDA) globally.
- Upgrading the current DDA infrastructure is a crucial part of Citi TTS’s technology revamp strategy.
- The upgraded infrastructure will provide better scalability and increased processing volumes.
- Clients will enjoy an enhanced experience with the ability to operate DDA capabilities in real-time, 24×7, enabling more efficient cash management decisions.
- The partnership with Pismo will help Citi deliver a nimble and scalable microservice-based ecosystem.
- Initially, Pismo’s cloud-based core solutions will be deployed by Citi in the US market.
- Citi TTS offers cash management and trade finance services worldwide and holds banking licenses in over 90 countries, supported by globally integrated technology platforms.
