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Citi Enlists SaaS Specialist Kyriba for Faster Payments

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Citi Group has teamed up with treasury and finance solutions specialist Kyriba on a new API integration, through which the financial services giant will provide faster payments and standardisation. The API will also help with real-time bank reporting and account management San Diego-based Kyriba is a late-stage venture, providing a Software-as-Service (SaaS) enterprise platform, bank connectivity and an integrated solution. According to its own numbers, 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.