Kyriba, a San Diego, California-based fintech startup offering Software-as-Service (SaaS) enterprise platform, in a recent press release statement announced that it entered into a partnership agreement with Citi to offer a new API (Application programming interface) integration that helps clients with increased transparency, faster payments and jurisdictional standardizations in over 160 countries all around the world.
According to Mayank Mishra, global head of channel services, Citi Treasury and Trade Solutions, the company is on a continuous pursual to provide its clients the best possible experience, and its partnership with Kyriba has led to the co-creation of frictionless treasury experience. Adding further he said that the embedded APIs will offer Citi’s joint clients access to a seamlessly integrated, fully digital experience, allowing instant access to Citi accounts via a treasury platform of choice.
As per Bob Stark, VP of strategy, Kyriba, APIs are next-gen bank connectivity solutions that stand out with their robust advantages offering over traditional file transfer technologies. Adding further Bob said that through this new API integration with Citi, Kyriba will now be able to offer real-time bank reporting and account management and payments to its clients.
Furthermore, Kyriba claims that it currently processes over 83 million bank transactions, 30 million payments, and 530 million ERP transactions every month through its connectivity hub on behalf of its clients.