Citi TTS taps Pismo to strengthen demand deposit account solutions
Citi Treasury and Trade Solutions (TTS) has partnered up with UK-based banking and payments software firm Pismo to help strengthen its corporate demand deposit accounts (DDA) globally.
Citi TTS partners Pismo
Citi TTS says upgrading its current DDA infrastructure is a “core element” in its tech revamp strategy, and will enable better scalability and increased processing volumes.
Citi adds the revamp will also enhance the client experience and provide them with the ability to operate DDA capabilities in real time, 24×7, helping clients make more efficient cash management decisions.
Additionally, the partnership with Pismo will help Citi deliver a “nimble and scalable” microservice-based ecosystem, which will allow for faster delivery of enhancements, easier integration across products, and a globally consistent experience.
Pismo’s cloud-based core solutions will initially be deployed by Citi in the US market.
Citi TTS provides cash management and trade finance services to multinational corporations, financial institutions, and public sector organisations across the globe, with banking licences in over 90 countries and globally integrated technology platforms.
