Boston, January 31, 2019 – Technology infrastructure is becoming ever more complex across all industry sectors, leading to a growing need for deeper connectivity and real-time capabilities between businesses and their financial institutions. Application program interfaces have emerged in recent years as a critical component in coordinating microservices and capabilities across a variety of platforms and providers. Citi TTS launched its CitiConnect API Developer Portal and file testing portals to provide corporate clients with real-time information and payment capabilities delivered via APIs directly to their back-office infrastructure.

Aite Group’s Impact Innovation Awards are designed to recognize and celebrate innovation achieved by financial institutions leveraging technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, or levels of automation and effectiveness that are bringing our industry one step closer to next-generation banking. Other reports in this series feature Aite Group’s Impact Innovation Award in Cash Management and Payments for reporting and analytics, customer experience, digital channel capabilities, product development, and product development by a small bank. To learn more about the topic covered in this report, please contact us at [email protected].

Clients of Aite Group’s Wholesale Banking & Payments service can download this eight-page Impact Innovation Award report.