The Traderszone Network

With increasing globalization, cross-border, or global, payments have become a very big piece of the banking business.

The space is also a hotbed for competition as a number of non-banks are offering the multicurrency payment processing capabilities that businesses need more efficiently and at a better value than the big banks.

Needless to say, banks are feeling the pressure on all fronts to get their capabilities aligned with what the innovators around them are already providing.

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Citi announced Tuesday (Feb. 28) the launch of an API to connect its clients operating in the treasury services industry to critical Citi services.

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