Citibank introduces new automated e-alert system
Tuesday, 1 September 2009
FE Report
Global financial giant Citibank, N.A. has introduced its new automated e-alert system in the country, which the company says- would ensure secured financial information flow to its clients.
Through this state-of-the-art service, account statements and transaction advises would be delivered instantly to the client's designated e-mail addresses, Citi NA authority informed.
"We strongly believe that this innovation will help contribute to the 'Green City' movement by eliminating paper-based advises, protecting and preserving our environment for next generation," Abrar A Anwar, Head of Global Corporate and Commercial Bank in Bangladesh and acting Citi Country Officer said on the eve of the event Monday.
"Given the huge population Bangladesh has to cope with, on such a small landmass, this is particularly important that the financial institutions makes efficient use of technology in a bid to save time, energy, money and resources", Dr. M Kaykobad, Professor of Computer Science and Engineering at Bangladesh University of Engineering and Technology (BUET) who attended the event as the chief guest, said.
On the occasion, it was also informed that Citibank has been recognized by EUROMONEY as 'the best Bank in Asia' in 2009, and by ASIAMONEY as 'the best Cash-management bank', 'best Implementation bank and 'best Electronic Banking bank' in Asia.
"Also, for the second consecutive year, Global Finance has awarded Citi as the Best Corporate/ Institutional Internet Bank in Bangladesh," the Bank authority informed.
"Technology is a vital part of Citi's service and delivery platform and we will continue to invest heavily in this area to enhance our client's overall banking experience," Managing Director and Regional Head of Citi's Client Delivery and Global Transaction Services in Asia Pacific region Becky Lo said.
Previously, Citi also introduced a number of exclusive Internet banking services like CitiDirect online banking for Cash and Trade, Citibanker.com, Infopool, Host-to-Host Solution and Treasury vision for its clients in Bangladesh.
The Bank introduced its online banking services in Bangladesh almost a decade ago and currently 70 percent of its total transaction in the country took place online, the officials informed.
In the near future, the multinational banking giant would move to set up SME centers and providing agricultural finances as per the recent Bangladesh Bank policies, the bank officials informed.
At the same time, it was hoped that the inter bank transaction online would be easier once the automated clearing house gets into operation.
Head of Citi Service, Electronic Banking and Implementation in Bangladesh Fayaz Moula also spoke on the occasion.
Global financial giant Citibank, N.A. has introduced its new automated e-alert system in the country, which the company says- would ensure secured financial information flow to its clients.
Through this state-of-the-art service, account statements and transaction advises would be delivered instantly to the client's designated e-mail addresses, Citi NA authority informed.
"We strongly believe that this innovation will help contribute to the 'Green City' movement by eliminating paper-based advises, protecting and preserving our environment for next generation," Abrar A Anwar, Head of Global Corporate and Commercial Bank in Bangladesh and acting Citi Country Officer said on the eve of the event Monday.
"Given the huge population Bangladesh has to cope with, on such a small landmass, this is particularly important that the financial institutions makes efficient use of technology in a bid to save time, energy, money and resources", Dr. M Kaykobad, Professor of Computer Science and Engineering at Bangladesh University of Engineering and Technology (BUET) who attended the event as the chief guest, said.
On the occasion, it was also informed that Citibank has been recognized by EUROMONEY as 'the best Bank in Asia' in 2009, and by ASIAMONEY as 'the best Cash-management bank', 'best Implementation bank and 'best Electronic Banking bank' in Asia.
"Also, for the second consecutive year, Global Finance has awarded Citi as the Best Corporate/ Institutional Internet Bank in Bangladesh," the Bank authority informed.
"Technology is a vital part of Citi's service and delivery platform and we will continue to invest heavily in this area to enhance our client's overall banking experience," Managing Director and Regional Head of Citi's Client Delivery and Global Transaction Services in Asia Pacific region Becky Lo said.
Previously, Citi also introduced a number of exclusive Internet banking services like CitiDirect online banking for Cash and Trade, Citibanker.com, Infopool, Host-to-Host Solution and Treasury vision for its clients in Bangladesh.
The Bank introduced its online banking services in Bangladesh almost a decade ago and currently 70 percent of its total transaction in the country took place online, the officials informed.
In the near future, the multinational banking giant would move to set up SME centers and providing agricultural finances as per the recent Bangladesh Bank policies, the bank officials informed.
At the same time, it was hoped that the inter bank transaction online would be easier once the automated clearing house gets into operation.
Head of Citi Service, Electronic Banking and Implementation in Bangladesh Fayaz Moula also spoke on the occasion.