{"id":764258,"date":"2023-06-15T17:40:31","date_gmt":"2023-06-15T21:40:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions\/"},"modified":"2023-06-15T17:40:31","modified_gmt":"2023-06-15T21:40:31","slug":"citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions\/","title":{"rendered":"Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions<\/b><\/p>\n<p>NEW YORK &amp; BRISTOL, England&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCiti Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo\u2019s technology platform to help strengthen Citi\u2019s corporate demand deposit accounts (DDA), to clients worldwide.<\/p>\n<p>\nCiti TTS continues to migrate its solutions, services, and infrastructure to create \u201calways on\u201d capabilities aimed to improve the overall client experience and provide clients with the ability to operate DDA capabilities in real-time with 24&#215;7 processing. Upgrading the current DDA infrastructure is a core element to the TTS technology revamp strategy, allowing for better scalability and increased processing volumes.<\/p>\n<p>\nStephen Randall, Global Head of Liquidity Management Services, Citi Treasury and Trade Solutions, said, \u201cPismo was selected based on its core expertise and knowledge in cloud-based banking and payments capabilities. We look forward to working together and exploring different ways in which our relationship can drive Citi\u2019s work to help deliver clients\u2019 global ambitions.\u201d<\/p>\n<p>\nRicardo Josu\u00e1, Pismo CEO and co-founder, said, \u201cWe are deeply honoured to serve Citi as a key part of its journey. This relationship will help establish Pismo as one of the leading players in the cloud-native core banking space. Citi\u2019s selection of Pismo is a resounding endorsement of our decision to stay true to our cloud-native architectural roots and our decision to start expanding internationally in 2021.\u201d<\/p>\n<p>\nCiti\u2019s relationship with Pismo also creates value for Citi clients by helping to deliver:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nA nimble and scalable microservice-based ecosystem free of market-specific hardcoded applications, allowing for faster delivery of enhancements, easier integration across products and a globally consistent experience<\/p>\n<\/li>\n<li>\nHigh volume 24&#215;7 processing and real-time data availability, which will enable clients to make more efficient cash management decisions while taking advantage of Citi\u2019s global network<\/p>\n<\/li>\n<\/ul>\n<p>\nPismo\u2019s cloud-based core solutions are initially planned to be deployed by Citi in the U.S. market.<\/p>\n<p>\nCiti Treasury and Trade Solutions (TTS) helps enable our clients&#8217; success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions, and public sector organizations across the globe. Based on the foundation of the industry&#8217;s largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering a comprehensive range of digitally enabled treasury, trade, and liquidity management solutions.<\/p>\n<p><b>About Citi<br \/>\n<br \/><\/b>Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.<\/p>\n<p>\nAdditional information may be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.citigroup.com&amp;esheet=53421484&amp;newsitemid=20230615878032&amp;lan=en-US&amp;anchor=www.citigroup.com&amp;index=1&amp;md5=d9c9ee5e5f2cdddf6939980ace7f1fff\">www.citigroup.com<\/a> | Twitter: @Citi | LinkedIn: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fciti&amp;esheet=53421484&amp;newsitemid=20230615878032&amp;lan=en-US&amp;anchor=www.linkedin.com%2Fcompany%2Fciti&amp;index=2&amp;md5=b09022fc0dd6c211facca027c069fea9\">www.linkedin.com\/company\/citi<\/a> | YouTube: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.youtube.com%2Fciti&amp;esheet=53421484&amp;newsitemid=20230615878032&amp;lan=en-US&amp;anchor=www.youtube.com%2Fciti&amp;index=3&amp;md5=10c34841495ae9f6125c372a1fc41c7c\">www.youtube.com\/citi<\/a> | Facebook: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2Fciti&amp;esheet=53421484&amp;newsitemid=20230615878032&amp;lan=en-US&amp;anchor=www.facebook.com%2Fciti&amp;index=4&amp;md5=64e1bb30a5d65972d06c426590459eb2\">www.facebook.com\/citi<\/a><\/p>\n<p><b>About Pismo<br \/>\n<br \/><\/b>Pismo is a technology company providing an all-in-one processing platform for banking, payments, and financial markets infrastructure globally. Large banks, marketplaces, and fintech companies use our cloud-native microservices platform to launch next-generation solutions and move from legacy systems to the most advanced technology in the market. The Pismo cloud-based platform empowers firms to build and launch financial products rapidly, scaling as they grow to have a broader audience while keeping high security and availability standards. Additional information may be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.pismo.io&amp;esheet=53421484&amp;newsitemid=20230615878032&amp;lan=en-US&amp;anchor=www.pismo.io&amp;index=5&amp;md5=bc8593f86251fd5e7fe5cfbd059592ee\">www.pismo.io<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230615878032r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230615878032\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230615878032\/en\/<\/a><\/span><\/p>\n<p><b>Media<\/b>:<br \/>\n<br \/>Nina Das<br \/>\n<br \/>Citi Institutional Clients Group<br \/>\n<br \/>+1 (212) 816-9267<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Nina.Das@citi.com\">Nina.Das@citi.com<\/a><\/p>\n<p><b>Pismo<br \/>\n<\/b><br \/>Patricia Bartuira<br \/>\n<br \/>+1 (786) 270-6253<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:marketing@pismo.io\">marketing@pismo.io<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Europe United States United Kingdom North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Data Management Banking Technology Professional Services Payments Digital Cash Management\/Digital Assets Apps\/Applications Software Internet Fintech Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230615878032\/en\/311741\/3\/00000CitiLogoBlue210_1.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions NEW YORK &amp; BRISTOL, England&#8211;(BUSINESS WIRE)&#8211; Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo\u2019s technology platform to help strengthen Citi\u2019s corporate demand deposit accounts (DDA), to clients worldwide. Citi TTS continues to migrate its solutions, services, and infrastructure to create \u201calways on\u201d capabilities aimed to improve the overall client experience and provide clients with the ability to operate DDA capabilities in real-time with 24&#215;7 processing. Upgrading the current DDA infrastructure is a core element to the TTS technology revamp strategy, allowing for better scalability and increased processing volumes. Stephen Randall, Global Head &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-764258","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions NEW YORK &amp; BRISTOL, England&#8211;(BUSINESS WIRE)&#8211; Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo\u2019s technology platform to help strengthen Citi\u2019s corporate demand deposit accounts (DDA), to clients worldwide. Citi TTS continues to migrate its solutions, services, and infrastructure to create \u201calways on\u201d capabilities aimed to improve the overall client experience and provide clients with the ability to operate DDA capabilities in real-time with 24&#215;7 processing. Upgrading the current DDA infrastructure is a core element to the TTS technology revamp strategy, allowing for better scalability and increased processing volumes. 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Citi TTS continues to migrate its solutions, services, and infrastructure to create \u201calways on\u201d capabilities aimed to improve the overall client experience and provide clients with the ability to operate DDA capabilities in real-time with 24&#215;7 processing. Upgrading the current DDA infrastructure is a core element to the TTS technology revamp strategy, allowing for better scalability and increased processing volumes. Stephen Randall, Global Head &hellip; Continue reading \"Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions\/","og_site_name":"Market Newsdesk","article_published_time":"2023-06-15T21:40:31+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230615878032r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions","datePublished":"2023-06-15T21:40:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions\/"},"wordCount":651,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230615878032r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-tts-selects-pismo-to-enrich-global-demand-deposit-account-solutions\/","name":"Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions - 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