Citi using Swift tech to counter B2B blockchain disruptors

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Citigroup is using tracking and transparency to push back against rivals that paint traditional bank-powered international payments as a costly, time-consuming relic.

The bank’s Citi Payment Insights offering, announced Monday, is designed to allow real-time payments visibility and the ability to handle on-demand payments through CitiDirect BE, Citi’s e-banking platform. Institutional clients can view the transaction lifecycle within Citi’s global network and the correspondent banking ecosystem by using Swift’s Global Payments Innovation tracker. Swift’s gpi is an application programming interface

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