
Kindle banking
The app, which Citi claims is the first to be built exclusively for the Kindle Fire, enables users to track, analyse and budget their finances on the move (view press release). Financial services include check balance, manage cash flow, pay bills, transfer funds and access rewards. Numerical data can be presented in the form of graphs and charts to facilitate in depth financial management, interpretation and analysis. Key features include an interactive chart to plan cash flow, an automatically generated spending chart and the ability to compare spending habits with general consumer data.
Citi is also enhancing its Citi Mobile app with Mobile Check Deposit and Citibank Popmoney. The mobile check deposit service allows users to cash-in checks remotely by taking photos of each side of the check and submitting them for verification through the app. Citibank Popmoney allows users to transfer funds to an online payee remotely through the Citi Mobile app.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more