Citi Sees Surge in Corporate Online Account Opening Amid Pandemic

Brandon McGee

6 years ago

“That platform, CitiDirect BE, is used by large multinational institutions as well as small and midsizefirms to make payments to suppliers, pay bills and taxes, collect money and ensure they have ample cash flow…
The platform’s online and app users grew from 470,000 in March 2019 to 584,000 in March 2020…
The number of logins increased 18% from 3.7 million in March 2019 to 4.3 million in March 2020.
Interactions over mobile devices also have risen, with a tenfold increase in active CitiDirect BE app users, from 300 in March 2019 to 3,400 in March 2020. Users can access CitiDirect on desktops, tablets and smartphones.”