New York – Citi today announced it will launch comprehensive, new mobile capabilities on the Citi Mobile App® for iPhone to serve the full spectrum of client needs nationwide. The range of new features, rolling out in the weeks ahead, will include seamless in-app account opening, a 360-degree view across all financial accounts and spending insights to enhance clients' financial wellness. In addition, the app will offer a first-of-its kind among banks—non-Citi clients can create a profile and connect their accounts across financial services providers to benefit from the app's account aggregation, spending insights and bill management features.
"Over the past few years, we have been transforming our U.S. Retail Bank into a growth engine in our core markets while developing new mobile banking capabilities as a platform to one day serve consumers nationwide. That day is here," said Stephen Bird, CEO of Citi's Global Consumer Bank. "Consumers will be able to seamlessly open a Citibank account without ever visiting a branch and enjoy a suite of compelling products, the largest fee-free ATM network nationwide and powerful digital capabilities across lending, payments, investments and credit cards. There may be no more powerful single app in market today."
Capping a transformation that began in 2013, Citi is expanding the U.S. Retail Bank's reach nationwide with a full suite of new mobile services, having established a strong foundation from which to grow. Citi has streamlined its footprint, redesigned branches, introduced sweeping product enhancements, invested in wealth management, dramatically expanded ATM access and accelerated speed to market with new digital features. A deposit leader in its core markets, Citi comes to market with one of the strongest brands in financial services, industry-leading products, iconic partners, and seamless digital capabilities across banking, credit cards and payments. By taking banking beyond the branch, Citi is well positioned for future growth by both deepening relationships with current customers and expanding to serve new clients nationwide.
"We are realizing our full coast-to-coast potential as a national bank," said David Chubak, Head of Citi's Global Retail Bank. "We're investing in our products, our people and our capabilities to make Citi the only bank our clients will ever need. These new, game-changing mobile features will enable consumers to manage the breadth of their financial lives in the palm of their hand."
Citi's latest mobile banking survey reveals that consumers trust banks more than non-banks to handle their finances and that they would prefer to use one app to have a commanding view of their finances. Citibank listened. Its new mobile enhancements deliver on this need and more. According to Citi's new national survey of mobile banking users:
Citi's new mobile capabilities were designed with these needs in mind. The new features on the Citi Mobile App® for iPhone® will include:
"Co-creating new solutions with our customers starts by asking about their financial needs today and listening to how we can help achieve their financial goals tomorrow," said Yolande Piazza, Head of Citi FinTech. "Learning from our customers enables us to design solutions that deliver speed, convenience, visibility and control as well as more meaningful insights to help them shape their financial futures. We are invested in our customers' financial wellness and are excited to continue delivering solutions that meet them where they are and get them where they want to go."
Citi's new features were developed using agile operating methodology and co-creation with thousands of clients, enabling Citi to deliver the new capabilities within seven months. All of the features went through multiple rounds of research and testing with clients. Additional features will continue to launch in the months ahead.
These new mobile app capabilities complement a series of recent enhancements Citi has rolled out to customers including:
Citi is proud to have been named #1 in Customer Satisfaction for the second consecutive year by the American Customer Satisfaction Index and by Kiplinger's as Best Bank for High Net Worth Families.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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The Citi Mobile Banking Survey
The Citi Mobile Banking Survey was conducted by Wakefield Research among 2,000 nationally representative U.S. adults ages 18+, between February 22 and February 28, 2018, using an email invitation and an online survey. The margin of error was +/- 2.2%.