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For Immediate Release Citigroup Inc. (NYSE: C)

Citi Launches Citi® Verify Real-Time Data Validation Service for Institutions

May 07, 2019


Citi Verify will provide access to GIACT's EPIC Platform®

New York – Citi's Treasury and Trade Solutions (TTS) has launched Citi® Verify, a new identity and account verification solution that helps clients streamline customer onboarding, reduce the risk of improper payments, and drive operational efficiencies. Through Citi's relationship with GIACT Systems®, a leader in helping companies positively identify and authenticate customers, Citi Verify provides institutional clients the ability to validate their US-based customers' information prior to enrolling and initiating transactions.

With Citi Verify, Citi customers will gain access to GIACT's EPIC Platform, an extensive, real-time network of identity verification and authentication services available in the market.

"Citi Verify demonstrates our commitment to providing a seamless payment experience, especially at a time when the industry is moving towards real-time and tokenized payments," said Alberto Casas, North America Payments and Receivables Head, with Citi's Treasury and Trade Solutions. "Not only does Citi Verify provide a layer of assurance for our clients when onboarding new customers, it also addresses the major costs incurred across the industry from misdirected payments, such as ACH returns, and will significantly strengthen the case for institutional adoption of Instant Payments. Our clients will now have added visibility and assurance that their transactions will be processed successfully."

In addition to account verification, Citi Verify goes a step further than other similar services by providing customer identity verification as well. Available through a single API or via a web or batch interface, Citi clients can access an extensive network of identity verification and authentication services, including customer intelligence comprised of over four billion records.

"Customer intelligence has become vital as the speed and volume of e-Commerce, payment processing, and digital onboarding continues to increase exponentially," continued Casas. "With Citi Verify, our clients now have access to the most comprehensive identity and account verification solution in the marketplace."

Citi Verify is currently available to clients in the United States and will be integrated into the existing suite of payments and receivables solutions offered by Citi's Treasury and Trade Solutions.

Citi's Treasury and Trade Solutions (TTS) enables our clients' 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's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.

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.

Additional information may be found at | Twitter: @Citi | YouTube: | Blog: | Facebook: | LinkedIn:

GIACT® has been helping companies verify valued customers since 2004. From financial to insurance, to retail, to solutions for your industry, GIACT offers customer intelligence for complete payment confidence. As the leader in providing real-time data to help companies mitigate payment risk and fraud, our OFAC screening, ID verification, account verification and authentication, and mobile verification solutions enable you to focus on providing unmatched customer experiences. Since our founding, we've processed billions of transactions for our more than 1,000 customers. For more information, visit or call 1-866-918-2409. Follow us on LinkedIn and Twitter.

Media Contact:
Citi: Nina Das, 212-816-9267,
GIACT: Robert Woods, 917-882-7488,

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