Market Overview

FIS and Citi Enable Real-time Payments for Corporate Treasury Customers


(NYSE:FIS), a global leader in financial services technology, and Citi
Treasury and Trade Solutions
announced today that they are
collaborating to enable real-time payments and cash management for their
corporate treasury customers.

Using the CitiConnect® application programming interfaces (APIs), FIS
has connected its Trax corporate payments factory to the suite of Citi
Treasury and Trade Solutions – enabling seamless integration with Citi's
core treasury management functionality, including payment initiation,
transaction status inquiry, and balance inquiry.

  • FIS connects its Trax corporate payments factory to the Citi Treasury
    and Trade Solutions system using Citi open application programming
  • The connection allows corporate treasury departments of FIS and Citi
    to manage transaction flows in real-time, increasing cash management
    and visibility.
  • The collaboration also helps corporate customers to be better prepared
    for forthcoming open banking and cross-border requirements.

The connection allows mutual clients of FIS and Citi Treasury and Trade
Solutions to execute, manage, monitor and report on their transaction
flows in real-time, increasing cash management and visibility. The
initiative also enables corporate customers of FIS and Citi to be better
prepared for forthcoming open banking and cross-border payments

"This breakthrough collaboration between FIS and Citi allows businesses
to transform their treasury and accounts payable departments and create
a modern, real-time system for cash management," said Anthony Jabbour,
Chief Operating Officer of Banking & Payments for FIS. "Using the power
of open application programming interfaces, FIS and Citi are delivering
on the promise of faster payments for our customers around the world."

"At Citi, we are committed to providing clients with omni-channel
experiences by seamlessly embedding our solutions into our clients'
existing treasury applications, making it easier to do business. This
joint partnership combines the strengths of CitiConnect API with FIS
services to enable real-time banking and decision making," said Naveed
Sultan, Global Head of Treasury and Trade Solutions, Citi. "We are
extremely pleased to demonstrate how treasury can leverage API
functionality to effectively manage their transaction banking activity
directly from their own trusted applications, whether on a tablet,
mobile device or laptop."

"The CitiConnect API is progressing the client experience by further
embedding into treasury workstations, proving API technology will
transform how financial services are going to be both consumed and
provided. This exciting initiative by Citi and FIS is an excellent
example of collaboration between different providers, and of how APIs
aren't just a promise for the future - they are being used today to
solve real-world customer problems," said Patricia Hines, senior analyst
at Celent. "As the industry moves steadily toward real-time payments, we
expect to see more initiatives like this one in the months ahead."

The FIS Trax payments factory provides corporate treasury functions with
a highly secure platform for consolidating and standardizing their
accounts payments workflow, while meeting audit and reporting

CitiConnect® is Citi's industry leading connectivity platform, and is
part of the omni-channel digital banking product suite that also
includes CitiDirect BE®, CitiDirect BE® Mobile and CitiDirect BE® Tablet.

About FIS

FIS is a global leader in financial services technology, with a focus on
retail and institutional banking, payments, asset and wealth management,
risk and compliance, and outsourcing solutions. Through the depth and
breadth of our solutions portfolio, global capabilities and domain
expertise, FIS serves more than 20,000 clients in over 130 countries.
Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people
worldwide and holds leadership positions in payment processing,
financial software and banking solutions. Providing software, services
and outsourcing of the technology that empowers the financial world, FIS
is a Fortune 500 company and is a member of Standard & Poor's 500®
Index. For more information about FIS, visit

The FIS Trax solution was recognized as "Best
Accounts Payable Solution
" by Global Finance in March 2017 and won
the 2017 Treasury Management International Award for Innovation &
Excellence in Treasury Management for Best Accounts Payable Solution.

Follow FIS on Facebook (
and Twitter (@FISGlobal).

Forward-Looking Statements

This press release may contain statements, estimates or projections that
constitute "forward-looking statements" pursuant to the safe harbor
provisions of the U.S. federal securities laws. Generally, the words
"believe," "expect," "intend," "estimate," "anticipate," "project,"
"will" and similar expressions identify forward-looking statements,
which generally are not historical in nature. Forward-looking statements
are subject to certain risks and uncertainties that could cause actual
results to differ materially from FIS' historical experience and our
present expectations or projections. These risks include, but are not
limited to, changes in general economic, business and political
conditions, developmental and conversion delays or disruptions inherent
with new software products, technology and outsourcing solutions,
results of new solutions or collaborations with third parties, and risks
of reduction in revenue from the elimination of existing and potential
customers due to consolidation in or new laws or regulations affecting
the banking, retail and financial services industries, changes in the
growth rates of the markets for our solutions, and other risks detailed
in our filings with the Securities and Exchange Commission (SEC),
including the "Risk Factors" section of our Annual Report on Form 10-K
for the year ended December 31, 2016, and subsequent SEC filings. You
should not place undue reliance on forward-looking statements, which
speak only as of the date they are made. FIS undertakes no obligation to
publicly update or revise any forward-looking statements


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:
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Citi Treasury and Trade Solutions (TTS) enables its 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.

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