Cloud treasury and finance solutions provider Kyriba announced an application programming interface (API) integration with Citi to give Kyriba clients access to faster payments, more transparency and better standardisation in more than 160 countries and jurisdictions.

The company said that the API integration builds upon its leading connectivity options that help bridge global financial systems in enabling finance executives to better mobilise their cash and liquidity.

“We continuously pursue creating the best possible experiences for our clients,” said Mayank Mishra, global head of channel Services, Citi Treasury and Trade Solutions.

“Our partnership with Kyriba has led to the co-creation of a frictionless treasury experience. Through embedded APIs our joint clients have access to a seamlessly integrated, fully digital experience accessing their Citi accounts instantly through their preferred treasury platform.”

“APIs represent the next generation of bank connectivity and offer robust advantages over traditional file transfer technologies,” added Kyriba’s Bob Stark, VP of strategy.

“We are excited to provide this new API integration with Citi to our clients as part of an emerging connectivity standard, which will offer new opportunities for real-time bank reporting, account management and payments.”

Kyriba currently processes more than 83 million bank transactions, 30 million payments and 530 million enterprise resource planning (ERP) transactions monthly on behalf of its clients through its global connectivity hub.