Citi is introducing a marketplace of third party FinTechs for its customers.
In Brief:
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Users will be able to share their account information with a number of financial apps.
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The marketplace will achieve this using API technology.
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It has so far partnered with eight FinTech providers.
What does this mean?
Citi says that the marketplace model, which is a key element of challenger banks like Starling Bank, will offer its customers more choice and convenience for their financial services needs.
