Citi recognized as Best Digital Bank in Costa Rica

RIO DE JANEIRO, BRAZIL – Citi was recognized as the Best Corporate/Institutional Digital Bank in Costa Rica by Global Finance magazine in the 22nd annual “World’s Best Corporate/Institutional Digital Banks in Latin America” competition.

Citi Latin America received top honors in 24 of 27 award categories in Latin America, with 14 country awards and ten awards in regional subcategories.

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The company won the “Best Corporate/Institutional Digital Bank Award” in Argentina, Brazil, Colombia, Costa Rica, Ecuador, El Salvador, Honduras, Jamaica, Panama, Paraguay, Peru, Puerto Rico, Uruguay, and Mexico.

In addition, it received a total of 10 awards in regional subcategories that recognize the digital products and services offered to customers, including its trade finance services, investment management service, mobile banking app, and website.

“This nomination as Best Digital Bank in Costa Rica recognizes our work as an innovative and technological bank, which constantly seeks solutions for its corporate banking clients. The pandemic forced us to reinvent ourselves, and we will continue to support our clients and find solutions to the challenges that lie ahead,” said Ed Sanchez, CCO of Citi Costa Rica.

The winning banks were selected based on the strength of strategy to attract and serve digital clients, success in getting clients to use digital offerings, growth of digital users, breadth of product offerings, and evidence of tangible benefits from digital initiatives.

Citi promotes the digitization of transactional banking in Latin America, offering unparalleled global networks and platforms.

The bank’s digital solutions enable clients to overcome financial challenges posed by the Covid-19 pandemic.

Over the past year, the company launched mobile transactions. It expanded global products to the region to deliver value to clients through ease of use, real-time banking, digital security, data insights, and artificial intelligence.

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