The company has declared that dynamic multi-factor authentication on online and mobile banking platforms comes in the form of one-time pins (OTP).
Being offered through the banks internet banking (Citibank online-CBOL) and mobile banking (Citi Mobile) facility, the new one-time pin service sends a unique number to customers in the form of a mobile text message every time they log on to CBOL and Citi Mobile.
Citi has almost 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
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