Hashtag
Men's Weekly

Citi to Take Wealth Management to Next Level with the Market-First Launch of Wealth 360

Entering an Open Banking Era That Fosters a Customer-Centric Banking Landscape Through the IADS Pilot Program

HONG KONG SAR - Media OutReach Newswire - 17 July 2024 - Citi Hong Kong today announced the launch of Wealth 360, a pioneering digital wealth management feature on Citi Mobile® App, through the Interbank Account Data Sharing (IADS) pilot program introduced by the Hong Kong Monetary Authority (HKMA).

This first-in-market feature gives Citi Mobile® App users real-time access to a range of enhanced wealth management functions, including interbank account overview, monthly cash flow reports, insights into personal spending habits, personalized financial insights, and carbon footprint overview. The feature is now rolling out to selected customer segments and will be gradually expanded to the entire customer base.

The benefits extend far beyond enhancing customer experience, our customers will also be equipped with the tools and insights they need to manage their finances. By fostering transparency and empowering customers, we co-create a more connected and personalized banking ecosystem. Introduced by the HKMA late last year, the IADS pilot program aims to promote digitalization within the banking sector through the sharing of customer account data among banks. Customers will be able to access information of their deposit accounts at other banks such as account status, balances and transaction details – all on one app.

Key Functions of Wealth 360[1]:

  • Interbank Account Overview: Through Application Programming Interface (API), customers will have the option to link their deposit accounts at other banks on the Citi Mobile® App, allowing them to access account details including account availability, status, balance, and transactions.

  • Personal Financial Management: Customers will be able to track their financial status real-time, including an overview of personal expenses that will be grouped into various spending categories.

  • Personalized Financial Insights: Wealth 360 will provide personalized financial insights, such as spending pattern analysis based on customers' spending habits.

  • Carbon Footprint Overview: Customers can view their own carbon footprint as Wealth 360 will calculate the carbon emissions generated from their card spending, raising their awareness of carbon footprint and green spending and contributing to individual responsibility in environmental protection.

Sarah O, Head of Digital Growth at Citibank Hong Kong, shared, " By harnessing the transformative power of Open Banking, Wealth 360 empowers our customers to have a holistic overview of their wealth portfolio and take charge of their financial well-being. With that in mind, Citi has been striving to elevate our customers' digital experience with a more streamlined and personalized digital platform and services that address their needs. This is why we are delighted to be one of the first retail banks in Hong Kong to participate in the IADS pilot program. At the forefront of digital innovation, Citi is also one of the first banks in Hong Kong to have participated in the HKMA's Open API Framework in 2017, leveraging cross-sector collaboration to provide a wide range of technology-driven banking services. This echoes our proactive approach to driving fintech development as well as ongoing effort in the innovation of digital services to better serve the evolving needs of our customers."

Carbon Footprint Tracking Feature: Encouraging green spending to combat climate change

Wealth 360 is a new Citi Mobile® App feature that not only offers access to information of accounts at other banks, but also insights into customers' own carbon footprint, allowing them to view their own carbon emissions generated in different spending categories, covering both credit card transactions and spending activities across savings accounts.

The "Carbon Footprint" displayed on the dashboard is calculated based on customers' spending amounts and the average carbon emissions associated with each merchant in the respective spending category. Wealth 360 will then assess the potential impact on the climate and to encourage green spending in an effort to combat climate change.

Echoing our Commitment to achieve net zero greenhouse gas emissions by 2050, Citi strives on assisting clients and stakeholders in their low-carbon transitions. The information on green spending help ensures customers' needs and living conditions can be maintained without causing social, economic, and environmental disruptions, hence safeguarding our planet for the future generation.


[1] Enhancements to this function will be introduced to all customers in phases.
Hashtag: #Citi

The issuer is solely responsible for the content of this announcement.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at | X: | LinkedIn: | YouTube: | Facebook:

Business News

ANDPAD Launches Vietnamese Language Support for its Cloud-Based Construction Project Management Service

Expanding Multilingual Support for Global Users TOKYO, JAPAN - Media OutReach Newswire - 26 June 2025 - ANDPAD Inc. (Head Office: Chiyoda-ku, Tokyo; CEO: Takeo Inada; hereinafter ANDPAD), which opera...

Hashtag.net.au - avatar Hashtag.net.au

Changhong Unveils Smart Living Innovations at 2025 Jakarta Expo, Bringing AI-Driven Appliances to Indonesian Homes

Exclusive Shopee partnership brings cutting-edge smart living technology to Indonesian consumers JAKARTA, INDONESIA - Media OutReach Newswire - 24 June 2025 - Changhong, a global leader in smart hom...

Hashtag.net.au - avatar Hashtag.net.au

Malaysia Launches Full-Scale Startup ASEAN Platform To Drive Regional Growth

PUTRAJAYA, MALAYSIA - Media OutReach Newswire - 26 June 2025 - Malaysia today launched the Startup ASEAN platform, marking the full-scale rollout of a bold, unified digital gateway to connect and empo...

Hashtag.net.au - avatar Hashtag.net.au

Hong Kong Civil Claim Centre Launches Free Work Injury Compensation Calculator

HONG KONG SAR - Media OutReach Newswire - 26 June 2025 - The Hong Kong Civil Claim Centre (hkcivilclaim.com) has officially launched a brand-new online feature: the Work Injury Compensation Calculat...

Hashtag.net.au - avatar Hashtag.net.au

Deleted

This Press release has been killed

Hashtag.net.au - avatar Hashtag.net.au

SiegFund Transforms into SiegPath: A Strategic Rebrand Paving the Way for the Future of Professional Trading

HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - SiegFund, a fintech–driven proprietary trading platform, has officially completed its brand upgrade and will now operate as SiegPath, serving...

Hashtag.net.au - avatar Hashtag.net.au

Health & Wellness

Telehealth Could be the Catalyst for Better Heart Health in Australia

Hashtag.net.au - avatar Hashtag.net.au

Image by stockking on Freepik Heart disease is one of the leading causes of death in Australia despite decades of advancements in medicine and health education campaigns. More than 400 Australians ...

Disability Care in Melbourne: What Families Need to Know in 2025

Hashtag.net.au - avatar Hashtag.net.au

If you’re supporting a loved one with a disability in Melbourne, you’ll know how important it is to find the right care—and how overwhelming it can be to navigate the system. With the National Disab...

Online Medical Certificate Services: Essential Features to Look Out For

Hashtag.net.au - avatar Hashtag.net.au

"Discover top online medical certificate services! Essential features to look for to get trusted and efficient results." Choosing high-quality services is essential for ensuring reliable, efficient, ...