Mandates and payments roundup, June 14

Citi opens a new smart banking branch in Malaysia, while Travelex announces that its customers will be able to trade in renminbi through its GEO global clearing network.

Citi opens smart banking branch in Malaysia

Citi has opened its first and largest smart banking branch in the region in Malaysia. The new branch provides a range of technology services that include Citi media wall and interactive media wall, service browser, work bench, private briefing room and a video conferencing facility.

“Using technology as an enabler, we are giving customers control over their banking needs. Customers can open a savings account, place a time deposit or apply and get approval for a credit card within an hour here at our branch, on their own,” said Fabio Fontainha, head of consumer markets for Citi’s business in Malaysia,...

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