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Citibank To Offer Full Selection of Financial Products, Services OnlineThrough ZonaFinanciera.com Site
by Paradise News
Sept. 20, 2000 - ZonaFinanciera.com; Cit

      Citibank, a member of Citigroup, and ZonaFinanciera.com have formed a five-year, regional strategic alliance that will provide Citibank's financial products and services to Internet users in Latin America via ZonaFinanciera.com's online marketplace
     for personal finance, beginning this Fall. Citibank's Web site, supported by
     ZonaFinanciera.com, is a key component of Citibank's strategy to use its Internet offering to reach a global market of 500 million Spanish and Portuguese-speaking people.
      Citibank Latin America customers and ZonaFinanciera.com's users throughout
     the region will now have access to detailed information on Citibank loans,
     checking accounts, savings and investments, credit cards, insurance, brokerage
     and other services, customized by market.
      This is the latest in a series of recent announcements which demonstrates
     Citigroup's commitment to providing a comprehensive suite of online consumer
     financial products and services, accessible anywhere, on any device, at any
     time in a secure and private manner, as well as Citigroup's intent to become a
     major player in facilitating online consumer payments.
      "As an embedded local bank with an extensive global network, Citibank
     provides its customers with an unparalleled array of products and services to
     help them achieve their personal financial and investment objectives," said
     Fernando Amandi, managing director of Citibank Consumer Internet Business in
     Latin America. "Our partnership with ZonaFinanciera.com is a strategic step
     in our plan to continually improve our Internet offering and provide value-
     added features to our clients in Latin America via instant access to the
     industry's most innovative technology -- all within a secure financial
     services site."
      "ZonaFinanciera.com has gone beyond signing a traditional distribution
     agreement," said Eric Daniels, chief executive officer of ZonaFinanciera.com.
     "Citibank will not only have access to ZonaFinciera.com's customers, but will
     also leverage ZonaFinanciera's proven technology and innovative content
     platform to expand Citibank's proprietary Internet offerings in Latin
     America."
      The strategic partnership between Citibank and ZonaFinanciera.com marks a
     significant milestone for both parties. The agreement is also part of
     Citigroup's overall expansion into the high-technology sector, further
     consolidating its entrance into the Latin American online market. Citigroup
     is present in 100 countries around the globe with operations in 24 countries
     and territories in Latin America and the Caribbean.
      ZonaFinanciera.com shares Citibank's concern for online and confidential
     security on the Internet and employs 128-bit encryption, the highest level of
     encryption commercially available. ZonaFinanciera.com was recently named the
     first Latin American web site to be certified by the TRUSTe Privacy Program,
     an independent, non-profit organization whose mission is to build users' trust
     and confidence in the Internet by promoting the use of fair information
     practices. With certification by TRUSTe, ZonaFinanciera.com now bridges the
     gap between users' concerns over privacy and a web site's desire for self-
     regulated information disclosure standards, and proudly joins other TRUSTe
     licensees such as The Microsoft Network (MSN), CNET, ABC.com, ETRADE, Home
     Depot, Sports Authority, ZDNET, L.L. Bean and Land's End.
     
      About Citigroup
      Citigroup (NYSE: C), the premiere global financial services company,
     provides some 100 million consumers, corporations, governments and
     institutions in 100 countries with a broad range of financial products and
     services, including consumer banking and credit, corporate and investment
     banking, insurance, securities brokerage and asset management. The 1998
     merger of Citicorp and Travelers Group brought together such brand names as
     Citibank, Travelers, Salomon Smith Barney, CitiFinancial, and Primerica under
     Citigroup's trademark red umbrella.
      Citibank, a member of Citigroup, has been serving customers in Latin
     America for over 80 years, and today offers a variety of financial products to
     meet customers' needs. As one of the leaders in the financial industry,
     Citibank is dedicated to developing the best products, services and technology
     to meet the ever-changing demands of the market. For additional information
     please visit http://www.citigroup.com or http://www.citibank.com .
     
      About ZonaFinanciera.com
      Founded in 1997, ZonaFinanciera.com, http://www.ZonaFinanciera.com , is
     the premier personal finance marketplace for Spanish and Portuguese-speaking
     consumers and financial institutions that serve them. ZonaFinanciera.com's
     financial marketplace and community, available in Spanish, English and
     Portuguese, is customized to 21 countries and is a one-stop resource to
     research, comparison shop, buy and monitor financial products online.
     ZonaFinanciera.com offers consumers the ability to purchase banking,
     brokerage, insurance, auto and real estate products. ZFacil and NewsHarvester
     are registered trademarks of ZonaFinanciera.com
      As an ASP (Application Service Provider), ZonaFinanciera.com offers its
     entire technology platform to companies seeking to augment functionality and
     save valuable time and money in developing similar products.
      ZonaFinanciera.com has raised over $40 million to date from leading
     institutional investors, including Acon Investments, Capital Investors,
     Citicorp Strategic Technology Corporation (NYSE: C), Columbia Capital,
     Hartford Life Insurance, Marsh and McLennan Capital, Steve Walker and
     Associates, T. Rowe Price and The Washington Post.
      ZonaFinanciera.com is headquartered in Fairfax, Virginia, with offices in
     Argentina, Brazil, Chile, Colombia, Peru, Mexico and Venezuela. For more
     information, please contact ZonaFinanciera.com at
     information@zonafinanciera.com or visit our web site at
     http://www.zonafinanciera.com .
     
     SOURCE ZonaFinanciera.com
      -0- 09/20/2000
      /CONTACT: Jesus Rodriguez, lsucar@rbb.com, or Yezabel Varela,
     yvarela@rbb.com, both of Weber Public Relations Worldwide, 305-448-7450, for
     ZonaFinanciera.com; or Susan Weeks of Citigroup, 718-248-7580, or
     susan.weeks@citicorp.com; or Christina Ramirez of ZonaFinanciera.com,
     703-280-8090, or cramirez@ZonaFinanciera.com/
      /Web site: http://www.weberpr-worldwide.com /
      /Web site: http://www.citibank.com /
      /Web site: http://www.ZonaFinanciera.com /
     

Caribbean Business News PR
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New tax rates not what the governor promised
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Seaborne launching service from LMM Airport
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