Dynamics 365 Business Central Integration with Citibank Electronic Banking

Introduction to Citibank Integration

“Seamless, Secure, and Efficient Banking Integration”

In today’s fast-paced financial world, businesses need robust tools to manage their financial operations efficiently and securely. Microsoft AppSource is proud to introduce the Dynamics 365 Business Central Integration with Citibank Electronic Banking. This cutting-edge integration is designed to enhance your financial operations by providing seamless, secure, and efficient banking capabilities.

The integration between Dynamics 365 Business Central and Citibank electronic banking offers a comprehensive solution that streamlines your financial processes. With this integration, you can ensure smoother transactions and improved data security, allowing you to focus on growing your business.

Visit on Microsoft AppSource: Citibank Integration 

Key Benefits

By integrating Dynamics 365 Business Central with Citibank electronic banking, businesses can reap numerous benefits that enhance both security and efficiency. Here is a list of key benefits.

List of Benefits

• Enhanced security brings advanced encryption and secure connectivity methods protect your sensitive financial data.
• Improved efficiency brings seamless integration enables faster and more efficient financial transactions.
• Standardized processes support for pain.001 and CAMT053 formats ensures accurate and standardized financial messaging.
• Compliance adherence to industry standards and protocols ensures compliance with regulatory requirements.

Key Features

The Dynamics 365 Business Central integration with Citibank electronic banking comes with a range of features that are tailored to meet your financial needs. Here are the key features.

Post and Import Files from Citibank through H2H over SFTP

One of the standout features of this integration is the ability to post and import files directly from Citibank using Host-to-Host (H2H) connectivity over Secure File Transfer Protocol (SFTP). This ensures that your financial data is transferred securely and efficiently, reducing the risk of data breaches and improving transaction speed.

Manage pain.001 Formats for Payment Exports and CAMT053 for Import File Statements

The integration supports the management of pain.001 formats for payment exports and CAMT053 formats for import file statements. This allows for standardized and accurate financial messaging, ensuring that your payment instructions and account statements are processed correctly and promptly.

Encryption Security

Encrypt Prior to Posting to Citibank SFTP Server Using Citibank Supplied Public PGP Key and Decryption When Retrieved from Citibank SFTP Using End User Customer Private Key security is paramount in financial transactions. This integration provides robust encryption and decryption functionalities to protect your sensitive financial data. Before posting to the Citibank SFTP server, all files are encrypted using the Citibank supplied Public PGP Key. Upon retrieval from the Citibank SFTP server, files are decrypted using the end-user customer’s Private Key, ensuring that your data remains confidential and secure throughout the transfer process.

Utilise SFTP Access Provided by Citibank and Connectivity via SSH Key

The integration leverages the SFTP access provided by Citibank and connectivity via SSH key, offering an additional layer of security and ensuring that only authorized users can access the financial data. This secure connectivity method helps to protect your financial transactions from unauthorized access and cyber threats.

Summary

This new integration connects Dynamics 365 Business Central with Citibank Electronic Banking, offering a seamless, secure, and highly efficient solution for transforming financial operations. It is designed to modernize cash management by enabling direct Host-to-Host (H2H) communication over Secure File Transfer Protocol (SFTP). This core functionality allows businesses to securely and efficiently post and import files directly from Citibank, significantly improving transaction speed and reducing the reliance on manual or less secure file exchange methods.

A major emphasis of the integration is robust data security. Before posting sensitive data to the Citibank SFTP server, files are encrypted using the bank’s Public PGP Key. Similarly, files retrieved from Citibank are decrypted using the customer’s Private Key, ensuring end-to-end data confidentiality throughout the transfer process. Furthermore, the connectivity uses SFTP access and SSH Key authentication provided by Citibank, adding crucial layers of security to protect financial transactions from unauthorized access and cyber threats.

The integration also ensures standardization and compliance by fully supporting industry-standard financial messaging formats. Specifically, it manages the pain.001 format for payment exports and the CAMT053 format for importing account statements. By automating these processes and adhering to standardized protocols, the solution enhances overall efficiency, minimizes errors in payment instructions, and ensures compliance with regulatory requirements, allowing businesses to focus on growth.