Citibank has licensed software from Sanchez Computer Associates Inc., a software developer that plans to introduce its core processing software to banks via a back door-as a support for remote banking applications.

A Citibank spokesman said the bank plans to use the Profile/Anyware software to handle processing for deposit and loan products, but he declined to give further details. He would not disclose the exact size of the multimillion-dollar deal.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.