Wipro under the spotlight for Citibank's $900 million mess
Wipro under the spotlight for Citibank’s $900 million mess © Dinesh Unnikrishnan Wipro under the spotlight for Citibank’s $900 million mess Global banking major Citibank relies on a so-called “six eyes" protocol for high-value transactions. It simply means at least three people must approve large sums of money transfers. The extra pairs are deployed as a measure of precaution. Think of it like three scientists carefully examining a rocket before it is fired into space. On August 11, 2020, Citi was set to transfer $8 million to lenders of cosmetics company Revlon in its capacity as a ...
Source: msn.com