> The actual work of entering this transaction into Flexcube fell to a subcontractor in India named Arokia Raj.
> Citibank's procedures require that three people sign off on a transaction of this size. In this case, that was Raj, a colleague of his in India, and a senior Citibank official in Delaware named Vincent Fratta.
The names of these individuals seems like an unnecessary detail, especially since the article names the software interface as the culprit. I can't help but think about the recent NYT/SSC incident.
> Citibank's procedures require that three people sign off on a transaction of this size. In this case, that was Raj, a colleague of his in India, and a senior Citibank official in Delaware named Vincent Fratta.
The names of these individuals seems like an unnecessary detail, especially since the article names the software interface as the culprit. I can't help but think about the recent NYT/SSC incident.