2025 Citi Hildebrandt Client Advisory reports significant law firm industry revenue growth was driven by increasing demand. Demand was pivotal to growth in 2024, ignited by a diverse range of law firm practices including “litigation, regulatory, bankruptcy.” Optimism will continue as a key theme in… Read More
Read more in: Artificial Intelligence, Global | Tagged citi, hildebrandt
DailyPay, Inc., a worktech company and provider of earned wage access, today announced it has secured an additional $100 million commitment to its secured credit facility capacity from Citi. The commitment doubles Citi’s commitment from $100 million to $200 million. DailyPay‘s total revolving secured debt… Read More
Read more in: Fintech | Tagged dailypay, earned wage access, ewa
Citi (NYSE:C) announced that Citi Token Services for Cash has moved from a pilot program to a live commercial solution, facilitating transactions for institutional clients. This marks a key milestone in Citiās journey to deliver real-time transaction banking services to some of its global clients…. Read More
Read more in: Fintech | Tagged citi, digital technology, digital transformation, digtitalization, payments
Citigroup Inc. (NYSE: C) and Apollo (NYSE: APO) announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential… Read More
Read more in: Fintech, Global | Tagged apollo, citi, citigroup, digital financial services
A million-dollar price tag no longer means lavish and luxurious living. In more than 200 U.S. cities, buyers will find “a price tag of $1 million or more on the typical starter home,” a new Zillow (Nasdaq: Z and ZG) analysis finds. The Zillow real… Read More
Read more in: Real Estate | Tagged real estate, research
The Office of the Comptroller of the Currency (OCC) has recently issued an amendment to its October 7, 2020, Cease and Desist Order against Citibank, N.A, Sioux Falls, South Dakota, related “to deficiencies in enterprise-wide risk management, compliance risk management, data governance, and internal controls… Read More
Read more in: Politics, Legal & Regulation | Tagged citibank, enforcement action, occ, us
Pakistan based Fintech firm Sadapay has reportedly laid off around 30% of its employees, which includes sevearl C-suite execs, according to an update shared by local sources. Sadapay claims that the layoffs were made due to cost-cutting measures and the decision was announced during a… Read More
Read more in: Fintech, Asia, Opinion | Tagged fintech adoption, layoffs, pakistan, sadapay
Peterborough is ranked the best city to work for a small business in Britain, according to new research compiled by iwoca, one of Europeās small business lenders. iwocaās āTop 25 Towns & Cities for SME Jobsā list ranks areas “using ONS data on average wage,… Read More
Read more in: Fintech, General News, Global | Tagged iwoca, research, small businesses, uk
Numerated has announced a strategic investment from Citi (NYSE:C). Citi will also engage Numerated to “provide its financial spreading solution for the bankās enterprise lending operations.” Numerated is a modular commercial lending platform “delivering efficient experiences to any or all parts of the credit process.”… Read More
Read more in: Fintech | Tagged banking, citi, lending, numerated
Citi (NYSE:C) announced the launch of Citi Real-Time Funding (RTF), the latest addition to its real-time treasury suite of solutions for corporate clients. Citi Real-Time Funding is now “available in Australia, Hong Kong and the United Kingdom, with plans to expand to additional markets later… Read More
Read more in: Fintech | Tagged banking, citi, real-time funding, real-time treasury solutions
A group of financial institutions and Web3 innovators have contributed to an in-depth paper on a path to achieve interoperability for tokenized assets across public blockchains, private blockchains and legacy systems. Released recently, āInstitutional Interoperability: How Financial Institutions Navigate a Multichain Worldā addresses how to… Read More
Read more in: Blockchain & Digital Assets, General News, Global | Tagged citi, deutsche bank, mastercard, tokenization
The U.S. real estate market has a record-high 550 “million-dollar” cities ā cities where the typical home is worth $1 million or more ā a new Zillow (Nasdaq: Z and ZG) analysis shows. That is 59 more million-dollar cities than a year ago,Ā “reversing losses… Read More
Read more in: Real Estate | Tagged property market, real estate, research, united states
Hyperledger Foundation, the open, global ecosystem for enterprise-grade blockchain technologies, announced Citi and the Brazilian Development Bank (BNDES) as new members. Additionally, the foundation unveiled a new Hyperledger Besu Financial Services Working Group, chaired by DTCC, that will “support operationalizing the open source Ethereum client… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged blockchain adoption, brazil, citi, dlt, hyperledger foundation
Tuum, the core banking provider today announces that Citi Ventures, a venture capital arm of US-headquartered Citigroup, has become a strategic investor in the company as a follow-on from Tuumās recently announced series B fundraising. At the start of February, Tuum announced “a EUR25m Series… Read More
Read more in: Fintech | Tagged banking, citi, citi ventures, funding round, tuum
BNP Paribas (EPA: BNP) and Citi (NYSE:C) have become the first institutional investors in United Fintech Group Limited, a neutral Digital Transformation Platform, as part of a strategic investment round led by Citi. United Fintech is also in advanced talks “with other leading strategic investors… Read More
Read more in: Global, Fintech | Tagged bnp paribas, christian frahm, citi, fintech adoption, fintech trends, funding round, junaid baig, united fintech group
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Citi (NYSE:C) says it has successfully completed a proof of concept regarding the tokenization of private funds. The firm partnered with WisdomTree and Wellington Management on the project. Tokenization refers to the digitization of assets, including securities. Typically, a tokenized asset will utilize blockchain or… Read More
Read more in: Blockchain & Digital Assets, Uncategorized | Tagged abn amro, citi, tokenization, wellington management, wisdomtree
ChargeAfter, the embedded lending platform for point-of-sale financing announced that Citi Retail Services, one of North America’s largest and most experienced retail payments and credit solution providers, selected ChargeAfter as a technology provider “for its Citi Pay products, including Citi Pay Credit and Citi Pay… Read More
Read more in: Fintech | Tagged chargeafter, citi, citi retail services, credit solution provider, digital technology, embedded lending, north america, point-of-sale financing, product update, retail payments
SellersFi, a global financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135MM with the potential to grow up to $300M as SellersFi expands. The senior capital is provided “by Citi with a portion from Fasanara… Read More
Read more in: Fintech, General News, Global | Tagged abhi chakraborty, citi, credit facility, fasanara capital, financial technology, francesco filia, ricardo pero, sellersfi, startups
Citi (NYSE: C) has led a strategic investment round in Supra. Far Out Ventures and H20 Capital also participated in the financing round. Supra is a Colombian fintech that “enables cross-border payments and treasury solutions for small and medium-sized businesses (SMBs) that participate in import… Read More
Read more in: Fintech, Global | Tagged citi, colombia, far out ventures, financial services, financing, funding round, h20 capital, investment round, investments, latam, latin america, South America, supra
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