Tagged: citi

U.S. SaaS Platform Capitolis Scores Strategic Investment From Citi, JP Morgan, & State Street

Capitolis, a U.S.-based SaaS platform that drives financial resource optimization for capital markets, announced on Thursday it secured a strategic investment from Citi, J.P. Morgan and State Street. Founded in 2017, Capitolis claims its network software enables financial institutions to optimize their balance sheets, which… Read More

Copenhagen Fintech Partners with United Nations Development Fund to Launch Operations in Singapore to Address Climate Change, Alleviate Poverty

Copenhagen Fintech, a Denmark based organization supporting financial technology, is teaming up with the United Nations Development Program (UNDP) and several other organizations in order to help Nordic Fintechs with launching operations in Singapore. The initiative is aimed at assisting Nordic Fintechs with setting up… Read More

BNY Mellon, Citi, Visa, Others Invest $35 Million in Volante Technologies to Accelerate Fintech Firm’s Cloud Expansion Globally

Volante Technologies Inc., a provider of payments and financial messaging solutions in the cloud, revealed on August 3, 2020, that it has secured $35 million in growth equity financing. The latest investment into Volante’s operations was led by Wavecrest Growth Partners, along with participation from… Read More

Fintech Spark Systems Raises S$ 15 Million

  Singapore based Fintech Spark Systems has closed on a “Series BB” funding round raising S$15m (USD $10.5m). The funding comes from Citi and HSBC as well as OSK Ventures. They will join the existing investor base including; Vickers Venture, Dymon Asia Ventures, Dymon Asia… Read More

Digital Investor Communications Platform Proxymity Raises $20.5 Million Through Strategic Investment Round & Forms Global Consortium

Proxymity, a digital investor communications platform that was developed within Citi’s Institutional Clients Group, announced on Tuesday it has raised $20.5 million in a strategic round of investment, with participation from BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street. The… Read More

Citi Increases Equity Stake in komgo, an Ethereum-powered Enterprise Blockchain Platform for Trade Financing

New York-based Citi, an American multinational investment bank and financial services corporation with over $1.9 trillion in total assets, has reportedly increased its equity stake in komgo, a company that’s developing an Ethereum (ETH)-powered enterprise blockchain platform for trade financing. Citi confirmed that it began… Read More

Like Many Other Banks, Citi Closes Some of its Branches Due to COVID-19

Citi is the most recent traditional bank to tell customers that some branches are closed due to the Coronavirus pandemic. Citi operates over 4600 branches around the country.  A report in Bloomberg today laid the blame at the drop in foot traffic to the bank… Read More

Banking Challenger Judo Bank Signs $350 million Committed Facility with Multinational Financial Giant Citi

Banking challenger Judo Bank has reportedly agreed to a three-year long, $350 million committed facility with giant multinational bank Citi. This should help Judo Bank provide funding to small businesses that may be struggling to meet expenses due to the coronavirus (COVID-19) outbreak. The commitment… Read More

Citi Unveils Digital Investment Platform “Citi Wealth Builder”

Citi announced on Thursday the launch of its new tool Citi Wealth Builder, which is described as a digital investing platform with professionally managed portfolios that, in a matter of minutes, helps new and existing customers get on track and stay on track to meet… Read More

YieldStreet Announces New Partnership With Citi For Access to Private Credit Opportunities Delivery

YieldStreet, an online marketplace for a diverse array of asset-backed investments, announced on Wednesday it has formed a new partnership with Citi to access investment opportunities across private credit markets, which includes Real Estate, Aviation, Shipping, Telecommunications, as well as other structured credit products. YieldStreet… Read More

Citi Announces Expansion of Partnership with PayPal for Institutional Payments

Citi (NYSE: C) and PayPal (NASDAQ: PYPL) announced on Monday they have expanded their partnership to enable Citi’s institutional clients to make payments into customers’ PayPal digital wallets. According to the duo, the extended partnership brings together Citi’s large global network and client base of… Read More

AccessFintech Partners With Citi, Credit Suisse, Goldman Sachs, & JP Morgan For Global Data Network Utilization

Fintech

AccessFintech, a UK-based fintech firm, announced on Monday it has formed a partnership with Citi, Credit Suisse, Goldman Sachs and JP Morgan. According to AccessFintech, Citi, Credit Suisse, Goldman Sachs, and J.P. Morgan have jointly launched a collaboration workflow utilizing the network to focus on… Read More

Citi Selected as “World’s Best Digital Bank” for 18th Consecutive Year by Global Finance Magazine

New York-based Citigroup Inc.,  (NYSE:C)an American multinational investment bank and financial services corporation, has been named the “World’s Best Digital Bank” by Global Finance Magazine. Notably, this is the 18th consecutive year that Citi has been ranked as the best digital bank worldwide by the… Read More

Citi Announces Launch of Cross-Border B2B Payments Platform

Citi announced on Wednesday it has launched a new cross-border platform to help its multinational clients manage the complexities in collecting cross border business-to-business payments. According to Citi, Citi Global Collect will help multinational clients continue to extend their global reach. The financial group claims… Read More

Code Name Cache: Google to Offer Consumer Checking as it Pushes Deeper into Fintech

Global tech giant Google is pushing further into Fintech with the revelation of a forthcoming consumer checking service. First reported in WSJ.com, Google is expected to partner-up with Citigroup, along with a small credit union at Stanford University, to provide checking accounts. The project is… Read More

Citi’s Treasury and Trade Solutions Releases New Supplier Finance Offering for Transacting in Major Currencies for Settlement

Citi’s Treasury and Trade Solutions (TTS) has released a new Citi Supplier Finance offering, with WorldLink Payment Services (WorldLink). The solution provides access to platforms that allow users to transact in several major currencies for settlement. Citi’s new solution is currently available in the US…. Read More

Citi Teams Up with Software Fintech Cachematrix to Launch Refreshed Digital Investment Portal

Citi announced on Tuesday it has formed a new partnership with Cachematrix, a software as a service fintech firm that is focused on simplifying cash management, to launch refreshed digital investment platform. “The new Online Investments MMF solution will allow treasury professionals to manage their… Read More

U.S. Analytic & Data Solution Group T-REX Completes Strategic Funding Round With Citi, Westly, & Viola Fintech

Fintech

T-REX, a U.S.-based analytics and data solution for complex investments, announced on Wednesday it has completed its strategic funding round, which was led by Citi (NYSE: C), the Westly Group, and Viola Fintech, with participation from innogy (ETR: IGY) and Macquarie Capital.  Founded in 2012, T-REX… Read More

Old Banks Continue to Invest in Fintech Led by Goldman Sachs, Citi & JP Morgan Chase

Old finance continues to leverage one of its most valuable assets: lots of money. While traditional banks may struggle to innovate and adapt they continue to do what they do best which is to spend money on emerging tech to hedge against a sectorial shift…. Read More

Citi Hong Kong Announces New Digital Payment Solution That Enables Credit Cardholders to Settle Big Ticket Payments on Citi Mobile App

Citi Hong Kong announced last week the launch of Citi PayAll, a payment solution that enables Citibank credit cardholders to settle one-off or recurring payments on the Citi Mobile App using their credit card while earning Points at the same time. According to Citi Hong… Read More

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