Tagged: citi

April 16, 2021 @ 8:45 am By Omar Faridi  |  

Manish Kohli, Global Head of Payments and Receivables at Citi (NYSE:C), notes that at the leading banking institution, they’re using APIs to facilitate payments, to digitize the “client experience” and “ultimately to help change our client’s evolve to real-time, 24×7 direct to consumer business models.”… Read More

April 8, 2021 @ 10:17 pm By Samantha Hurst  |  

  Inter-American Development Bank (IDB) announced on Thursday it has teamed up with CITI Innovation Labs to create cross-border payments from the U.S. to countries in Latin America and the Caribbean using blockchain and tokenized money. According to IDB, The LACChain Blockchain Network-enabled several disbursements… Read More

April 8, 2021 @ 7:53 am By JD Alois  |  

auxmoney, a marketplace lender based in Germany, has received €250 million for loans from Citigroup and Chenavari Investment Managers. Chenavari is a credit-focussed asset manager with core expertise in European markets. auxmoney reports that it is now co-investing for the first time alongside partners as… Read More

March 31, 2021 @ 7:53 am By Omar Faridi  |  

Capitolis, an established software-as-a-service or SaaS platform that aims to promote financial resource “optimization” for capital markets, has revealed that it finalized a $90 million Series C funding round that was led by Andreessen Horowitz or a16z, a Silicon Valley VC firm that regularly backs… Read More

March 24, 2021 @ 10:02 am By Samantha Hurst  |  

  Citi announced on Tuesday it has teamed up with fintech firm Sharegain to launch an automated securities lending solution specifically for wealth managers. Citi reported that through the solution, wealth managers may deliver a securities lending program to their customers, giving them the opportunity to earn… Read More

March 8, 2021 @ 3:32 pm By Samantha Hurst  |  

  Citi announced on Monday the launch of a new service for its institutional clients that speeds up the processing of their cross-border payments through the digitization of supporting documents. Citi reported the service, which is being rolled out initially in South Africa, is claimed… Read More

March 2, 2021 @ 3:54 pm By JD Alois  |  

Recently there has been a flurry of commentary regarding the future of crypto due in part to the rapid rise in price of Bitcoin and high profile purchases by corporates like Tesla. According to a report in Bloomberg, Citibank said we could be “at the… Read More

February 28, 2021 @ 7:33 pm By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, notes that digitalization “dramatically accelerated” in order to address the challenges of 2020. Banking Circle writes in a blog post that having had to innovate (and fast) due to the socioeconomic challenges created by COVID-19, banking institutions are now… Read More

January 22, 2021 @ 11:11 am By Samantha Hurst  |  

Citi announced on Thursday it has launched a new suite of intelligent execution algorithms for global listed derivatives. These algorithms have been specifically engineered for the futures markets and are available across all major exchanges in the North America, Europe, and Asia Pacific regions. According… Read More

January 10, 2021 @ 9:28 pm By Omar Faridi  |  

Citi and Grab, which is Southeast Asia’s super app, have extended their partnership in consumer lending with the introduction of the bank’s API-powered lending solution for consumers in the Asia Pacific (APAC) region. Starting off in Singapore with additional markets in the APAC region to… Read More

December 19, 2020 @ 7:13 pm By Omar Faridi  |  

Citi (NYSE:C) is developing a new marketplace of third-party Fintech platforms and services. The bank has reportedly signed data access agreements to customer-approved accounts with 8 startups and data aggregators. Citi’s clients will be offered a secure way to share their account details with various… Read More

December 3, 2020 @ 1:21 pm By JD Alois  |  

In another nail in the coffin of brick and mortar banking, Stripe has announced Stripe Treasury, a platform that will allow users to leverage APIs to embed or leverage financial services such as savings accounts. In an extensive announcement Stripe said it was also partnering… Read More

November 13, 2020 @ 2:39 pm By Omar Faridi  |  

UK-headquartered low code application developer Dextcloud has reportedly received an investment from Citi. The amount invested by Citi has not been disclosed, however, it’s notably the second such deal finalized by the US-based bank in the past two months. Dextcloud offers firms a low code… Read More

October 14, 2020 @ 9:00 am By Emma Channing  |  

Back in December, I wrote a piece for Coindesk’s Year in Review 2019 entitled “Security Token Offerings Are (Finally) Set for Takeoff in 2020”.  This was before word of COVID-19 became widespread and before many of the cataclysmic events of 2020 were even imaginable.  Thus… Read More

October 6, 2020 @ 10:43 am By Omar Faridi  |  

Stephen Murphy, CEO at Genesis, a leading Low Code Application Platform (LCAP) and solution provider for the financial markets, has confirmed that his company has received a “strategic” investment from Citi (NYSE:C). The capital will be used to accelerate the growth of the company’s operations… Read More

September 10, 2020 @ 9:47 pm By Samantha Hurst  |  

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

August 30, 2020 @ 8:11 pm By Omar Faridi  |  

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

August 3, 2020 @ 6:49 pm By Omar Faridi  |  

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

May 15, 2020 @ 8:12 am By JD Alois  |  

  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

May 5, 2020 @ 9:44 am By Samantha Hurst  |  

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