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
Citi Global Perspectives and Solutions has released a report AI & Finance: Bot, Bank & Beyond. The report analyzes the role that artificial intelligence (AI) might play in “changing the way both consumers and corporates bank.” From the likely use of autonomous agents executing client… Read More
Read more in: Fintech, General News, Global | Tagged banking, citi, research
Numerated has announced a strategic investment from Citi (NYSE:C). Citi will also engage Numerated to “provide its financial spreading solution for the bank’s 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, “Institutional Interoperability: How Financial Institutions Navigate a Multichain World” addresses how to… Read More
Read more in: Blockchain & Digital Assets, General News, Global | Tagged citi, deutsche bank, mastercard, tokenization
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 Tuum’s 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’s 11th Annual Digital Money Symposium will take place in London on 25th June 2024. The event will consist of a series of fireside chats, presentations, and panel discussions on a range of global Fintech topics. We seek to bring together various practitioners in the Fintech… Read More
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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
Citi (NYSE: C) has announced it will collaborate with Traydstream, a provider of innovative trade documentation solutions to “provide clients with access to a cutting edge and automated trade-document processing capability.” The collaboration provides clients “with an opportunity to leverage a vast array of pre-loaded… Read More
Read more in: Fintech | Tagged citi, document processing, sameer sehgal, traydstream, valeria sica
Citi (NYSE: C) announced it has successfully completed the sale and full migration of its Indonesia consumer businesses to UOB Indonesia (UOBI). The sale includes retail banking, credit card, and unsecured lending businesses, “as well as the transfer of employees.” Citi and UOB first announced… Read More
Read more in: Fintech, Asia, Global | Tagged batara sianturi, citi, consumer businesses, financial services, indonesia, southeast asia, titi cole, uob, uob indonesia
Defacto, the instant, embedded B2B lending platform, has raised an additional €10 million from new investor Citi Ventures and existing investors Northzone, Headline and Global Founders Capital to bolster its Series A funding. This investment will be used “to transform Defacto’s instant lending platform into… Read More
Read more in: Fintech, Global | Tagged b2b, citi, citi ventures, embedded finance, financial services, global founders capital, headline, investment round, northzone
R3, an enterprise-focused permissed blockchain provider, is reporting that its Corda technology has enabled the first digital bond issuance on Euroclear’s International Central Securities Depository (ICSD). The SSA, or “supranational, sovereign and agency bond,” was issued by the World Bank, with Citi (an investor in… Read More
Read more in: Blockchain & Digital Assets, Featured Headlines, Global | Tagged citi, david rutter, euroclear, r3, td securities, world bank
Citi and Navan, a modern travel and expense management solution, announced the launch of a new, jointly branded travel and expense system designed for Citi Commercial Bank (CCB) cardholders. The strategic agreement, which “combines Navan’s all-in-one solution and Citi’s leading commercial card solutions, leverages the… Read More
Read more in: Fintech | Tagged ariel cohen, citi, citi commercial bank, expense management, gonca latif-schmitt, travel, traveling
Versana announced that founding investor Citi (NYSE: C) is now connected to its transformative digital data platform, “enabling syndicated loans agented by Citi to be available to Versana’s growing subscriber base in real-time.” Citi joins Versana’s other three founding investors – Bank of America, Credit… Read More
Read more in: Fintech | Tagged citi, digital transformation, financial services, lending, loans, syndicated loans, versana
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