Tagged: citi

Citi Wealth and Hildebrandt Consulting Examine How Law Firms are Responding to Market Challenges

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

European Fintech iwoca Secures £200 Million in Debt Funding

European SME lender iwoca has reportedly secured £200 million in debt funding. Fintech iwoca, which claims to be one of Europe’s biggest SME lenders, announces a new £200m package of debt funding from Citi and Waterfall Asset Management and reportedly doubles its SME loan offer… Read More

Citi Token Services Marks Key Milestone in Providing Transaction Banking Services to Institutional Clients

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 Citi’s journey to deliver real-time transaction banking services to some of its global clients…. Read More

Citi and Apollo Introduce $25 Billion Private Credit, Direct Lending Program

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

Artificial Intelligence Expected to Play Increasingly Important and Transformative Role in Banking – Report

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

Numerated Secures Investment from Citi to Improve Offering of Financial Analysis for Commercial Lending

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

Citi Introduces Real-Time Funding for Corporate Clients, Expanding Treasury Suite Solutions

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

Citi, Deutsche Bank, Mastercard, Northern Trust and Centrifuge Provide Insights on Paths to Asset Tokenization

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

Hyperledger Foundation Announces Citi and Brazilian Development Bank as New Members

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

Core Banking Fintech Tuum Receives Investment from Citi Ventures

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

United Fintech Acquires Investments from BNP Paribas and Citi

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

Digital Money Symposium – London

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

Citi Tests Tokenization Working with WisdomTree, Wellington Management

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

Citi Retail Services Selects ChargeAfter as Tech Provider for Pay Products Suite

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

Fintech SellersFi Closes Credit Facility with Citi and Fasanara Capital for $135M with Potential to Grow Up to $300M

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

Colombian Cross-Border Payments Fintech Supra Receives Investment from Citi and Others

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

Citi and Traydstream to Provide Access to Automated Trade-Document Processing Capability

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

Citi Finalizes Sale of Indonesia Consumer Banking to UOB

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

Defacto, the Embedded B2B Lending Platform, Secures Additional €10M from Citi Ventures, Others

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

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