Citibank’s new innovation lab chief, Gulru Atak, has told Coindesk this week that the bank will no longer be working to develop a cryptocurrency for cross-border payments. Citibank’s investigation into the possible creation of a “Citicoin” cryptocurrency reportedly began at the company’s Dublin innovation lab… Read More
U.S. fintech startup Kyriba Corp. announced on Tuesday it has formed a partnership with Citi to launch a new API integration that gives clients access to faster payments, more transparency and better standardization in more than 160 countries and jurisdictions. Kyriba reported that the API integration… Read More
Reserve Bank of Australia Assistant Governor Michelle Bullock told audiences at the Sibos Conference in Sydney this week that she does not believe Australia and other central banks have any reason to create a national digital currency settled on blockchain, Financial Review (FN) reports. Sibos is… Read More
Financial giant Citi (NYSE: C) announced on Tuesday the launch of its new global solution, Citi Virtual Accounts. According to Citi, the new Citi Virtual Accounts allow clients to segregate their balances under a single physical account, providing enhanced visibility, control, and efficiencies through centralized payments, receivables,… Read More
Banking giant Citi announced on Thursday its Treasury and Trade Solutions has entered into a strategic partnership with HighRadius, a software company specializing in cloud-based integrated receivables, to launch Citi Smart Match. The new partnership follows a strategic investment made by Citi Ventures in HighRadius earlier… Read More
Citi announced on Thursday it has teamed up with Computershare to launch its new digital platform for proxy voting, Proxymity, through the company’s D10X program. According to Citi, by using a core algorithm to streamline the flow of information between intermediaries, Proxymity maximizes the accuracy and transparency… Read More
Citi announced on Tuesday that six strategic partnerships with leading corporations in Hong Kong to accelerate the development of open Application Programming Interface (API) in the city and to make available what the financial giant calls “easy and speedy” banking services in response to consumers’ increasingly digital… Read More
Pagaya Investments, a Fintech company in the asset management space, has received $75 million in debt financing from Citi. Simultaneously, Pagaya announced the creation of the “Opportunity Fund” to meet growing institutional interest in consumer credit as an asset class. Launched in2016, Pagaya has raied… Read More
As Oprah Winfrey put it during her acceptance speech at the Golden Globes on January 7th, 2018. The reverberations of her words have re-ignited, for anyone who thought it was a just a trend, the importance of #metoo, the industry-agnostic movement. Actually, it is all-encompassing… Read More
On Tuesday, banking giant Citi announced the launch of its new beta-testing customer community, Canvas Designed by Citi, which promotes financial wellness. According to Citi, the new community enables customers to co-create products and digital capabilities that promote their financial wellness. It will use data across a… Read More
On Wednesday, Chinese peer-to-peer (P2P) lending platform Hexindai announced it has appointed Citi’s Issuer Services business as the depositary bank for its American Depositary Receipt (ADR) program. According to the online lender, the program was established through an initial public offering of its American Depositary Shares (ADSs), priced… Read More
Banking giant Citi today announced on Thursday the new functionality for the Citi Mobile App for Android, offering access to banking and wealth management capabilities with a user-friendly design. Citi FinTech developed the new mobile features for Android following last year’s launch for iPhone. The… Read More
LendInvest, a Fintech marketplace platform for property finance, has agreed a long-term warehouse facility with Citi boosting its entry into the UK’s £40 billion buy-to-let (BTL) market. Under the terms of the financing, Citi will provide a funding line to LendInvest that will be used… Read More
Citi (NYSE: C) has announced award recipients for their Tech for Integrity Challenge (T4I) Demo day which took place in Dublin yesterday. According to Citi, Fintech developers from eight different countries participated to present working prototypes of their Fintech applications. The award recipients from the… Read More
FinTech Circle has formed a partnership with Cape Innovation and Technology Initiative (CiTi) to launch FinTech Academy Africa. The companies revealed that the new program is geared towards those interested looking more about fintech and the curriculum was designed to deliver a comprehensive understanding of the… Read More
On Thursday, Citigroup announced it appointed Yolande Piazza as the permanent head of its fintech unit, Citi Fintech. According to PYMNTS, Piazza assumed the role as interim head in August when previous chief executive of Citi Fintech, Heather Cox, left the company. Stephen Bird, chief… Read More
On Tuesday, banking giant Citi has teamed up with IBM and its other allies to launch the Citi Tech for Integrity Challenge (T4I), which is described as a program that seeks to encourage technology innovators from around the globe to create solutions to promote integrity, accountability,… Read More
Citi’s latest report, “Digital Disruption – Revisited: What FinTech VC Investments Tell Us About a Changing Industry”, explores the evolving fintech industry. In exploring different regions around the world, the report concludes: China’s rapid digitalization and rise of the middle class — combined with declining… Read More
Citi FinTech, a unit within Citi’s Global Consumer Bank, announced on Thursday the launch of its first product, the Citi Mobile App for iPhone. This new app combines banking, wealth management, and money movement capabilities, which were developed by the fintech group. While sharing details… Read More
eOriginal, Inc., a service for businesses that need to verify “secure, legally compliant and enforceable electronic asset documentation”, announced earlier this month that private equity firm LLR Partners has led investments in the company totaling $26.5 million. The 20-year-old company will use the capital to expand its… Read More
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