Tagged: citi

March 26, 2020 @ 6:48 pm By Omar Faridi  |  

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

March 24, 2020 @ 3:41 pm By JD Alois  |  

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

March 19, 2020 @ 4:38 pm By Omar Faridi  |  

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

January 31, 2020 @ 8:46 am By Samantha Hurst  |  

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

January 8, 2020 @ 11:23 am By Samantha Hurst  |  

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

December 16, 2019 @ 12:05 pm By Samantha Hurst  |  

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

December 9, 2019 @ 2:05 pm By Samantha Hurst  |  

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

November 22, 2019 @ 11:47 am By Omar Faridi  |  

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

November 20, 2019 @ 2:52 pm By Samantha Hurst  |  

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

November 13, 2019 @ 9:32 am By JD Alois  |  

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

October 22, 2019 @ 7:04 am By Omar Faridi  |  

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

October 8, 2019 @ 11:09 am By Samantha Hurst  |  

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

September 5, 2019 @ 8:41 am By Samantha Hurst  |  

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

August 22, 2019 @ 8:39 am By JD Alois  |  

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

August 5, 2019 @ 3:44 pm By Samantha Hurst  |  

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

April 29, 2019 @ 12:26 pm By Samantha Hurst  |  

Citi Treasury and Trade Solutions announced last week it has formed a strategic partnership with Vietnam-based intermediary payment service provider Payoo to facilitate consumer-to-business collections for corporate clients in the country. Citi reported that under the partnership, its corporate clients in Vietnam will be able… Read More

March 19, 2019 @ 9:02 am By Cali Haan  |  

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

February 26, 2019 @ 1:01 pm By Samantha Hurst  |  

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

October 24, 2018 @ 11:21 pm By Cali Haan  |  

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

September 25, 2018 @ 10:28 am By Samantha Hurst  |  

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