Tagged: citi

Enterprise DLT Firm R3 Enables Digital Bond on Euroclear

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

Citi, Navan Launch Travel, Expense System for Commercial Bank Clients

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

Citi Now Connected to Versana Digital Data Platform, Enabling Syndicated Loans in Real-Time

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

UK’s ThinCats Finalizes £700M Funding Facility Using British Business Bank’s ENABLE Guarantee Program

ThinCats, an alternative lender, has agreed a new warehouse facility with Citi and Barclays Bank PLC supported by a guarantee through the British Business Bank’s ENABLE Guarantee program. This new facility supports lending of “up to £696m for mid-sized smaller businesses in the UK, making… Read More

Citi Securities Services to Become Digital Custodian on BondbloX Bond Exchange

Citi Securities Services announced that it has become the first digital custodian participant of BondbloX Bond Exchange (BBX), the fractional bond exchange using the latest in distributed ledger technology. BBX was launched in 2020 to simplify bond investing by “allowing investors to track and trade… Read More

Citi Selects Foro Holdings to Scale Bridge Built by Citi Platform via Strategic Acquisition

Citi (NYSE: C) announced the acquisition of its Bridge built by Citi® platform (“Bridge”) by Foro Holdings, Inc. (Foro), a Charlotte-based commercial lending services provider. As part of the transaction, Citi contributed Bridge to Foro and “joined Foro’s investors, including TTV Capital (TTV), US Bank… Read More

Latin America: Citi Makes Strategic Investment in Rextie, Peru’s Fintech for FX Services

Citi (NYSE: C), which claims to be a global leader in foreign exchange (FX) markets, has made a strategic investment in Rextie, Peru’s fintech for FX services. The investment makes Rextie Latin America’s first FX fintech “to receive an investment from one of the largest… Read More

Fintech Open Source Foundation (FINOS) Introduces Open Standard Project for Financial Services Common Cloud Controls

The Fintech Open Source Foundation (FINOS), the foundation of open innovation in financial services and part of the Linux Foundation, announced the formation of an open standard project, based upon an approach developed by FINOS Platinum Member Citi, in order “to describe consistent controls for… Read More

Citi Introduces Electronic Trade Loan Facilities for US Citi Commercial Bank Clients

Citi (NYSE: C) has launched its Trade and Working Capital eLoans solution for its U.S. CCB clients. The solution is designed to help clients “meet their current and projected working capital needs through loan advances via Citi’s easy to use and secure eLoans platform.” The… Read More

Citi Commercial Bank Introduces Digital Client Platform

Citi (NYSE: C) has announced the launch of a new platform, CitiDirect Commercial Banking, specifically to address the needs of Citi Commercial Bank (CCB) clients. This is part of Citi’s significant strategic investment plan “to meet the growing global needs of these clients by delivering… Read More

Citi TTS Selects Pismo to Enhance Demand Deposit Account Solutions

Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo’s technology platform to help strengthen Citi’s corporate demand deposit accounts (DDA), to clients worldwide. Citi TTS continues “to migrate its… Read More

FIA Tech, a Futures Industry Technology Provider, Raises Additional $25.4M

FIA Tech, which claims to be a leading futures industry technology provider, announced that it raised an additional $25.4 million in a funding round “led by six existing shareholders, Bank of America, Barclays, Citi, Goldman Sachs, J.P. Morgan and Wells Fargo, in addition to BNP… Read More

Unlimited Raises $8M Series A to Continue Making Alternative Investment Strategies Available to Investors

Unlimited, a new investment firm that gives all investors exposure to the alpha-generating potential of alternative investment strategies without the high fees and adverse tax implications of typical fund structures, announced that it has “raised $8 million in Series A financing led by FirstMark and… Read More

Real Estate Fintech Built Technologies Secures Investment From Citi

Built Technologies, which claims to be one of the fastest-growing construction and real estate software providers in the U.S., has announced a strategic investment from Citi through its SPRINT program. Citi SPRINT (Spread Products Investment Technologies), the strategic investing arm of Citi’s Global Spread Products… Read More

Citi Introduces Sustainable Time Deposit Solution to Support US Institutional Clients

Citi (NYSE: C) has announced the launch of a new sustainable time deposit solution designed to assist U.S. institutional clients when investing excess cash while supporting their sustainability goals. Citi’s new Sustainable Time Deposit (TD) will “deliver competitive yields and supports projects identified under Citi’s… Read More

Singlife Enhances Investment Capabilities via Tech Partnership with Citi, BlackRock

Homegrown financial services company Singlife has appointed Citi and BlackRock Aladdin to “provide it with a comprehensive technology platform to unify and transform its asset management capabilities across its front, middle and back-office offering.” Citi and BlackRock Aladdin previously “entered into an alliance to leverage… Read More

Walmart, Citi Introduce Bridge to Walmart Suppliers

Walmart (NYSE: WMT) and Citi (NYSE: C) are collaborating to introduce the Bridge built by Citi platform (Bridge) to Walmart’s 10,000 small- and medium-sized businesses (SMBs) in their US-based supplier network. Bridge is “a digital platform that connects SMBs with a diverse group of more… Read More

Citi Consolidates eFX Trading Platforms into Velocity 3.0

CitiFX has consolidated its portfolio of eFX trading platforms for corporate and professional investor clients. Velocity 3.0, the new single dealer is “an operating system that delivers CitiFX Pulse, Citi Velocity Trading, Citi Velocity Research and CitiFX Click.” The platform “rebuilds CitiFX’s client user interface… Read More

Zelle Creators Look to Create Digital Wallet as Payments and Cash Become More Digital: Report

In a move that should come as no surprise – except for the delay in moving forward on the strategy – the big banks that helped to found Zelle are creating their own digital wall, according to a report. The seven banks, including Citi, Bank… Read More

Risk Management Firm Acin Receives Investment from JP Morgan, Citi, BNP Paribas, Barclays, Lloyds Banking Group

Acin, the global operational risk control data network, announced it has closed $24 million in Series B funding from a strategic consortium of banks, “comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.” The investment round was also “supported by existing investors… Read More

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