Tagged: citi

February 26, 2024 @ 9:11 am By JD Alois  |  

Citi Annual Fintech Conference Webcast registration: https://kvgo.com/citi/q2-feb-2024

February 26, 2024 @ 9:08 am By JD Alois  |  

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

February 16, 2024 @ 12:18 pm By Omar Faridi  |  

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

February 8, 2024 @ 5:59 am By Omar Faridi  |  

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

December 19, 2023 @ 8:34 am By Omar Faridi  |  

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

December 13, 2023 @ 2:46 pm By Omar Faridi  |  

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

December 7, 2023 @ 10:28 am By Omar Faridi  |  

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

November 26, 2023 @ 9:50 pm By Omar Faridi  |  

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

November 15, 2023 @ 7:38 am By Omar Faridi  |  

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

October 24, 2023 @ 10:01 am By JD Alois  |  

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

October 22, 2023 @ 12:22 pm By Omar Faridi  |  

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

October 11, 2023 @ 10:03 pm By Omar Faridi  |  

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

September 19, 2023 @ 8:10 am By Omar Faridi  |  

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

September 18, 2023 @ 8:17 am By Omar Faridi  |  

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

September 14, 2023 @ 11:17 am By Omar Faridi  |  

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

August 25, 2023 @ 10:12 pm By Omar Faridi  |  

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

August 1, 2023 @ 8:02 am By Omar Faridi  |  

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

July 21, 2023 @ 3:45 pm By Omar Faridi  |  

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

July 12, 2023 @ 2:19 pm By Omar Faridi  |  

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

June 18, 2023 @ 6:40 pm By Omar Faridi  |  

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