Citi - News, Articles & Research

Company announcement/people

Citi execs join Icon board

Icon Solutions has today announced the appointment of James West, Head of Payments’ Business Execution & Platform Modernisation, Citi Services, to its Board of Directors. Amit Rijhsinghani, Head of Payments Technology, Citi Services, has also been appointed as a Board Observer.

22 April 2024

Company announcement/markets

Citi ends first quarter as Asia-Pacific’s top ECM underwriter

Citi emerged as the top underwriter for equity capital markets (ECM) in Asia ex-Japan for the first quarter (Q1) of 2024, continuing the strong momentum built in 2023. At the end of Q1, Citi commanded a total issuance volume that was double that of the next closest competitor.

12 April 2024

News/regulation

Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.

03 April 2024

Company announcement/markets

Citi and the Brazilian Development Bank join Hyperledger Foundation

Today, Hyperledger Foundation, the open, global ecosystem for enterprise-grade blockchain technologies, announced Citi and the Brazilian Development Bank (BNDES) as new members.

19 March 2024

News/retail

Citi Ventures invests in Tuum

Citi Ventures has invested in core banking provider Tuum, following on from last month's €25 million fund raise led by CommerzVentures.

14 March 2024

News/startups

Citi Ventures invests in bank-to-bank loan marketplace Capstack

Capstack Technologies, a bank-to-bank marketplace designed to mitigate asset risk, has secured a strategic investment from Citi Ventures.

06 March 2024

News/markets

BNP Paribas and Citi invest in United Fintech

BNP Paribas and Citi have become the first institutional investors in United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors.

27 February 2024

News/markets

Citi tests tokenisation of private funds

Citi has joined forces with Wellington Management and WisdomTree to explore the tokenisation of private markets.

14 February 2024

News/payments

Citi taps ChargeAfter for POS instalment loan product

Citi Retail Services has picked technology from embedded lending platform ChargeAfter to power its products that let merchants offer credit and instalment loans at the point of sale.

06 February 2024

News/security

New York AG sues Citi over lax security and failure to reimburse fraud victims

New York's Attorney General is suing Citibank for failing to protect customers from fraud and scams.

30 January 2024

News/payments

Citi unveils browser extension to help shoppers find online offers

Citi has launched a free desktop browser extension that helps cardholders search for offers and coupons at thousands of online merchants.

24 January 2024

News/wholesale

Citi partners LuminArx on private lending venture

Citi is teaming up with alternative investment manager LuminArx Capital to launch a private lending vehicle for companies.

22 January 2024

News/startups

Citi leads investment round in Colombian B2B fintech Supra

Citi has led an investment round in Colombian B2B payments startup Supra.

12 December 2023

News/payments

Citi invests in Icon Solutions

British payments technology outfit Icon Solutions has secured an equity investment from US banking giant Citi. Terms were not disclosed.

07 December 2023

Company announcement/wholesale

Citi collaborates with Traydstream to automate trade document processing for clients

Citi has today announced it will collaborate with Traydstream, a leading provider of innovative trade documentation solutions to provide clients with access to a cutting edge and automated trade-document processing capability.

04 December 2023

News/crypto

MAS chief rubbishes private crypto in speech

Private cryptocurrencies have failed the basic test of digital money and are likely to be in decline in the near future

29 November 2023

Company announcement/markets

Citi develops blockchain FX product under Singapore's Project Guardian

Citi has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades.

16 November 2023

News/regulation

Singapore develops generative AI risk framework; digital money and ESG also to the fore

The Monetary Authority of Singapore has brought together banks and tech firms to develop a generative AI risk framework and is now exploring how the technology can be used in the financial services sector.

16 November 2023

News/regulation

MAS orders DBS and Citibank to investigate lengthy outage

The Monetary Authority of Singapore has ordered DBS and Citibank to investigate why it took so long to get their systems back up after an outage earlier this month that disrupted online and payment services.

25 October 2023

News/payments

Citi alleviates corporate spend management in partnership with Navan

Citi is rolling out a new travel and expense management system for its US corporate clients in an attempt to fend off competition from a wave of cherry-picking fintech startups.

20 October 2023