Citi - News, Articles & Research

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

Company announcement/markets

Citi settles first trades on HKeX Synapse platform

Citi Securities Services announced the successful settlement of trades for China Asset Management (Hong Kong) [ChinaAMC (HK)] on Hong Kong Exchanges and Clearing Limited (HKEX) Synapse platform, which went live for trades settlement today.

11 October 2023

Company announcement/markets

Citi syndicated loan data comes to Versana platform

Versana today announced that founding investor Citi 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.

10 October 2023

News/people

Citi seeks global head of instant payments

Citi is recruiting for a senior executive to build a strategy for instant payments globally within its treasury and trade Solutions business (TTS).

27 September 2023

Company announcement/retail

Fleximize receives £136 Million financing from Goldman Sachs and Citi

Multi-award-winning business lender Fleximize has secured £136 million in securitised funding from existing investor Goldman Sachs Asset Management and new lender Citi.

20 September 2023

News/Sibos

Sibos 2023: Forging a path to global CBDC interoperability

Interoperability was at the centre of Tuesday’s CBDC discussion at Sibos, with the panel investigating how to ensure that these incoming digital currencies will work at the cross-border level.

19 September 2023

News/crypto

Sibos 2023: Can CBDC replace cash?

At Sibos 2023 in Toronto, EY’s Christopher Woolard chaired a session on how digital currencies have made a big splash over the past few years and questioned whether they will be merely a drop in the ocean.

19 September 2023

Company announcement/crypto

Citi TTS develops institutional digital asset offering

Citi Treasury and Trade Solutions (TTS) announces the creation and piloting of Citi Token Services for cash management and trade finance. The service uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients. Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities.

19 September 2023

Company announcement/payments

Citi TTS launches four payment solutions to improve UX

Citi Treasury and Trade Solutions launches a set of four payment solutions for Financial Institution (FI) clients, which are designed to improve the client experience for their end users. With this, FI clients will now have access to new capabilities -- each of which can now be used with low or no implementation work or technology build.

15 September 2023

News/wholesale

Citi joins blockchain bond exchange

Global custodian Citi Securities Service has announced its membership of BondbloX Bond Exchange (BBX), a DLT-based platform that claims to be the world's first fractional bond exchange.

15 September 2023

Company announcement/retail

Citi restructures

Citi today announced significant changes to its organizational model that will fully align its management structure with its business strategy and simplify the bank.

14 September 2023

News/wholesale

Citi sells SME lending business to Foro

Citi has sold Bridge, its online lending marketplace for SMEs, to Foro Holdings, a Charlotte-based commercial lending service provider.

13 September 2023

News/payments

Citi invests in Peruvian FX fintech Rextie

US banking giant Citi has made a strategic investment in Peruvian foreign exchange fintech Rextie.

25 August 2023

News/retail

Citi introduces 'relationship tiers' for retail customers

Citi is revamping its retail banking offering, ditching account packages in favour of a new set of "relationship tiers".

24 August 2023

News/people

Citi Commercial Bank appoints Gunjan Kalra as APAC head

Gunjan Kalra will take on her new role in September 2023, and will report to the global head of Citi Commercial Bank (CCB) Tasnim Ghiawadwala and APAC CEO Peter Babej.

11 August 2023

News/wealth

Big banks back Asian wealth management platform Endowus

Citi, UBS and MUFG has joined a US$35 million funding round for Asian digital wealth management platform Endowus.

10 August 2023

News/cloud

FS giants team on open standards project for common cloud controls

The Fintech Open Source Foundation (Finos) is forming an open standard project to describe consistent controls for compliant public cloud deployments in the financial services sector.

28 July 2023

Company announcement/markets

Delta Capita to commercialise Citi’s proprietary Digital Communication Management Application

Delta Capita, a leading global Capital Markets consulting, managed services and technology provider has been selected by Citi to scale and commercialise its proprietary digital communications workflow management software capability, QMA.

20 July 2023

Company announcement/wholesale

Citi inroduces electronic trade loans for US commercial clients

Citi 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.

19 July 2023