Citi - News, Articles & Research

Citi partners IDB on blockchain-based cross-border payments trial

Citi Innovation Labs has teamed up with the Inter-American Development Bank (IDB) to test the use of blockchain technology and tokenised money to send payments from the US to Latin America and the Caribbean.

09 April 2021

Company announcement/payments

Citi offers clients service insights with Swift gpi Case Resolution integration

Citi Treasury and Trade Solutions (TTS) launches Citi Service Insights (CSI) with SWIFT gpi Case Resolution integration.

07 April 2021

Company announcement/markets

Kuwait Clearing Company signs Citi and HSBC to e-Dividends service

Kuwait Clearing Company signed two new agreements with Citi Bank and HSBC to provide the e-dividends service to their clients.

01 April 2021

News/crypto

Cryptocurrency’s complex quest toward building institutional infrastructure

If the normalisation of Bitcoin and crypto-at-large is to be achieved, there are fundamental challenges that this ‘non-analogue’ asset will be faced with. During Citi’s Digital Money Symposium, panellists of the ‘Institutional Infrastructure for Crypto’ session explored the obstacles crypto firms have faced while trying to carve out a footing within the institutional ecosystem.

25 March 2021

Company announcement/security

Citi Ventures, Wells Fargo participate in Notarize $130m Series D

Today Notarize is announcing an important milestone - our Series D funding, which will fuel growth and help Notarize fully digitize life’s most important transactions. Fintech-focused VC firm Canapi Ventures led the round and is joined by Alphabet’s independent growth fund CapitalG, Citi Ventures, Wells Fargo, True Bridge Capital Partners and existing investors.

25 March 2021

Company announcement/wealth

Citi partner Sharegain to launch automated securities lending platform for wealth managers

Citi has launched the first fully automated securities lending solution for wealth management firms they custody, in partnership with fintech firm Sharegain.

24 March 2021

News/wholesale

Citi introduces 'Zoom-free' Fridays

Citigroup is to introduce 'Zoom-free' Fridays, as the pressure of working virtually during the pandemic takes its toll on employee well-being.

23 March 2021

Company announcement/markets

Citi to provide custodial services for BondEvalue

Citi has been selected by BondEvalue Pte Ltd to act as a custodian for the underlying bonds traded on its digital exchange as fractionalized assets (called “BondbloX”).

23 March 2021

News/payments

Citi streamlines cross-border payments with digital documentation

Citi is streamlining the cross-border payments process for institutional clients by releasing a single electronic platform for payment instructions and the associated documents that accompany them.

11 March 2021

News/inclusion

Why a cookie-cutter approach to VC and funding hinders diversity

During the ‘Women in FinTech: Reshaping the Industry’ session at Citi’s Digital Money Symposium 2021, the panel tackled thorny issues surrounding securing funding to startups founded by females and those from minority backgrounds.

09 March 2021

Company announcement/retail

Citi to test Open Banking systems in Australia with Frollo

Australian fintech Frollo has today announced that it will be performing Data Holder Testing for global financial institution Citi, to ensure their CDR Data Holder solution is compliant with CDR rules.

04 March 2021

News/payments

Citi loses legal battle over $0.5 billion funds transfer gaffe

Citigroup has lost a legal battle to recoup almost $0.5 billion in wire transfers that were mistakenly sent to creditors of distressed cosmetics firm Revlon.

16 February 2021