Citi - News, Articles & Research

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

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

Company announcement/wholesale

Defacto closes $167 million securitization fund

Defacto, the French lender to SME by API, closed a securitization fund with Citi and Viola Credit for up to €167m.

13 July 2023

News/wholesale

Citi Commercial Bank launches digital client platform

Citi has launched a digital client platform for its commercial bank customers, bringing together all of its products and services in one place.

11 July 2023

News/crypto

NY Fed and banks upbeat on digital dollar pilot results

The Federal Reserve Bank of New York says that proof-of-concept run with a host of banks has demonstrated the feasibility of a regulated digital asset settlement platform supported by shared ledger technology.

07 July 2023

News/regulation

Singapore fines banks for AML breaches in Wirecard affair

Singapore has slapped three banks and an insurer with fines for anti-money laundering breaches connected with the Wirecard scandal.

22 June 2023

Company announcement/markets

Citi unveils new automated settlement system in Hong Kong

Citi Securities Services today announced the launch of a new fully automated solution that further improves Citi’s custodial capability in post trade instruction and settlement processing.

08 June 2023