Citi

641 results about this entity

Period: 10 Jun 2010 - 26 Jun 2025

/payments

Sibos 2020: Rethinking compliance for friction-free payments

A handful of topical areas were canvassed in the ‘Friction or fiction: compliance in a real-time world’ panel session on day one of Sibos 2020’s virtual event. While there has been significant innovation in domestic and global payments, financial institutions still play a critical role in the global payment process.

/markets

Big banks step up funding for post-trade network AccessFintech

AccessFintech has secured $20 million in Series B financing in an investment round led by Dawn Capital, with additional funding from Deutsche Bank and follow on investing from JPMorgan, Citi, Goldman Sachs

/devops

Citi invests in low code platform Genesis

Citi has invested in low code platform Genesis Global Technology in an effort to drive business workflow efficiencies across multiple business lines.

/identity

Big banks invest in BioCatch

Barclays, Citi, HSBC and National Australia Bank have invested $20 million in Israeli behavioral biometrics company BioCatch, topping up a Series C funding round.

/regulation

Citi penalised for system design flaw that scrubbed millions of audio files

Citibank has been fined $4.5 million by the Commodity Future Trading Commission (CFTC) for a design flaw which led to the deletion of millions of audio files, including recordings which had been subpoenaed.

/cloud

FS giants invest in CloudMargin

Citi, Deutsche Bank and Deutsche Börse have joined a $15 million Series B funding round for collateral and margin management outfit CloudMargin.

/wholesale

The fintech barbarians are no longer at the gate - they’ve been invited inside

The paradigm of challengers and incumbents should be revisited in the light of widespread collaboration between the two, according to Tony McLaughlin of Citi and Mike Massaro, CEO of Flywire.

/payments

Swift outlines strategy to expand beyond financial messaging

Interbank payment network Swift is to expand beyond pure-play financial messaging to offer member banks a range of transaction management services.

/markets

Citi, JPMorgan and State Street invest in Capitolis

Citi, JPMorgan and State Street have invested in capital markets software house Capitolis.

/people

Jane Fraser to become first female CEO of US moneycentre bank on Corbat succession

Citi CEO Michael Corbat today announced that, after 37 years at Citi, including the last eight years as CEO, he plans to retire from Citi and step down from its Board of Directors in February of 2021.

/covid-19

Look beyond London for the UK fintechs that will lead post-Covid recovery

Echoing Prime Minister’s Boris Johnson pledge to 'double down on levelling up' the UK economy, Citi Bank’s Tony McLaughlin believes the country can become an even more friendly environment for fintech and should be looking outside “a small perimeter around Old Street”.

/payments

Decades old software led to Citi's $1 billion transfer headache

Citi says defective software dating from the 1990s was the cause of a $1 billion wire transfer screw up earlier this month.