Citi - News, Articles & Research

Company announcement/payments

Citi and Amadeus help airlines take control of currency conversion with FX Box

For travelers, booking an airline ticket can be confusing when prices are displayed in a foreign currency. To improve the customer shopping experience, travel companies, such as travel agencies and airlines, are keen to offer customers the possibility to see ticket prices in the currency of their choice.

02 December 2020

Company announcement/payments

Citi picks Mastercard for Plex Account by Google Pay

Today, Citi announced it has selected Mastercard as its network partner for the Citi Plex Account on Google Pay, a new digital checking and savings account built with financial wellness and mobile functionality at the core of the design to make managing money simpler, smarter and more rewarding.

19 November 2020

News/startups

Citi steps up investment in low code technology startups

UK-based low code application startup Dextcloud has received an unspecified investment from Citi, the second such deal struck by the US bank in as many months.

12 November 2020

Company announcement/people

Citi names Mark McNulty head, payments and receivables Emea, treasury and trade solutions

We are pleased to announce the appointment of Mark McNulty as Head of Payments and Receivables (P&R) EMEA, Treasury and Trade Solutions (TTS).

10 November 2020

News/payments

Citi issues 'True Name' cards

Citi has teamed up with Mastercard to begin offering transgender and non-binary people the ability to use their chosen name on eligible credit cards.

19 October 2020

Company announcement/payments

Ikea in India joins hands with Mastercard & Citi to launch the ‘IKEA Family Credit Card by Citi’

To make shopping at IKEA, the world’s most loved home furnishing company, more affordable, convenient and rewarding, Citibank India (Citi) and Mastercard today jointly announced the launch of ‘IKEA Family Credit Card by Citi’.

15 October 2020

News/crime

Regulators lose patience with Citi over risk management flaws

Federal regulators have slammed Citigroup for failing to correct deficiencies in enterprise-wide risk management, compliance risk management, data governance, and internal controls, hitting the bank with a $400 million fine and cease and desist order.

08 October 2020

News/payments

Visa connects with Stripe for B2B payments

Visa has struck a deal with Stripe to enable buyers on Visa Payables Automation to pay suppliers who are unable to accept digital payments through the use of a virtual Visa card.

08 October 2020

News/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.

06 October 2020

News/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

06 October 2020

News/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.

05 October 2020

News/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.

01 October 2020