Latest Citi News: Finextra Research

Clearing firms invest in FIA Tech

A group of 10 clearing firms have committed $44 million to the Futures Industry Association's FIA Tech.

16 June 2021

$Citi invests in fractional fixed income platform BondEvalue$

Citi invests in fractional fixed income platform BondEvalue

BondEvalue, a Singapore-based debt trading platform for the masses, has raised $6 million in its Series A round of fund raising, with MassMutual Ventures Southeast Asia and Citigroup among the new investors

09 June 2021

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Banks back tool to help portfolios correct extinction risk

A UN-backed biodiversity module has been launched to help financial institutions explore the extent to which their portfolios indirectly drives species extinction risk and impact ecological integrity.

26 May 2021

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Banque de France CBDC used for fund settlement project

As part of an experimental programme led by the Banque de France, more than ten transactions on fund units, for a total amount of more than €2 million, were carried out in December 2020 on a blockchain-based mututal funds platform from IZNES using central bank digital currency (CBDC).

19 January 2021

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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

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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

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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.

29 September 2020

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Citi, JPMorgan and State Street invest in Capitolis

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

10 September 2020

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Citi HK uses bot technology to give clients real-time trade status reports

Citi is using bot technology in Hong Kong to offer its Securities Services clients real-time processing for matching and settlement, giving them the ability to view their trade status consistently throughout the day and to be able to activate stock borrowing if needed.

24 July 2020

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Big banks invest in Capital Markets Gateway

A host of Wall Street heavyweights, including Goldman Sachs and JP Morgan, have joined a $25 million funding round for Capital Markets Gateway (CMG), a fintech startup that facilitates equity capital market transactions.

25 June 2020

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Axoni distributed ledger network for equity swaps processing goes live

Enterprise blockchain vendor Axoni and a group of 15 sell-side and buy-side firms have launched a distributed ledger network to manage equity swap transactions.

06 February 2020

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Citi's investment bank to hire 2500 coders

Citi is the latest Wall Street giant looking to hoover up programming talent, embarking on a recruitment drive that will see it hire 2500 coders and data scientists for its investment bank this year.

06 January 2020

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