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806 Results from "Citi"

/payments

Citi inks referral agreement with Dubai's Network International

Citi has struck a referral agreement with Dubai-based Network International to offer the bank's corporate clients omnichannel payments services in the Middle East and Africa.

/wholesale

Citi and Wells Fargo invest in credit infrastructure startup Setpoint

Citi and Wells Fargo have joined a $31 million Series B funding round for Setpoint, an infrastructure provider that streamlines transactions for the credit industry.

/regulation

Citi fined $136m for lack of progress on fixing risk management flaws

Citi has been fined $135.6 million by US regulators for failing to make enough progress on fixing risk management and data governance deficiencies four years on from a cease and desist order.

/ai

AI to impact more than half of banking jobs - Citi

AI is set to upend the finance industry, adding tens of billions of dollars in profit while leading to the automation of as many as half of jobs in the sector, according to research from Citi.

/ai

Citi invests in commercial lending platform Numerated

Citi has made a strategic investment in Numerated as part of a wider partnership with the AI-powered modular commercial lending platform.

/payments

EBAday 2024: 75% view instant payments regulation as their number one priority

Hosting the second roundtable of the event, Sulabh Agarwal, global head of payments at Accenture spoke with Simon McConnell, European clearing head, treasury and trade solutions at Citi; and Bruno Mellado, global head of payments and receivables at BNP Paribas about navigating the testing waters of transformation for banks.

/payments

EBAday 2024: Derisking correspondent banking and cross border payments

Taking to the stage on the second and final day of EBAday in Lisbon, Portugal were Erik Frantz, executive director, financial institutions – banks, CaixaBank; Roisin Levine, head of UK and Europe partnerships, Wise Platform; Rafael Linde, head, international development and global relationship management, Cecabank; Dean Sposito, head of institutional cash and trade finance, Western Europe, Deutsche Bank; and Gareth Lodge, senior analyst, payments, Celent, who moderated the session.

/crypto

EBAday 2024: Challenges and benefits of CBDCs

What is the future of CBDCs in Europe and what do experts expect from stablecoin adoption? These questions were answered at EBAday 2024 in Lisbon where leaders in digital currencies examined what the future holds for digital assets.

/crime

Ex-Citi employee files wrongful termination lawsuit alleging the bank hid data from regulators

A former managing director at Citigroup is suing the bank and COO for unlawful termination on the grounds of allegedly refusing to provide regulators with false information.

/regulation

Citi fined over $444 billion fat finger error

British financial regulators have fined Citigroup £61.7 million over a $444 billion fat finger error that led to a $1.4bn sell off of equities in European markets.

/markets

US FS giants explore multi-asset settlement using share ledger tech

A host of major US financial services firms - including Citi, JP Morgan, and Visa - are taking part in a Regulated Settlement Network (RSN) proof-of-concept that will explore multi-asset settlement using shared ledger technology.

/regulation

Singapore launches platform to tackle money laundering

The Monetary Authority of Singapore (MAS) has launched a centralised digital platform that lets financial institutions share customer information in order to tackle money laundering and terrorism financing.