Latest Citi News: Finextra Research

Walmart partners Citi on digital lending platform for suppliers

Walmart is teaming up with Citi on a platform that connects the retail giant's network of 10,000 US-based small business suppliers with dozens of lenders.

02 March 2023

/crime

Citi invests in financial crime risk management vendor Quantifind

Quantifind, a provider of AI-powered financial crimes risk management technology, has raised $23 million in a funding round joined by Citi Ventures.

01 March 2023

/regulation

Top banks back $24 million round in operational risk fintech Acin

A consortium of top US, European and UK banks have backed a $24 million Series B round in operational risk network Acin.

16 December 2022

/crypto

US banks launch digital asset settlement platform PoC

Some of the biggest names in the US banking industry are coming together on a proof of concept for a regulated digital asset settlement platform.

16 November 2022

/payments

A2A payments firm Banked secures $15 million Series A extension

London-based Banked, provider of an account-to-account payment method enabling consumers to avoid the card schemes at checkout and pay from their existing mobile banking app, has raised over over $15 million in a Series A extension round, led by global software investor Insight Partners and supported by Citi and National Australia Bank Ventures.

15 November 2022

/wholesale

Citi Ventures makes first fintech investment in India

Citi Ventures has made its first fintech investment in India, joining a $60 million raise in bank lending software house Lentra.

14 November 2022

/crypto

Philanthropy is facing a ‘triple squeeze’ and digital assets can help - Citi

Citibank’s recent report ‘Philanthropy and the Global Economy’ has found that digital assets can be the future of philanthropy in wake of the cost of living crisis. Amy Thompson, report author, and Ronit Ghose, global head of future of finance at Citi, sat down with Finextra to discuss the significance of this report in light of the cost of living crisis.

07 November 2022

/wholesale

Survey shows support for shorter settlement cycles

The majority of market participants expect the settlement cycle for equities to shorten to T+1 within the next five years, according to recently published research.

04 November 2022

/payments

Citi invests in white-label shopping rewards platform Wildfire

Citi Ventures has made a strategic investment in white-label reward programme platform Wildfire Systems.

27 October 2022

/startups

Citi dives into crypto with xalts seed investment

Citi Ventures, Citigroup’s first venture capital investing group, and Accel, have co-led a $6 million initial capital financing round for xalts, a Hong Kong based digital asset management firm. This marks Citi Ventures’ first seed investment in a crypto firm.

07 October 2022

/Sibos

Sibos 2022: Uncovering value for banks in the Metaverse

As Sibos edges ever closer, Finextra has reached out to a clutch of the conference’s expert speakers to share their thoughts on leading industry trends and what they expect to take from Sibos 2022.

04 October 2022

/regulation

Morgan Stanley, Goldman Sachs, among banks fined $1.1 billion by SEC

16 of Wall Street’s largest financial institutions been charged to pay a combined $1.1 billion to US regulators for not monitoring unauthorised employee messaging, announced the Securities and Exchange Commission (SEC) on Tuesday.

28 September 2022

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