Latest Citi News: Finextra Research

Citibank delays account aggregation service - FT

Citibank has failed to meet its own deadline for the launch of a one-stop Internet service aimed at European consumers with multiple online accounts, according to a report in the FT.

03 September 2001

/retail

Citibank joins MasterCard bill payment hub

Citibank is to join MasterCard's Remote Payment and Presentment Service in a move designed to accelerate customer uptake of electronic bill payment services.

07 August 2001

/retail

Citi to offer account aggregation to UK consumers

The UK division of Citibank International is preparing to launch an online account aggregation service, providing consumers with access to all of their financial information from a single Web page. Citi is pressing ahead with the launch despite the recent misgivings expressed by UK regulatory bodies about aggregation technology.

28 June 2001

/retail

Citibank India partners Unimobile for wireless banking

Citibank India is to deploy California-based Unimobile's advanced wireless messaging platform to provide "CitiAlert" mobile banking services to its non-resident Indian (NRI) customers around the world.

06 June 2001

/retail

Citibank launches nationwide talking ATM installation programme

Citibank has launched a sixteen-month programme to install a talking ATM at each of the bank's financial centres and ATM centres across the country, beginning in New York and California.

23 May 2001

/wholesale

Six more banks join FinancialOxygen

California-based capital markets platform FinancialOxygen has signed up six new institutions to its online trading hub, BankOxygen, including Citibank, KeyBank, National City, LaSalle Bank and Dresdner Kleinwort Benson.

16 May 2001

/retail

Citi signs P2P deals with MSN and AuctionWatch

Citibank has entered alliances with Microsoft and AuctionWatch as part of a major initiative to boost uptake of its c2it person-to-person payment service for e-mailing funds over the Internet.

01 May 2001

/payments

Commerce One and Citi launch B2B payment system

Commerce One and Citibank have released a joint solution for automating the invoice-to-payment cycle across e-marketplaces. The technology, which combines the CitiConnect network with the Commerce One MarketSite operating environment, was developed in conjunction with technology partners Baltimore Technologies, Netegrity and SurePay, powered by VeriSign.

25 April 2001

/retail

Cards etc secures $16 million funding

Sydney-based Cards etc, the developer of the Arterium transaction infrastructure management system for multi-application smart cards, has finalised a funding round worth $16 million. Citicorp Equity Capital acted as lead manager for the raising which involved investment from existing shareholders Citigroup and First Data Corp.

21 March 2001

/payments

Cognotec to develop Atriax FX interface

Automated dealing solutions provider Cognotec is to provide an interface to Atriax, the multi-bank foreign exchange portal initiated by Citibank, Deutsche Bank and Chase Manhattan. The Dublin-based software house already provides a similar connection to rival bank-backed corporate trading platform FXall.

19 March 2001

/regulation

Citigroup backs IFS for Web-enabled collateralised trading

Dublin's IFS has won a contract with Citigroup Private Bank to implement its new Web-enabled product MarginMan-Gate for collateralised trading. The deal follows IFS' recent $21 million acquisition of Dene and consequent MarginMan-Gate integration and release.

13 March 2001

/wholesale

Citi teams with Marrakech for Latin American B2B

Citibank Mexico and Marrakech have announced a strategic alliance to offer e-procurement services to mutual corporate clients throughout Latin America.

09 March 2001

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