The US Securities and Exchange Commission has slapped a $7 million fine on Citigroup to settle charges that a computer coding error caused the firm to provide the agency with incomplete 'blue sheet' information about trades it executed.
Bitcoin does not as yet pose a threat to existing centralised payment networks, argues Citibank in a new research report, dismissing the digital currency as an interesting experiment with limited use cases for peer-to-peer transfers.
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced it has successfully transitioned Citi’s hedge fund customers to the latest version of the Geneva platform – SS&C’s real-time portfolio management, reporting and investor accounting solution.
Citadel Securities LLC, one of the top liquidity providers and market makers in the world, today announced that it has acquired certain assets of Automated Trading Desk Financial Services, LLC ("ATD"), a leading automated equities market making business, from Citi.
Citibank's Silicon Valley-based venture arm has made an undisclosed strategic investment in working capital firm BlueVine.
Four major banks, the DTCC and Markit have announced the completion of a successful test of the use of distributed ledger technology and smart contracts to manage post-trade processes in the credit default swaps market.
Selerity, a startup that monitors unstructured data and delivers personalised alerts to investors and traders, has raised $4.2 million in a funding round led by Citi, which is also using the firm's algorithms to provide recommendations to clients through its Citi Velocity platform.
Citi announces the release of the newly enhanced version of Citi Treasury Diagnostics (“CTD”), an award-winning, web-based benchmarking tool designed to help corporates assess their treasury and working capital practices against industry peers and best-in-class companies.
Citi Treasury and Trade Solutions has launched paperless processing for both Account Opening and Maintenance on accounts in the United States and Canada.
Citi has launched Citi Payment Exchange, its integrated and highly flexible institutional payment-processing solution, in Canada.
© Finextra Research 2016