A former Citi employee who knocked out 90% of the bank's networks across North America after a meeting with his supervisor about his work performance, has been sentenced to nearly two years in prison.
Citi has further enhanced its Integrated Custody program with extended cut-off times for global custody accounts serviced from London, Luxembourg and New York.
Lab49 and The Yield Book, a wholly-owned subsidiary of Citi, are collaborating to build the next generation fixed-income analytics platform: Yield Book Q.
Citi today announced the formation of the Citi ATM Community Network, a new pilot program providing more than 300,000 customers of participating minority-owned banks and credit unions with the ability to withdraw cash with no surcharge fee at Citibank branch ATMs including those in Chicago, Los Angeles, Miami, New York, San Francisco and Washington D.C.
The profound change underway in the payments industry is good news for some of Europe's biggest fintech firms, including Gemalto and Ingenico, which are set to benefit from years of "secular tailwinds", according to research from Citi.
Wacom Co Ltd. announced today that 317 units of its DTU-1141 have been installed in branches of Citibank Korea Inc. for electronic document processing including digital signature, furthering the company‘s initiative to go completely paperless and shortening process time to create remarkable customer experiences.
Two Israeli men accused of orchestrating a series of hacks on the computers of several US financial institutions as part of an elaborate stock manipulation scheme have pleaded 'not guilty' as they face trial in a Manhattan court
In the wake of the $81 million Bangladesh Bank hack, Swift is calling on clients to be more forthcoming in reporting attacks on its system. The request comes as Reuters reports that three banks involved in a $12 million attack last year failed to inform the messaging network.
Cincinnati-based Fifth Third Bancorp has appointed Citi veteran Melissa Stevens to the newly created role of chief digital officer and head of omni-channel banking.
Citigroup is to roll out voice recognition software to its Asian customer base, shrinking its branch network as more customers move to online and mobile banking.
© Finextra Research 2016