A group of five major banks, working with Thomson Reuters, IHS Markit and Axoni, have carried out a successful test of blockchain technology and smart contracts to manage affirmations and post-trade lifecycle processing for OTC equity swaps.
Citi has rebranded the Liquifi ATS into CitiBLOC, an alternative trading system designed for block execution.
Citi’s Treasury and Trade Solutions’ has launched electronic document submission (“eSubmit”), a digital service that allows clients to complete the account opening process by returning electronic versions of account opening documentation rather than paper, in select Western European countries.
Citi has joined Early Warning, the consortium of big US banks looking to take on the likes of Venmo in the provision of P2P mobile payments.
In the latest blockchain experiment carried out under the R3 banner, major banks including Citi and HSBC are looking into how distributed ledger technology can be used to simplify reference data processes.
FastPay, a leading financial technology company that provides lending and financial workflow solutions to digital businesses, today announced the close of a strategic investment from Citi Ventures.
Citi has joined forces with Southeast Asian Uber clone Grab to let customers pay for rides with their credit card points.
Citi Hong Kong today announced that the recipient of Citi Mobile Challenge Asia Pacific “Best Money Manager Solution” award, Mtel, has taken its winning concept to market with the launch of the CreditCheck app in Hong Kong.
Citi has hired senior JPMorgan Chase executive Gavin Michael to lead technology operations at its consumer bank.
Citi's head of fintech, Heather Cox, is leaving the bank to join USAA as chief technology and digital officer.
© Finextra Research 2016