Citi CIO Vanessa Colella sat down with Business Insider to discuss the bank’s technology budget, their internal incubator program and...
Citi spends over $8bn per years on technology and last year the bank said they reached an inflection point; “Last...
I discuss Citi's roboadvisor launch and why it took the firm 12 years to get to the party. We break down the difference between financial services ingredients and the organizations that combine those ingredients to manufacture and distribute financial products. We also look at how that consumer prerogative is defining the asset management industry, and the consolidation towards monolithic passive indexing providers. Last, we talk about how people prefer mass produced Twinkies to expensive artisanal desserts. Yummy!
Citi customers will now have a simple and fast option for online, in-app and in-store payment needs with the new digital wallet Citi Pay; this will be viewed as a digital expansion of their current bank and credit card accounts; Citi is also partnering with Mastercard to leverage their digital payment service, Masterpass, which will give Citi customers access to hundreds of thousands of merchants in 33 countries. Source
As the digital asset market has matured, incumbents are starting to take notice. Citi announced a partnership with METACO to establish digital asset capabilities.
Citigroup CEO Michael Corbat said the bank was working to develop their own portal to help push capital to small...
Citi announced two new product offerings as they look to build out their digital brand; Citi Flex Loan allows credit...
Citi announced the launch of a new global API Developer Portal (developer.citi.com) to connect with developers and enable them to build innovative client solutions; the open architecture will help facilitate collaboration and partnerships with fintech companies and consumer brands worldwide; Citi will grant developers access to APIs across six usage categories: account management, peer to peer payments, money transfer to institutions, Citi rewards, investment purchases and account authorization; Citi plans to add more categories over time and developers are encouraged to register with Citi to use this portal. Source
Citi’s Treasury and Trade Solutions is building a new business line that expands beyond B2B into merchant acquiring, with a...
Citi Global Consumer Bank's fintech unit has released a new mobile app for the iPhone; app has banking, wealth management and money movement capabilities; it is among the first mobile banking apps to integrate banking, investing and money movement; app features include simplified money transfers and mobile trading capabilities. Source