Articles with tag like: Citi

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IDB and Citi Innovations Lab execute blockchain cross-border payment

News | Online & Mobile Banking | 12 Apr 2021

The Inter-American Development Bank (IDB) announced it had executed a cross-border payment using blockchain as part of a proof of concept involving Citi Innovation Labs.

cross-border payments, partnership, Citi, Consortium blockchain, blockchain

Navigating the digital wave – Citi exclusive interview

Interviews | Online & Mobile Banking | 07 Apr 2021

Lola Adebanji, EMEA Commercialisation and Growth Lead for Spring by Citi, discusses COVID-19’s impact on ecommerce and banks’ relation with fintechs and corporates during their digital commerce journey

Citi, banks, ecommerce, fintech

Digital bank designed for Black and Latino communities gets USD 40 mln

News | Online & Mobile Banking | 25 Mar 2021

US-based Greenwood, a digital banking startup designed for Black and Latino consumers and businesses, has raised USD 40 million from a host of US financial institutions.

digital banking, financial inclusion, lending, funding, Visa, Citi

Citi to restrict financing for companies expanding coal power

News | Payments General | 16 Mar 2021

Citigroup has updated its Environmental and Social Policy Framework to contain important new language further restricting its lending, underwriting, and advisory services to coal power companies.

Citi, lending, investment

PPRO partners with Banking Circle to add value to PSP propositions

News | Online Payments | 27 Jan 2021

UK-based provider of local payments infrastructure PPRO has teamed with financial infrastructure provider Banking Circle to support PSPs working with cross border ecommerce merchants. 

PPRO, Banking Circle, PSP, partnership, local payments infrastructure, online payments, ecommerce merchants, financial inclusion, Citi, Elavon, Mastercard Payment Gateway Services, Mollie, PayPal, WorldPay, local payments platform, UK, Europe

SETL, Banque de France complete world's first CBDC fund transaction

News | Cryptocurrencies | 19 Jan 2021

UK-based Settlement and Payments Infrastructure provider SETL has announced that Banque de France has successfully completed a CBDC transaction on its platform, according to the official press release.

SETL, CBDC, fund transaction, Live Market Infrastructure, Iznes, Banque de France, UK, CBDC transaction, Citi, CACEIS, Groupe Credit Agricole, Groupama, OFI, blockchain, DLT

Volante, Citi to work towards the bank's adoption of ISO 20022

News | Payments General | 19 Jan 2021

US-based Volante and Citi have announced the deepening of their relationships to accelerate the bank’s adoption of the ISO 20022 financial messaging standard.

Volante, Citi, partnership, communication standards, US, ISO migration, ISO 20022, AML

PPRO raises USD 180 million to invest in local payments infrastructure

News | Online Payments | 19 Jan 2021

UK-based local payments infrastructure provider PPRO has announced over USD 180 million in new investment. 

PPRO, funding round, investment, UK, Europe, global, payments infrastructure, Citi, Elavon, Mastercard Payment Gateway Services, Mollie, PayPal, WorldPay, local payments infrastructure, cross-border payments

Investment bank Citi develops Open Banking marketplace for fintechs

News | Payments General | 24 Dec 2020

Investment bank Citi has started building an Open Banking marketplace where third party fintechs can sign data access agreements to customer-approved accounts with eight startups and data aggregators.

BillGO, eMoney, Envestnet Yodlee, Expensify, Finicity, Intuit, MX, Xero, fintech, APIs, Investment bank Citi, Citi

Citi launches Citi Fleet Card for a mobile-first experience

News | Cards | 18 Dec 2020

Citi has launched a new Citi Fleet Card that offers a mobile-first experience that has the potential to transform the fuel card market.

Citi, fleet card, fuel market, ecommerce, mobile payments

US Exim to support Boeing with SCF guarantee

News | E-invoicing, SCF & E-procurement | 27 Nov 2020

The Export-Import Bank of the United States (US Exim) has granted two authorisations in support of the aviation industry and its supply chain, according to gtreview.com.

US Exim, Boeing, US, SCF, supply chain finance, Citi, travel industry, lockdown, pandemic, payments

Mastercard becomes Network Partner for the Citi Plex Account by Google Pay

News | Cards | 19 Nov 2020

Citi has announced the selection of Mastercard as its network partner for the Citi Plex Account on Google Pay, according to an official press release.

Citi, MasterCard, Citi Plex Account, Google Pay, Network Partner, debit card, digital account

Citi, Mastercard launch 'True Name' feature for cards across the US

News | Cards | 20 Oct 2020

Citi has offered transgender and non-binary people the ability to use their chosen name on eligible credit cards.

Citi, MasterCard, credit card, payments, partnership, inclusion, transgender, non-binary

Large global banks invest USD 20 mln in BioCatch

News | Digital Identity, Security & Online Fraud | 01 Oct 2020

BioCatch, a global provider of behavioural biometrics solutions, has announced that four major global banks have invested USD 20 million in the company.

online fraud, behavioural biometrics, coronavirus, BioCatch, funding, Barclays, Citi, HSBC, National Australia Bank

Bank of Georgia secures USD 50 mln trade finance facility with Citi

News | E-invoicing, SCF & E-procurement | 18 Sep 2020

Bank of Georgia has signed a USD 50 million one-year trade finance facility with US-based bank Citigroup.

Bank of Georgia, Citi, trade finance, facility, Citigroup, bank, reimbursement, trade advances, retail banking, payment services, corporate banking, investment banking, wealth management, Trade Finance Solutions

Citi, Wayfair, Mastercard to streamline digital loyalty and financing experience

News | Cards | 14 Sep 2020

Citi Retail Services and Wayfair have partnered to provide a new private label Wayfair Credit Card and co-brand Wayfair Mastercard with rewards and benefits for Wayfair customers.

Citi, Wayfair, MasterCard, loyalty programme, credit card, retail, merchants

Citi, JP Morgan, and State Street invest in fintech Capitolis

News | Payments General | 11 Sep 2020

JP Morgan, Citigroup, and State Street have invested USD 11 million in Capitolis, a US-based technology startup that seeks to help banks use capital more efficiently, according to Reuters.

Citi, JP Morgan, State Street, Spark Capital, Index Ventures, Sequoia Capital, Capitolis, fintech, startup, Reuters, US, United States, banks, capital, software, capital markets, liquidity, financial institutions, trading, financial crisis, risky trades, capital banks, residual trades, derivatives portfolios, investors

Google finds six new partners for its Google Pay digital banking platform

News | Online & Mobile Banking | 18 Aug 2020

Google has partnered with six banks to offer digital checking and savings accounts to Google Pay users in the US, starting with 2021. 

Google, Google Pay, digital banking, platform, banks, digital checking, savings accounts, US, United States, Bank Mobile, BBVA USA, BMO Harris, Coastal Community Bank, First Independence Bank, SEFCU, Citi, SFCU, mobile banking, startups, FDIC, global banks, credit unions, digital payments, Google Wallet

PPRO announces 85% in transaction volume

News | Online Payments | 05 Aug 2020

PPRO, a payments platform-as-a-service, has reported an 85% increase in transaction volume from 2019, highlighting the opportunities for cross-border ecommerce amidst the pandemic.

PPRO, pandemic, COVID-19, coronavirus, Sprints, Citi, payments, platform-as-a-service, transaction, cross-border ecommerce, ecommerce, HPE Growth, Financial Technology Partners, Noerr, Germany, Singapore, Brazil

IFC, Citi roll out USD 800 mln facility for trade finance in emerging markets

News | E-invoicing, SCF & E-procurement | 02 Jul 2020

IFC and Citi have created an USD 800 million facility to support trade flows in developing countries and help businesses amid the pandemic.

IFC, Citi, facility, trade finance, emerging countries, World Bank, pandemic, COVID-19, cash flow, trade assets, trade volume, Global Trade Liquidity Program, IDA countries