Citi

·Nov. 10, 2016

Citi Launches Global API Developer Portal

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

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Peer to Peer Lending

·Jun. 22, 2017

Banks Going Digital – Transforming Branches, Apps and a Focus on Customer Experience

In Austin last week American Banker hosted their annual Digital Banking Conference where banks of all sizes gathered to discuss...

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asset management digital transformation neobank

·Feb. 24, 2020

Financial Empires fall — HSBC to fire 35,000; E*TRADE sells to Morgan Stanley for $13B

I examine the unbelievable transformation and restructuring happening in high finance. Global bank HSBC is planning to lay off over 10% of staff, looking at reductions of 35,000. E*TRADE is being acquired by Morgan Stanley, integrating its 5,000,000 accounts and $360 billion of assets into the Wall Street investment firm. Legg Mason and its $800 billion of assets are being folded into Franklin Templeton for $4.5 billion, less than what Visa had paid for fintech data aggregator Plaid and half of what Robinhood is likely valued privately. How do we make sense of these developments? How do we appeal to the heart?

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Fintech News Roundup USA

·Mar. 11, 2019

Banks Using Similar Methods to Beat Fintechs

Big banks like Citi and JPMorgan Chase are trying to beat fintechs at their own game with launches of new...

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Peer to Peer Lending

·Oct. 25, 2017

Leading Banks are Embracing Digital Strategies More Than Ever

While banks might have initially been slow to act when it came to embracing digital strategies they are now able...

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Fintech News Roundup USA

·Feb. 2, 2018

Some US Banks Trying to Get Ahead of Open Banking Trends

BBVA Compass, Capital One, Silicon Valley Bank, Citi, CBW Bank are some of the early adopters of open APIs that are beginning to transform how banking operates; the big question is how open will banking become and will it be mandated by legislation or will banks work with only those they trust; the one thing all banks are starting to do is make bigger investments into digital products, whether through partnerships or development as they see that the old way of banking will not survive. Source.

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Fintech News Roundup USA

·Jun. 11, 2019

Two Key Themes Drive Citi’s Push to Innovate

Head of Technology for Citigroup’s global consumer bank, Gavin Michael, spoke at an industry event about the two driving themes...

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Fintech News Roundup USA

·Mar. 29, 2018

Citi Revamps their Mobile App Experience

Citi recently announced an upgrade to their mobile app to help add features and streamline the app offering; the new app features more financial management tools, you can open an account on your device and pay bills; they also added a 360 Financial View tool to give the customer a full understanding and view into all their accounts, Citi and non Citi accounts; the app is part of a broader digital strategy the bank has been pushing in recent weeks. Source.

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Fintech News Roundup USA

·Jan. 24, 2018

Citi Sees Mobile App Adoption to Be Slower than Rivals

Citi’s mobile app users grew by 21 percent the past year to reach 9 million users; this adoption is a lot slower than peers at Chase, Bank of America and Wells Fargo who see mobile app users over 20 million; Citi’s growth for the past year is higher and their adoption is beginning to increase; Citi was slower to the game of adopting the new digital features but has since started to catch up by launching Citi FinTech; the new unit has helped the company to launch over 800 digital increases in the past year, a 300 percent increase; the company is planning to keep investing heavily in fintech and is optimistic about their future adoption trends. Source.

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Europe Fintech News Roundup USA

·Mar. 29, 2019