In today’s top news in digital-first banking, Better will be purchasing Trussle, while Carol Grunberg has been named head of Strategic Partnerships and Innovation for Citi’s treasury and trade solutions (TTS) unit in its Institutional Clients Group. Plus, Computer Services Inc. (CSI) launched its CSI Loan Marketplace.
Digital mortgage lender Better will be acquiring United Kingdom-based Trussle. “Better and Trussle were both founded on the understanding that consumers increasingly prefer to use online services to shop for and transact on major life purchases,” Trussle CEO Ian Larkin said in a press release revealing the deal, as noted in a published report. The pandemic has led to a frenzy of mortgage refinancing in the United States. In accordance with that trend, Better extended nearly $25 billion in loans in 2020.
Citigroup has appointed Carol Grunberg to serve as head of Strategic Partnerships and Innovation for Citi’s TTS unit in its Institutional Clients Group. Grunberg’s roles have involved technology and financial services in the United States, Southeast Asia, China and India. Citi’s TTS unit provides cash management and trade services to public sector organizations, financial institutions (FIs) and multinational corporations throughout the globe.
CSI, which is headquartered in Kentucky, rolled out its CSI Loan Marketplace with the aim to helping FIs obtain access to a nationwide market of business and individual loans. “The economic downturn has made it vital for financial institutions to diversify their portfolios,” Gio Mastronardi, CSI’s group president of Enterprise Banking said, as previously reported. “CSI Loan Marketplace allows financial institutions to secure more opportunities, drive efficiency and maximize their earning capacity.” The news comes on the heels of CSI revealing a collaboration with Autobooks.