- January 30, 2024
New York Attorney General Letitia James accused Citi of failing to protect fraud victims.
In a lawsuit filed Tuesday (Jan. 30), the state’s top prosecutor alleged that the banking giant has ...
- January 30, 2024
In an era of disruptive technologies, cross-border payments are quietly undergoing a revolution. The emerging paradigm centers around cost-effective, real-time payment options with maximum visibility for both sender and receiver.
Beyond ...
- January 29, 2024
America’s credit card companies ended December with delinquencies and charge-off rates essentially unchanged from November.
And as a Monday (Jan. 29) Seeking Alpha report notes, the average rates of charge-offs and ...
- January 23, 2024
Citi launched a new browser extension designed to help consumers save money while shopping online.
The free tool, Citi Shop, is available to eligible U.S. Citi credit cardmembers and allows them ...
- January 22, 2024
Investment banks are reportedly trying to win back leveraged finance deals from the private credit space.
Banks such as Goldman Sachs, Citi and Barclays are among the banks in talks with buyout firms about loans issued ...
- January 22, 2024
Online commerce carries a number of risks related to digital fraud and payment failure that can result in lost sales and an erosion of brand reputation. This is common to ...
- January 18, 2024
Citi and LuminArx have introduced a financing tool for the private lending market.
Cinergy, launched Thursday (Jan. 18) by the banking giant and the investment manager, will offer a wide range of private ...
- January 18, 2024
On-demand pay company DailyPay has secured $175 million in funding, resulting in a 75% increase in the company’s valuation to $1.75 billion.
This funding includes a $75 million equity round and ...
- January 17, 2024
Odds are if you’re reading this you’ve had to deal with a contract at some point in your career. The odds are also in favor of that contract requiring some ...
- January 12, 2024
Citigroup reported a net loss of $1.8 billion for the fourth quarter, attributing that in part to several “notable items.”
The items include a special assessment from the Federal Deposit Insurance ...
- January 9, 2024
Item-level receipt data platform Banyan has named financial industry veteran Alpesh Chokshi as president.
Chokshi, whose appointment was announced Tuesday (Jan. 9), joins Banyan following a stint as global head of business development for personal ...
- January 3, 2024
Buy now, pay later (BNPL) has gone mainstream. So much so that if businesses don’t provide this payment option, they might lose out on sales at checkout. This is especially ...
- December 11, 2023
Citi has led a strategic investment round in Supra, a Colombian FinTech that enables cross-border payments and treasury solutions.
Supra provides these solutions to small and medium-sized businesses (SMBs) involved in ...
- December 7, 2023
Payments platform FreedomPay has teamed with Citi to enable Citi Pay products at point-of-purchase.
“This collaboration provides consumers with flexibility in selecting their preferred lending solutions at the point-of-sale, further enhancing their shopping experience,” the companies said ...
- December 7, 2023
Paytm’s stock hit a two-year low Thursday (Dec. 7) after it changed its small-ticket loan policy and brokers downgraded its stock.
The Indian FinTech had announced earlier in the week that it would ...
- December 6, 2023
Citi has invested in payments technology company Icon Solutions as it modernizes its payments platform.
The investment, made via Citi Treasury and Trade Solutions, comes as Citi also plans to expand its use of Icon’s ...
- December 5, 2023
Terry O’Neil, head of connected commerce and strategic growth for Citi Retail Services at Citi, said that connected commerce needs to move quickly.
In fact, it needs to move at the ...
- December 4, 2023
Money movement makes the world go ‘round.
But moving money around the world has historically challenged organizations looking to expand internationally and do more business in overseas markets.
As companies navigate different ...
- December 4, 2023
Citi is working with Traydstream to offer clients automated trade-document processing capabilities.
The partnership gives Citi clients a way to “leverage a vast array of pre-loaded document types” along with a ...
- November 30, 2023
The promise of embedding payments in cross-border commerce is a multitrillion-dollar opportunity, Amit Agarwal, Global Co-Head of Payments and Receivables, Treasury and Trade Solutions (TTS) at Citi, told Karen Webster.
But for ...
- November 20, 2023
Citi Mobile made moves in this edition of PYMNTS’ Provider Ranking of Credit Card Apps.
Venmo, which was previously No. 1, fell to make room for more competition between Citi Mobile, ...
- November 20, 2023
Citigroup has begun the next phase of its previously announced organizational changes.
“Today we shared with our colleagues the next layer of changes across many of our businesses and functions as ...
- November 15, 2023
Citigroup has reportedly begun cutting jobs as part of its CEO’s companywide overhaul.
Workers at the banking giant were expected to be informed of the layoffs Wednesday (Nov. 15), with new ...
- November 15, 2023
Citi has created an application that uses blockchain to execute foreign exchange (FX) trades.
The new tool, announced Wednesday (Nov. 14), employs blockchain infrastructure to price and perform bilateral spot FX trades, and was ...
- November 6, 2023
Citigroup is reportedly weighing wide-ranging job cuts as part of its CEO’s reorganization plans.
Managers and consultants at work on “Project Bora Bora” — the in-house code for CEO Jane Fraser’s restructuring ...
- October 30, 2023
Institutional inertia is real, and it’s holding some incumbent businesses back while digital upstarts flourish.
This situation is particularly acute for financial institutions (FIs) that find themselves facing an ever-shifting ecosystem ...
- October 19, 2023
Citi and Navan have launched a new travel and expense system for Citi Commercial Bank (CCB) cardholders, the companies said Thursday (Oct. 19).
This collaboration combines Navan’s all-in-one solution with Citi’s ...
- October 15, 2023
America’s largest banks say their profits from high interest rates could soon take a hit.
As the Financial Times (FT) reported Saturday (Oct. 14), larger lenders are telling investors that they’ll eventually ...
- October 13, 2023
PNC Financial Group began staff reductions that will decrease its workforce by 4%.
The move is expected to reduce the company’s 2024 expenses by $325 million at a time when it ...
- October 13, 2023
Consumer spending is still growing but slowing, especially among those with lower FICO scores, Citi reported Friday (Oct. 13).
“The growth in spending is decelerating and the consumer is more mindful ...
- October 5, 2023
Paymentus Holdings stock retreated 4% Thursday (Oct. 5) after being downgraded to Neutral by Citi analyst Ashwin Shirvaikar.
This downgrade was primarily driven by the stock’s substantial gains this year, which have reached 79% year-to-date, ...
- October 3, 2023
Citi announced that Costco Anywhere Visa cardmembers can now access its buy now, pay later (BNPL) option, Citi Flex Pay, to pay for purchases.
The option allows cardholders can pay over ...
- September 21, 2023
PYMNTS’ Provider Ranking of Credit Card Apps tracks the ever-changing landscape of credit card mobile applications each month. In the latest edition, ties from last month have parted ways, and ...
- September 19, 2023
Industries are defined by what customers do, not what companies produce.
And if something doesn’t scale up across a global audience, then it isn’t worth much.
That’s why, as more small- to medium-sized businesses ...
- September 18, 2023
Citi Treasury and Trade Solutions has unveiled a digital asset solution designed to enhance cash management and trade finance capabilities.
By using blockchain and smart contracts, the new Citi Token Services ...
- September 18, 2023
Citi TTS North America Head of Payments and Receivables Anupam Sinha told PYMNTS’ Karen Webster that 2023 has been a year where companies have focused on cost reductions.
Nonetheless, said Sinha, among ...
- September 18, 2023
The Banking group, overall, was up 3.9%. And within that sector, several marquee names announced management changes or initiatives designed to revamp operations.
Citi added 5.2%. As reported here, Citi said this past ...
- September 15, 2023
Citigroup has reportedly begun the layoff process after announcing a management overhaul on Wednesday (Sept. 13).
Support staff in compliance and risk management at the bank are expected to be the most ...
- September 14, 2023
Citi Treasury and Trade Solutions has unveiled a suite of payment solutions tailored for financial institutions (FIs), aiming to help them enhance their client experience.
The four new functionalities are designed to ...
- September 13, 2023
Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers.
The new structure, announced Wednesday (Sept. 13), elevates the leaders of the banking giant’s five ...
