- 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 ...
- August 24, 2023
Citi says it is investing in Peruvian foreign exchange (FX) FinTech Rextie.
“The investment makes Rextie Latin America’s first FX FinTech to receive an investment from one of the largest banks in the ...
- August 23, 2023
Citi has introduced a series of new offerings designed to streamline its retail banking business.
The new services, announced Wednesday (Aug. 23), come weeks after the banking giant reported a jump in revenue from ...
- August 22, 2023
Commercial card adoption, long sidelined by businesses because of cost concerns, is experiencing a renewed interest in business-to-business (B2B) transactions. The primary drivers of this change in outlook include today’s ...
- August 18, 2023
Etsy, eBay and Craigslist marked the “first generation” of ReCommerce sites — where anybody could sell just about anything to anyone.
Etsy, Poshmark and Depop took the concept a bit further, ...
- July 25, 2023
Generative artificial intelligence (AI) has quickly become one of the most important topics of our time, and global banks are beginning to explore the possibilities of the technology so as ...
- July 19, 2023
Citi says it wants to help its commercial banking clients meet their working capital needs.
The banking giant on Wednesday (July 19) announced the launch of its trade and working capital ...
- July 18, 2023
In today’s digital era, business success is built on bits and bytes of information.
That’s because, typically speaking, more data leads to better products, which attract more users, who generate more ...
- July 12, 2023
It’s the middle of July, almost. And thus: Earnings season begins in earnest.
As usual, a slew of big banks will kick things off, beginning Friday (July 14 ), giving insight ...
- July 10, 2023
Citi has launched a “single entry point” digital platform aimed at its commercial banking clients.
The platform, dubbed CitiDirect Commercial Banking, gives customers a better view of their banking activity with Citi in ...
- July 5, 2023
We are increasingly living in a data-driven economy, and businesses must keep up if they want to stay alive, much less compete.
In today’s new world, formerly frontier technologies are being ...
- June 28, 2023
To manage a balance sheet is to protect the heart of any company. Doing so effectively is never more critical than when the economic environment is in flux. The essential ...
- June 16, 2023
As credit becomes more expensive, businesses need to examine how they manage working capital — and how technology can help them do so.
Ron Chakravarti, global head of client advisory, treasury ...
- May 10, 2023
Citi Retail Services is adding new point-of-sale (POS) lending options to its embedded payment capabilities.
The new suite of Citi Pay products can integrate into retailers’ existing payment platforms and provide ...
- May 1, 2023
British consumers are feeling more optimistic about inflation.
Consumers said in April that they expect inflation to be 5.2% a year from now, a figure that was lower than the 5.4% ...
- April 26, 2023
Citi credit card members can now pay over time thanks to a new partnership with Amazon Pay.
The buy now, pay later (BNPL) collaboration, announced Wednesday (April 26) is open to ...
- April 24, 2023
Generative artificial intelligence (AI) is expected to be a plus for the search engine industry.
Citi Analyst Ronald Josey said Monday (April 24) in an investor note that generative AI will ...
- April 18, 2023
Citi India tapped Contour to conduct its first blockchain-enabled letter of credit transaction.
It was the banking giant’s first transaction using Contour, a digital trade finance network of which Citi is ...
- April 12, 2023
Driven by interest rates that, at least for the near future, the Fed hints will continue to rise, banks have reported the market value of issued loans are currently less than ...
- April 12, 2023
America’s biggest banks are reportedly setting aside cash in anticipation of first-quarter losses.
The banking giants that helped shore up struggling First Republic Bank with a $30 billion infusion last month ...
