Citi and Navan Introduce All-in-One Travel Solution for CCB Cardholders

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 leading commercial card solutions, utilizing Navan Connect’s card-link technology. The system aims to provide a seamless digital experience for Citi Commercial Bank cardholders and will initially be available to U.S.-based clients. Citi’s Treasury and Trade Solutions (TTS) business is working with Citi Commercial Bank to offer a differentiated solution for mid-market clients.

Gonca Latif-Schmitt, global head of Citi’s Commercial Cards, highlighted the benefits of this collaboration, stating, “This collaboration provides an opportunity for Citi to grow its Commercial Cards business by partnering with our Commercial Bank, while also offering travel booking and expense management technology.” Citi currently supports over 25,000 global commercial card programs and 7 million cardholders worldwide, with an annual charge volume of over $42 billion in the U.S. alone.

Ariel Cohen, CEO and co-founder of Navan, emphasized the value of Navan’s technology and the real-time visibility and control it offers finance teams and traveling employees. He stated, “Before Navan Connect, banks were limited to offering their customers disparate travel and payment solutions. Today, Navan and Citi are helping to make travel and expense management easy for Citi Commercial Bank clients.”

The partnership with Citi is a significant development for Navan, as it expands its addressable market significantly. Citi, being the third largest bank in the U.S., provides a substantial customer base for Navan’s travel and expense system.

Citi will offer its commercial clients the option to integrate with Navan’s software, eliminating the need for cardholders to file expense reports for travel-related or other expenses.

This collaboration between Citi and Navan marks a significant step in streamlining travel and expense management for Citi Commercial Bank clients. With Navan’s innovative technology and Citi’s extensive customer base, the new travel and expense system aims to provide a more efficient and user-friendly experience for cardholders.