Citi Fintech launched in the fall of 2015 to build the bank of the future, but it has yet to release a product. Now Citigroup‘s innovation unit has lost its CEO. USAA announced today that Citi Fintech CEO Heather Cox was joining the bank as chief technology and digital officer, a newRead More
Post Tagged with: "Citi"
Is Citigroup going to partner with Square to offer the startup’s peer-to-peer payments service to Citi customers? That’s the implication from a recently published article in Fortune. Square Cash was launched by Square in 2013 for P2P payments. The service is available in the U.S., and for both personal orRead More
The tumult surrounding the $28,500 loan through Prosper to Syed Rizwan Farook, one of the shooters that killed 14 people, can only be called misguided. There’s also a streak of disingenuousness coming out of bank regulators that deserves to be called out. What is clear is that Farook, the husband inRead More
When Citi Ventures launched its accelerator with Plug and Play, the San Francisco build-an-accelerator outfit, last December, the Citigroup investment arm said it was doing so “to [accelerate] emerging technologies that have the potential to transform financial services experiences for Citi’s customers.” Those “emerging technologies,” however, appear to be skewingRead More
Yes, Citibank, Fidelity, Desjardins, Scotiabank’s Tangerine unit, and even Mint have launched Apple Watch apps. But Misys is the only third-party technology vendor to put out a Watch app so far. The app, which was reported by Finextra a couple weeks ago, has largely remained unseen. Until now. The tech vendorRead More
Citigroup announced on Wednesday that its app update, released today, will let users access basic banking information for their accounts without having to log in or input any information. The new feature, rolled out to both iOS and Android devices, is called Snapshot and will show deposits, account and creditRead More
SEATTLE — Three companies were awarded 2014 Bank Innovation Awards yesterday here for their noteworthy innovation accomplishments over the last 12 months. The awards, which celebrate innovative successes in the financial services sector, are presented annually at our Bank Innovation conference to financial services companies that went beyond the obviousRead More
There is a wider range of mobile data for banking apps to leverage than previously contemplated. Some of the mobile-focused application builders see a wide array of mobile data streams available to banking apps — and that means, fintech providers are largely limited by their imaginations, rather than technical impediments.Read More
Call it a “fat” lip for Citibank. The Citigroup-sponsored Citi Bike initiative is weathering charges of “discrimination” over weight limits of 260 pounds on its Citi Bikes, the public network of 10,000 bicycles in New York sponsored by the mega bank. According to The New York Post: Can obese cyclistsRead More
Corbat’s discussion of digitization begins around the 5:45 mark.