Post Tagged with: "Citi"

Banks Build a New Standard for Cross-Border With SWIFT (And Not Blockchain)

Banks Build a New Standard for Cross-Border With SWIFT (And Not Blockchain)

by February 16, 2017 at 11:45 am 0 comments

Cross-border payments are getting an update—but banks are keeping blockchain in the blockchain labs. Instead of distributed ledger technology, banks like Citi, Wells Fargo, and BBVA, are looking to projects like SWIFT’s global payments innovation service — or gpi — which went live today, following its January launch. “If [theRead More

Citi’s Global API Developer Hub Has Nearly 50 APIs One Month After Launch

Citi’s Global API Developer Hub Has Nearly 50 APIs One Month After Launch

by December 20, 2016 at 11:27 am 2 comments

 Citi Fintech kicked off its one-year anniversary this November through the launch of its Global API Developer Hub, a platform that has developed 49 APIs across eight usage categories after just one month of availability. “This was our foray into an open-innovation approach, which is something we’re seeing a lotRead More

PayPal’s Partnership Frenzy Continues with Citi, FIS Deals

PayPal’s Partnership Frenzy Continues with Citi, FIS Deals

by December 15, 2016 at 4:22 pm 2 comments

PayPal is partnering with financial technology provider FIS and Citigroup in order to provide better, faster, stronger digital payments to all users involved—financial institutions, payment processors, and banking customers, it was announced today. “It’s great that our clients can now extend this capability to their customers through PayPal,” says DougRead More

Citi Launches a New Campaign Aimed at Erasing Money Taboos

Citi Launches a New Campaign Aimed at Erasing Money Taboos

by November 28, 2016 at 10:16 am 0 comments

Would you rather teach golf to a two-year old, or talk about your income with a co-worker? That’s just one of the questions Citi is asking consumers with its new advertising campaign aimed at erasing some of the awkwardness involved when talking about money. The company’s traditional ads (which featureRead More

Wirecard Optimistic About Its U.S. Prepaid Card Business

Wirecard Optimistic About Its U.S. Prepaid Card Business

by November 18, 2016 at 2:41 pm 1 comment

Wirecard has crossed the pond and found the U.S. to still be the land of opportunity. After quietly acquiring Citi Prepaid Card Services for an undisclosed amount (in cash) in June, Wirecard is now gearing up for transaction volumes of $6 billion as early as 2017. The Aschheim, Germany-based payments processor expects thatRead More

Citi Fintech Loses CEO Before It Launches a Single Product

Citi Fintech Loses CEO Before It Launches a Single Product

by August 12, 2016 at 3:33 pm 3 comments

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

Citi Appears to Be Pursuing Deal with Square Cash

Citi Appears to Be Pursuing Deal with Square Cash

by June 29, 2016 at 10:51 am 6 comments

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

Blame Regulators for Loan to San Bernardino Shooter, Not Prosper or Citi

Blame Regulators for Loan to San Bernardino Shooter, Not Prosper or Citi

by December 14, 2015 at 10:50 am 0 comments

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

Citi Goes All In on Bitcoin

Citi Goes All In on Bitcoin

by March 31, 2015 at 10:54 am 6 comments

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

First Look at Misys’s Apple Watch App [VIDEO]

First Look at Misys’s Apple Watch App [VIDEO]

by March 31, 2015 at 10:48 am 2 comments

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