Post Tagged with: "Citigroup"

Hot Hashtag: Let’s Talk About #Funding

Hot Hashtag: Let’s Talk About #Funding

by September 28, 2016 at 10:45 am 0 comments

There’s been a lot of chatter in the finech space about #funding lately—it’s an important area for all businesses, no doubt, with the hashtag reaching over 3.3 million users on Twitter, according to data from Hashtracking, but the stakes are particularly fierce in fintech, where so many fledgling startups areRead More

Credit Karma Hits 60 Million Users, Will Add Mortgages

Credit Karma Hits 60 Million Users, Will Add Mortgages

by September 9, 2016 at 9:37 am 1 comment

Credit Karma now has 60 million users. Yes, that zero is supposed to be there. And the company, which gives out free credit scores and generates revenue from selling lending leads, is adding 1 million to 2 million users — which the company calls “members” — per month, a Credit Karma official told anRead More

Gavin Michael Leaves Chase to Head Up Consumer Tech at Citi

Gavin Michael Leaves Chase to Head Up Consumer Tech at Citi

by August 16, 2016 at 10:48 am 0 comments

There was a shakeup in the highest echelons of fintech today as Citigroup announced Gavin Michael, head of digital at JPMorgan Chase, will join Citi as head of technology for global consumer banking. This role encompasses the digitization efforts of Citi’s consumer businesses, the bank said today. That includes cards, retail banking andRead 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

Banks Should Look Within for Fintech Entrepreneurs

Banks Should Look Within for Fintech Entrepreneurs

by June 20, 2016 at 12:52 pm 2 comments

Banks spend a great deal of time, money, and energy building technology to compete with fintech companies, but the CEO of innovation software maker Spigit has a message: Don’t bother. Why is that? “You’re too late,” Spigit CEO Scott Raskin told Bank Innovation, referring to the banks.”By the time these companies reachRead More

Citi Shows Off the Eye-Popping Power of Virtual Reality for Trading [VIDEO]

Citi Shows Off the Eye-Popping Power of Virtual Reality for Trading [VIDEO]

by June 17, 2016 at 10:56 am 3 comments

We’ll say this: virtual reality trading looks cool. Citigroup released a video earlier this week that shows the potential (tremendous) power of virtual reality to present data for trading. The example used is a trader at a workstation with a massive monitor — the technology could equally be used with mobile devices —Read More

Grip of Liquidity Crisis Tightens on Lending Club, Prosper

Grip of Liquidity Crisis Tightens on Lending Club, Prosper

by May 27, 2016 at 11:57 am 2 comments

Alternative lenders are looking for, well, alternatives to survive tough times. Matt Harris of Bain Capital Ventures commented to Bank Innovation last Friday that alternative lenders might need to give up equity or make other concessions in order to secure funding. He was proven correct just days later when ProsperRead More

Asian Fintech Deal Sizes Dwarfed Those of U.S. in 2015

Asian Fintech Deal Sizes Dwarfed Those of U.S. in 2015

by March 9, 2016 at 2:13 pm 0 comments

Asian fintech deal sizes dwarfed U.S. deal sizes in 2015, a new report from KPMG and CB Insights shows. Global fintech funding skyrocketed in 2014 and 2015, but tapered off in the fourth quarter of 2015, with the implication that 2016 won’t be so sweet, according to the report. But yesterday’s AntRead 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