Citi - FinTecBuzz

Upstart & Fortress Investment Group Announce $1.2B Agreement

May 7, 20252 min

Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced a forward-flow commitment from funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). Fortress has agreed to purchase up to $1.2 billion of consumer loans originated on the Upstart platform through March 2026. “This forward-flow agreement with Upstart reflects our continued pursuit of high-quality, risk-adjusted consumer credit assets,” said Matt Biczak, Managing Director at Fortress Investment Group. “Upstart’s platform provides access to...

by PRNewswire

Insurance

Nationwide to Acquire Allstate Employer Stop Loss Business for $1.25 bn

January 31, 20254 min

The acquisition will strengthen and diversify Nationwide's portfolio, meeting more of the financial services needs of small businesses

by BusinessWire

Payments

Citi Launches SEPA Instant Payments in Europe

May 5, 20224 min

Citi has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, further increasing the bank’s global Instant Payments offering. The launch will provide clients with the ability to pay to and receive from 36 SEPA countries instantly. The offering allows SEPA Credit Transfers to be made within seconds, 24/7 and funds available to recipients immediately. Payments can be made to and received from SEPA Instant participating banks located anywhere within the...

by BusinessWire

Banking

Global Bank Citi Launches New Futures Algorithm Platform

January 22, 20215 min

Introduces ‘Arrival’ Flagship Intelligent Execution Strategy

by BusinessWire

Banking Platform

Leading Global Bank Citi Unifies Global Wealth Management Business

January 14, 20215 min

“Citi Global Wealth” to Deliver Full Spectrum of Products and Services Globally

by BusinessWire

Banking

Citi’s Institutional Online Banking Platform Earns Top Ranking

January 11, 20217 min

Citi Achieves Top Ranking for Fifteenth Consecutive Year

by BusinessWire

Banking Platform

Citi Named World’s Best Foreign Exchange Bank by Global Finance

November 23, 20203 min

Bank Honored Across a Number of Global and Regional Categories

by BusinessWire

Banking

Citi Launches New Client Reporting Solution

September 23, 20204 min

Citi has launched a new client reporting solution as the latest enhancement to its middle office services. The new reporting service is built on the industry’s latest technology, including the Vermilion Reporting Suite, a leading global client reporting platform, coupled with Citi’s own Clarity data and analytics platform. “This enhancement is the result of significant investments Citi has made in technology and intensive teamwork between Citi and our anchor client,” said Sanjiv Sawhney, Global Head...

by BusinessWire

Investment Platforms

Citi partners with Blackrock via investment technology platform

July 13, 20205 min

Citi has entered into an alliance with BlackRock, through its Aladdin® business to enhance the delivery of securities services to Citi’s clients who utilize the Aladdin end-to-end investment management platform. Connecting to Aladdin Provider, Citi will provide outsourced middle office services directly on a client’s instance of Aladdin for seamless integration with their front office, from trade confirmation to post settlement reconciliation. “We are thrilled to join BlackRock’s Aladdin Provider network,” said Sanjiv Sawhney, Global Head...

by BusinessWire

Banking Platform

Citi to be the depository banking solution for Amryt Pharma

July 9, 20203 min

Citi, acting through Citibank N.A., has been appointed by Amryt Pharma Plc (“Amryt”) – a global, commercial-stage biopharmaceutical company dedicated to commercializing and developing novel therapeutics to treat patients suffering from serious and life-threatening rare diseases – to act as depositary bank for its American Depositary Receipt (“ADR”) programme. Amryt’s American Depositary Shares (“ADS”) trade on the Nasdaq Global Select market under the symbol “AMYT”. Each ADS represents five ordinary shares of the company. Amryt’s...

Older Posts