Tag: Citi
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NY AG sues Citi over denied fraud claims
In a major legal move, the New York Attorney General (NY AG) has filed a lawsuit against Citigroup Inc. (Citi) over allegations of denied fraud claims. The case alleges that Citi unjustly rejected numerous fraud claims made by thousands of customers, causing significant financial harm to those affected. The lawsuit, which was filed on Monday…
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Dillard’s partners with Citi and Mastercard
Enhancing Customer Experience through a Strategic Partnership Dillard’s, one of the largest department store chains in the United States, recently announced its exciting collaboration with financial giants Citi and Mastercard. This strategic partnership aims to revolutionize the shopping experience for Dillard’s customers by offering enhanced payment options, exclusive rewards, and advanced security features. As part…
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Citi and LuminArx Capital launch Cinergy
Citi and LuminArx Capital Launch Cinergy A Revolutionary Partnership in the Energy Sector Leading global financial institution Citi has joined forces with energy investment firm LuminArx Capital to launch Cinergy, a groundbreaking initiative aimed at transforming the energy sector. This partnership aims to address the challenges faced by the industry and drive innovation towards sustainable…
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Citi leads investment round in Colombian fintech Supra
In a significant move for the Colombian fintech industry, global banking giant Citi has taken the lead in a recent investment round for Supra, a promising financial technology startup based in the country. Supra is gaining recognition for its innovative solutions aimed at transforming the financial landscape and making financial services more…
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Citi upgrades its payments suite with Icon Solutions investment
Citi, the renowned multinational investment bank, has announced its latest strategic investment in Icon Solutions, an award-winning payment technology provider. This partnership aims to upgrade Citi’s payments suite, offering improved services and solutions to its global customer base. The investment marks a significant milestone for Citi as it seeks to leverage Icon Solutions’ innovative…
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Citi partners with Traydstream
New collaboration aims to streamline trade finance operations Citigroup Inc., commonly known as Citi, has announced its partnership with Traydstream, a leading provider of trade digitization and automation solutions. This collaboration aims to revolutionize trade finance operations by leveraging Traydstream’s advanced technology and Citi’s global…
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Citi develops a blockchain-based FX solution for Project Guardian
Introduction Citi, one of the leading financial institutions, has recently announced the development of a groundbreaking blockchain-based foreign exchange (FX) solution for their new initiative called Project Guardian. This initiative aims to revolutionize the FX market by enhancing efficiency, transparency, and security through the implementation of distributed ledger technology (DLT). Benefits of the Blockchain-Based FX…
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Citi fined $25.9M over alleged discrimination
In a recent development, Citi, one of the leading global banking giants, has been fined a staggering $25.9 million over alleged discrimination practices. The fine comes as a result of an investigation conducted by the U.S. Department of Housing and Urban Development (HUD), which reveals discriminatory conduct against minority mortgage borrowers. The alleged discriminatory practices…
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Citi settles trades on HKEX Synapse platform
Revolutionizing Trade Settlements in Hong Kong Citigroup announced today that it has successfully settled trades on the Hong Kong Exchange and Clearing Limited’s (HKEX) Synapse platform, marking a significant milestone in the digitalization of trade settlements in the region. Synapse, a state-of-the-art blockchain-powered platform operated by HKEX, aims to streamline trade settlement processes, enhance transparency,…
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Citi partners with Versana
Citi, a leading global bank, has announced a strategic partnership with Versana, a renowned technology firm. This collaboration aims to revolutionize the financial industry through innovative solutions and enhanced customer experiences. Versana, known for its cutting-edge technologies and expertise in data analytics, will provide Citi with advanced tools to analyze vast amounts of financial…
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Citi launches token service for institutional clients
Citi Launches Token Service for Institutional Clients In a bid to enhance the security and efficiency of transactions, Citi has announced the launch of its highly-anticipated token service for institutional clients. The move represents a significant milestone for the global financial giant as it continues to innovate and provide cutting-edge solutions for its customers. The…
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Citi launches four new payment solutions for financial institutions
Citigroup, commonly known as Citi, has announced the launch of four new cutting-edge payment solutions targeted at financial institutions, aimed at providing enhanced transaction capabilities and simplifying the payment process. 1. Citi InstantPay: Citi InstantPay revolutionizes the way institutions process payments by offering real-time, secure, and convenient transactions. The solution incorporates state-of-the-art…
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Foro acquires Bridge by Citi
Exciting Merger in the Financial Industry In a game-changing move, Foro, a leading global financial services company, has announced its acquisition of Bridge, a revolutionary online banking platform developed by Citi. This partnership marks a significant milestone in the fintech industry and sets the stage for a new era of financial innovation. Enhancing Financial Solutions…