Citi

Citi Begins Rollout of Integrated Digital Bill Discounting Solution
Citi Begins Rollout of Integrated Digital Bill Discounting Solution
October 28, 2024  |  Accounts Receivable

Citi has launched an integrated digital bill discounting solution that it said helps users monetize receivables in less than an hour. The new Citi Digital...

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Citi Turns to Google Cloud to Update AI and Digital Strategy
Citi Turns to Google Cloud to Update AI and Digital Strategy
October 28, 2024  |  Digital Banking

Citi has teamed with Google to use artificial intelligence (AI) and cloud technology to bolster its digital strategy. The collaboration, announced Monday (Oct. 28), is...

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Digital Upstarts Set Sights on Impacting Trade Finance
Digital Upstarts Set Sights on Impacting Trade Finance
October 22, 2024  |  Supply Chain

Back in 2019 — a lifetime ago, before the pandemic uprooted everything — PYMNTS published a report titled “The Trade Credit Dilemma,” spotlighting the $3.1...

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Earnings Season Gives Glimpse Into Big Banks’ Private Credit Ambitions
Earnings Season Gives Glimpse Into Big Banks’ Private Credit Ambitions
October 20, 2024  |  Banking

The big banks have weighed in this earnings season — not just on credit and debit, and consumer spending and Basel endgames … … they’ve...

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Citigroup CEO Sees ‘Surprisingly Resilient’ Global Consumer Spending
Citigroup CEO Sees ‘Surprisingly Resilient’ Global Consumer Spending
October 15, 2024  |  Earnings

Citigroup’s earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days: Investment banking and trading revenues were...

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Tech Sector Cash Flows Hampered by Keeping Treasurers in the Dark
Tech Sector Cash Flows Hampered by Keeping Treasurers in the Dark
October 15, 2024  |  Technology

Technology industry treasurers face different challenges than their peers in other sectors. For example, only 50% report having strong influence in decision-making, far below other...

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Citi Debuts Token Services for Cash Cross-Border Payments Tool
Citi Debuts Token Services for Cash Cross-Border Payments Tool
October 10, 2024  |  Cross-border Payments

Citi says its Token Services for Cash program has gone live after a pilot phase. The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar...

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Citi and Mastercard Partner on Cross-Border Payments to Debit Cards
Citi and Mastercard Partner on Cross-Border Payments to Debit Cards
October 10, 2024  |  Cross-border Payments

Citi and Mastercard have teamed up to enable cross-border payments to Mastercard debit cards. The companies are launching this capability in 14 receiving markets across...

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OpenAI Liquidity Reaches $10 Billion With New Credit Facility
OpenAI Liquidity Reaches $10 Billion With New Credit Facility
October 03, 2024  |  artificial intelligence

The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech...

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