Tag "Citi"
Citi Singapore Appoints Matt Read as Retail Banking Head to Triple AUM by 2025
Citi Singapore has announced the appointment of Matt Read as its Retail Banking Head, effective 17 April, where he will be part of the senior management group. Matt will lead Citi’s local team to deliver on the bank’s aim to
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Citi Appoints Tibor Pandi as Singapore Country Officer
Citi announced that it has appointed Tibor Pandi as the Citi Country Officer (CCO) for Singapore from 1 February onwards. In his new role, Tibor will have oversight of all businesses and operations in the country and will be responsible for
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SME Lender Validus and Citi Set Up US$100 Million Securitisation Facility
Southeast Asian SME growth financing platform Validus and Citibank announced the establishment of a US$100 million securitisation facility. This will be collateralised by SME loans originated by Validus in Singapore. In March this year, Validus announced that it had inked
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Validus Inks Deal to Acquire CitiBusiness’ Loan Portfolio in Singapore
Southeast Asian SME growth financing platform Validus announced that it has entered into an agreement to acquire CitiBusiness’ loan portfolio in Singapore. The move is set to bolster Validus’ revenue, customer base, and expand its growing loan book. Validus’ acquisition
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Meet the 15 Finalists for MAS’ Global CBDC Challenge
The Monetary Authority of Singapore (MAS) has announced the 15 finalists who have developed retail Central Bank Digital Currency (CBDC) solutions for the Global CBDC Challenge. The finalists, comprising financial institutions, fintechs and technology solution providers, will progress to the
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Citi Launches Automated Securities Lending Platform for Wealth Managers With Sharegain
Citi has launched a fully automated securities lending solution for the wealth management firms that it provides custody services to in partnership with London-based fintech firm Sharegain. Led by close partnership between Citi Ventures and Citi’s Agency Securities Lending (ASL)
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Grab Ties up With Citi to Offer in-App Loans
Citi and Grab, South East Asia’s super app, have expanded their partnership in consumer lending with the launch of the bank’s first API-enabled lending capability in Asia Pacific. Beginning with Singapore with more markets in the region to follow, existing
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Spark Systems’ S$15M Round Includes Investments from HSBC, Citi and OSK
Singapore based financial technology start-up Spark Systems announces the successful completion of the first close of Series BB funding round raising a total of S$15m (US$10.5m) from two Tier 1 global banks and a South East Asia focused investment firm.
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Citi Enters Partnership with one of the Hottest Fintechs in Vietnam
Citi Treasury and Trade Solutions announced a strategic partnership with Vietnam-based intermediary payment service provider Payoo to facilitate consumer-to-business collections for corporate clients in the country. Under the partnership, Citi’s corporate clients in Vietnam will be able to receive real-time
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4 Banks in Asia Pacific That Are Winning Open Banking Adoption
Following the UK banks’ ambitious move towards open banking, fintech hubs across the globe have been following suit, leading to a banking revolution that could fast-track the development of fintech—particularly fintech based on personal wealth and spending habits. With Singapore’s
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