Tag "Citi"

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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Citi Launches Apple Pay in Singapore and Hong Kong

Citi brings its credit card customers in Singapore, Hong Kong and Australia Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that is fast and convenient. Apple Pay will be introduced to Citi

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Singapore Selected as a Demo Day Country for Citi’s Global FinTech Initiative

Citi announced that Singapore has been selected as one of the countries to hold a Demo Day for its latest global FinTech initiative, the Citi Tech for Integrity Challenge(T4I), targeting the Public Sector. The Monetary Authority of Singapore has committed

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