Tag "Citi"
Citi Establishes Two New Wealth Advisory Centers in Singapore
Citibank Singapore has expanded its footprint in the country with the opening of two new wealth advisory centers, marking the bank’s enhanced commitment to the island-state as a crucial hub for its wealth management operations. The inauguration of the center
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Will Generative AI Fundamentally Reshape Banking?
A technology revolution is underway that stands to transform the banking industry fundamentally. Generative AI, which burst onto the scene in early 2023, leverages advanced natural language models to automate a vast range of cognitive tasks. As this versatile innovation
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Citi Wraps Up Asian Consumer Banking Exit with Sale to UOB Indonesia
Citi has officially completed the transfer of its consumer banking operations in Indonesia to United Overseas Bank Indonesia (UOBI), in a move marking its ninth and final sale in its strategic refresh plan. This sale, which includes Citi’s retail banking,
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810,000 Failed Logins, 2.5M Transactions Affected by DBS and Citi’s Service Disruption
The impact of the DBS and Citibank digital banking disruption on 14 October was wide, with up to 810,000 attempts to access the digital banking platforms of both banks failing between 2.54 pm and 4.47 am the following day. Approximately
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MAS to Take Supervisory Action Against DBS and Citibank After Service Disruptions
The Monetary Authority of Singapore (MAS) has instructed DBS Bank and Citibank to investigate why they were unable to fully recover their systems within the set timeframe during a recent banking services disruption. MAS requires all banks to have in
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Citi to Pilot Digital Platform for Commercial Banking Clients in Singapore, India, HK
Citi announced that it will pilot its new platform in the second half of 2023 across Singapore, India, Hong Kong, and the U.K. This is part of Citi’s significant strategic investment plan to meet the growing global needs of these
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MAS Proposes Digital Asset Framework, Expands Project Guardian Scope
The Monetary Authority of Singapore (MAS) has published a report proposing a framework for designing open, interoperable networks for digital assets. The report Enabling Open & Interoperable Networks was jointly developed with the Bank for International Settlements’ (BIS) Committee on
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LinkedIn Ranked DBS, StanChart, Grab as Best Workplaces to Grow a Career in Singapore
LinkedIn, a business and employment-focused social media platform, has ranked DBS Bank as the best workplace to grow a career in Singapore. The 3rd annual LinkedIn Top Companies also featured other financial institutions including Standard Chartered Bank, Mastercard, Citi, Grab,
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Singlife Taps Citi and Blackrock to Revamp Its Investment Capabilities
Financial services company Singlife has appointed Citi and investment company BlackRock for a technology platform to transform its asset management capabilities from end-to-end. Singlife’s integration with Citi and BlackRock’s Aladdin platform will provide clients with complete portfolio management capabilities that
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UOB Completes Citi’s Consumer Banking Acquisition Deal in Vietnam
UOB has finalised the acquisition of Citigroup’s consumer banking business which comprises its lending portfolios, wealth management and retail deposit businesses in Vietnam. The completion of the acquisition had also included the transfer of approximately 575 Citigroup related staff to
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