Lenders and credit reporting firms are still working through how to handle the current state of the US consumer; lenders...
Citigroup’s new robo-advisor will be free for customers who have at least $50,000 in deposits or investments; this is the...
According to a new study released by J.D. Power consumers gave the highest ratings to some of the biggest banks...
According to the Wall Street Journal Goldman Sachs is going after yet another new line of business: corporate treasury services;...
John Gerspach, Chief Financial Officer of Citigroup stated at an investor conference they are building the foundation which will support the launch of a national digital consumer bank launch in the next three years; the bank currently has around 700 bank branches which is far fewer than the three biggest banks. Source
Citigroup will provide funding for mortgages which will eventually be securitized and sold; the terms of the deal were not disclosed; LendInvest has continued to grow loan volumes with 2017 volume at 500 million pounds. Source
American Banker takes a close look at how APIs are being used at some of the world’s leading banks and...
JPMorgan Chase plans to block fintechs from screen scraping as they believe the practice is putting the bank at greater...
Citigroup led the $20 million round and the company is now worth $200 million; Citigroup plans to use the startup’s technology which uses natural language processing to improve customer interactions; the software converts audio conversations into text and then uses sentient analysis algorithms to detect questions, and whether it was a positive or negative interaction; it also works to determine bearish and bullish markets for traders. Source
Citigroup has a new small business loan offering offered through a branded partnership with Biz2Credit; the partnership follows new small business offerings from JPMorgan and Wells Fargo; Rohit Arora from Biz2Credit said the partnership has not been widely publicized because it is in very early stages; small business lenders use a website interface managed by Biz2Credit that submits their information to a Citigroup banker for follow up; Arora also said the new small business loan offering is part of the bank's Community Reinvestment Act obligations. Source