Transactions: SAS acquires risk management company Kamakura Corporation
Analytics software company SAS has completed its acquisition of risk management company Kamakura Corporation, the companies announced Monday. Terms of ...
Tag: Citi
Fintech Funding: Backbase secures $128M, clears $2.7B valuation
Backbase has raised $130 million in a series A round, the company announced this week. The self-styled “engagement banking” fintech ...
Citi backs Arteria AI for automated contract workflows
Arteria AI will automate contract lifecycle management for Citi and expand its footprint on the back of an undisclosed investment. ...
Citi speeds ‘full-throttle’ toward AI-based credit management
NEW YORK CITY — Citi is blazing a path toward comprehensive AI-based credit management. One of the nation’s largest banks, ...
Citi deploys its tech officers to minority-owned banks in DEI effort
Citi is furthering its “technology for good” focus, deploying two tech leaders to serve as chief technology officers at minority-owned ...
Fintech Funding: QuadFi secures $100M for alternative digital lending
Canadian digital lender QuadFi has raised $100 million in debt financing, the fintech announced Wednesday. QuadFi, founded in 2015, uses ...
Citi to spend $11B on tech in 2022
Citi plans to spend $11 billion on technology this year, an 11% year-over-year increase. “This year, we’ve budgeted approximately $11 ...
Visa to connect real-time platform to digital wallets
Visa is planning to connect its real-time platform to digital wallets, which could provide greater access to the company’s payments ...
Citigroup uses ML, AI to reduce sanctions headaches
Citigroup is leveraging machine learning and artificial intelligence to reduce the burden of sanctions. “It’s been hugely impactful in the ...
Citi Commercial Cards selects Marqeta for tokenized card provisioning
Citi Commercial Cards will deploy payments fintech Marqeta to support tokenized card access for its corporate customers. Marqeta will integrate ...
