The CE 100 Stock Index lost 6.7% as Silicon Valley Bank collapsed during a dramatic week that raises questions about FinTechs and startup funding. It remains unclear what the ripple effects will be from SVB’s failure — and how widespread they will be. All pillars tracked by...
Versana, a loan platform founded by four of the world’s largest banks, announced its launch Wednesday (March 16), saying it wanted to bring “transparency, efficiency and velocity” to the $5 trillion syndicated loan market. Founded by J.P. Morgan, Bank of America, Citi and Credit Suisse...
As earnings season gets underway, a trio of big bank earnings points to variations on some themes: Consumers are still spending, loan losses seem manageable … and technology underpins it all (and the banks will have to keep spending on tech to keep apace with...
Ashish Bajaj will join Citi Treasury & Trade Solutions as Global Head of Financial Institutions (FIs) Sales, a press release says. There, his responsibilities will include working with sales activities and overseeing growth, revenue generation from sales and making the client experience better, along with...
March 13, 2023
The CE 100 Stock Index lost 6.7% as Silicon Valley Bank collapsed during a dramatic week that raises questions about FinTechs and startup funding. It remains unclear what the ripple effects will be from SVB’s failure — and how widespread they will be. All pillars tracked by PYMNTS fell, led by the banking segment, which slid 10.6% […]
August 17, 2020
The COVID-19 pandemic has made businesses and banks race to find solutions for immediate problems in recent months, but these firms must also consider how the pandemic could affect their...
June 26, 2020
Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by...
May 22, 2020
The pandemic is accelerating the shift to digital at speeds no one could have imagined just a few months ago. But there have been gaps along with the pivot, where...
June 19, 2024
Which industry’s job market will be most impacted by artificial intelligence (AI)? According to a new report by Citi, a little more than half — 54% — of jobs in the banking sector have a higher potential for automation, while another 12% could be augmented by AI. “AI-powered clients could increase price competition in the […]
March 16, 2022
Versana, a loan platform founded by four of the world’s largest banks, announced its launch Wednesday (March 16), saying it wanted to bring “transparency, efficiency and velocity” to the $5...
November 03, 2021
Ashish Bajaj will join Citi Treasury & Trade Solutions as Global Head of Financial Institutions (FIs) Sales, a press release says. There, his responsibilities will include working with sales activities...
February 23, 2021
Citibank has announced that it is rolling out Citi Plus, its Hong Kong project which it recently brought out of beta, according to a press release. The company touts the...
