Citi

Abu Dhabi Fintech Secures $500 Million Credit from Citi to Fuel Growth

12 days ago

In a significant move within the financial technology sector, an Abu Dhabi-based fintech company has successfully arranged a line of credit totaling $500 million from Citigroup. This development marks a pivotal moment for the regional fintech landscape, combining financial innovation with substantial backing from one of the world's leading financial institutions.

Vancouver Mayor Advocates for Bitcoin Integration in City Finances

16 days ago

In a groundbreaking move that could pave the way for broader cryptocurrency adoption in municipal governments, Vancouver's Mayor has introduced a proposal to incorporate Bitcoin (BTC) into the city’s financial framework. This initiative aims to modernize municipal services and enhance financial efficiencies, sparking interest and debate among local residents and financial experts alike.

Citigroup Expands Its Reach in the Mortgage Market with Strategic Investment in Pylon

24 days ago

In a bold move to enhance its footprint in the competitive mortgage sector, Citigroup has announced a significant investment in Pylon, a cutting-edge technology platform designed to streamline the mortgage process. This partnership signals Citigroup's intent to leverage innovative technology solutions to improve efficiency and customer experience in mortgage lending, as well as to position itself as a major player amidst rising competition in the market.

Innovations Unveiled: Highlights from Bloomberg Technology on November 4, 2024

2 months ago

In this latest episode of Bloomberg Technology, the focus was on several groundbreaking advancements shaping the tech landscape. From significant updates in artificial intelligence (AI) to developments in renewable energy technology, the show provided viewers with an in-depth look at pivotal trends influencing both businesses and consumers.

Revolutionizing Transactions: Citi and Mastercard Collaborate on Cross-Border Debit Card Payments

2 months ago

In a significant move towards enhancing global financial transactions, Citi and Mastercard have announced their partnership focused on providing a seamless experience for cross-border debit card payments. This collaboration aims to simplify the way consumers can manage international transactions, minimizing hassle and enhancing convenience.

Uber Partners with China’s WeRide to Offer Robotaxi Rides in UAE

3 months ago

In what is arguably a revolutionary first in innovative mobility for people and products, Uber Technologies Inc. has partnered with China's self-driving company WeRide to introduce the robotaxi services into the UAE. The agreement between the two companies marks the beginning of a significant milestone toward deploying autonomous vehicle technologies across the region. It's bound to push a revolutionary transportation solution into the bustling metropolis of the Middle East.