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Citi FinTech lets consumers define the future of banking

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Earlier this year, the Canvas community started testing account aggregation, which provides customers with a holistic view of their financial lives across various accounts and financial service providers to receive tailored insights for improving their financial wellness. Ultimately, these types of tools allow people to identify and analyze Wants, Needs, and Goals, which affect how they think about spending money.

Citi has long invested in customer insights and input: 

Ÿ• In 2017, Citi facilitated 25,000 instances of customer co-creation, averaging 120 customers per day

•Ÿ The company also hosted hundreds of in-depth customer interviews across all segments, adding a whole new layer to the traditional customer feedback loop

With Canvas, Citi has developed an innovative mechanism that promises to further hone and scale this commitment to collaboration.

Collaborative communities like Canvas will drive the future of improved financial wellness. If you’re ready to invent what’s next, visit Canvas designed by Citi, to learn more about the community. Once you register to become a future beta tester, you will be notified when a new test is released.

Want to help shape the future of banking? The power is in your hands.

Blockchain

Crypto.com Now Enabling Cosmos’ Inter-Blockchain Communication Functionality for Cross-Chain Transfers

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Hong Kong-based Crypto.com announced on Thursday it is now enabling Cosmos’ Inter-Blockchain Communication (IBC) functionality for cross-chain transfers. According to Crypto.com, According to the duo, this integration creates new capabilities for future cross-chain implementations of the Crypto.org Chain and other IBC-enabled chains. 

The integration allows for the transferring and receiving of assets (tokens) and data using the ICS20 standard on the Crypto.org Chain Mainnet.  IBC assets will be available in the Bank module of the Crypto.org Chain, and CRO on other IBC-enabled chains.”

Cosmos and Crypto.com further revealed as part of its development on IBC, the project will create a bridge between Crypto.org Chain to Ethereum protocols, bringing on board Ethereum developers as innovative projects to the Crypto.org Chain ecosystem. Sharing more details about the integration, Eric Anziani, COO of Crypto.com, stated:

“The Inter-Blockchain Communication Protocol (IBC) enables self-sovereign networks to connect, which will lead to building a strong ecosystem of networks thanks to the flexibility and open nature of IBC. The IBC launch marks the end of “network tribalism”. It also aligns with one of Crypto.org Chain’s goals of building  an open ecosystem — one that is welcoming to and supported by innovative projects, including Payments, DeFi and NFT initiatives.”

Founded in 2016, Crypto.com serves over 10 million customers today with its crypto app, along with the Crypto.com Visa Card, the Crypto.com Exchange, and Crypto.com DeFi Wallet.

“Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175098-crypto-com-now-enabling-cosmos-inter-blockchain-communication-functionality-for-cross-chain-transfers/

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Fintech

Community bank taps Neocova to ramp up data-driven insights

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The Bank of St. Elizabeth, has tapped technology provider Neocova to help it derive business insights from its data in a partnership announced Thursday that will help the $180 million community bank unify its data on a single platform to run atop the bank’s core technology. Like other community banks and credit unions, the St. […]

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bankautomationnews.com/allposts/retail/community-bank-taps-neocova-to-ramp-up-data-driven-insights/

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Fintech

5 Questions with Citizen Bank VP of Innovation RJ Sherman

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RJ Sherman, the chief innovation vice president at Citizens Bank, isn’t a believer in using technology for technology’s sake. Sometimes, he noted, older technology can be a better solution than trendy technology. Sherman spoke with Bank Automation News about the role automation plays at the Providence, R.I.-based bank, the emerging technology he’s most excited about, […]

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bankautomationnews.com/allposts/cust-xper/5-questions-with-citizen-bank-vp-of-innovation-rj-sherman/

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Fintech

Divvy Sells to Bill.com for $2.5 Billion

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Corporate expense management platform Divvy has agreed to sell to small business financial software provider Bill.com for $2.5 billion.

Adding Divvy’s technology to its platform expands Bill.com’s solution. The new capabilities will help the California-based company enable its 115,000 customers to automatically manage accounts payable, accounts receivable, and corporate card spend. Additionally, Divvy’s tools will offer businesses real-time insight into their B2B spending and provide them access to multiple payment solutions.

Combining the two companies also boosts Divvy’s capabilities. The Utah-based company will be able to offer its 7,500 small business customers automated payable, receivables, and workflow capabilities. “As we listened to our customers, we heard them ask for a comprehensive payments platform so that they don’t have to use multiple software systems to manage their finances,” said Divvy CEO and Co-Founder Blake Murray. “Today I’m proud that Divvy is joining Bill.com to bring the one-stop-shop platform that our customers and the market have been asking for.”

“Since founding Bill.com, I have been driven by the desire to build solutions that make a real difference for small and mid-sized businesses. Customers have been asking us to help them with their spend management, and I am excited that together with Divvy, we can deliver on that ask, furthering our vision to transform SMB financial operations. Our expanded platform will provide more automation and real-time information to SMBs, enabling them to make more informed decisions,” said Bill.com CEO and Founder René Lacerte. “We are excited to work with the talented Divvy team. We have a shared passion for helping SMBs succeed and both companies are driving our customers’ digital transformations. Together, we can further empower SMBs to transition quickly and easily.”

Today’s deal is expected to close by the end of September and is subject to regulatory approvals closing conditions.

Bill.com was founded in 2006 and went public in 2019. With a market capitalization of $12.33 billion, the company trades on the New York Stock Exchange under the ticker BILL.

Founded in 2016, Divvy has raised $418 million from investors including PayPal Ventures, Insight Partners, and New Enterprise Associates.


Photo by Maranda Vandergriff on Unsplash

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://finovate.com/divvy-sells-to-bill-com-for-2-5-billion/

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