Barclays’ Credit Business Remains Strong, Despite Losing American Airlines
American Airlines’ decision to make Citigroup its exclusive credit card partner might be seen as a setback for the partner ...
Tag: Citigroup
Learn how Citigroup drives innovation in global banking, offering advanced payment solutions, financial services, and technology integration to enhance customer experience in the payments and banking sectors.
2023 Ends on a High Note for Credit Cards, but Expect High Risk in 2024
For credit card issuers, 2023 ends with a boom. The trick will be to ensure 2024 does not end with ...
Fnality Completes First Live Transaction
London-based blockchain firm Fnality, along with Lloyds Banking Group, Banco Santander, and UBS, have completed the “world’s first” live transaction, ...
Google Opts to Aid Financial Institutions Instead of Competing with Them
Stop waiting, Google won’t be offering bank accounts from Citi or other partners, instead Google is focusing “primarily on delivering ...
Credit Card Portfolios Slide: Lower FICO Scores, Steal a Co-Brand, or Loosen Up Lending
Based on Bloomberg numbers, nine top credit card portfolios continue to show negative growth. The Financial Times illustrates credit card ...
Bank Reserves, Credit Cards, and COVID: Finally, A Breath of Fresh Air
As the pandemic took hold, U.S. credit card issuers took a cautious step by building loan loss reserves. A driving ...
CECL versus IFRS9: It Looks like U.S. Regulators Got it Right for Credit Cards
Mercator Advisory Group thinks that the credit card industry benefited from the implementation of Current Expected Credit Losses (CECL), even ...
AI for Payment Optimization: Current Practices and Use Cases
The financial industry may not be the first to try the latest technological developments, but they are slowly trying to ...
Why Tech Giants Need Banking Backing in 2020
The 2010s marked the arrival of the fintech revolution. Fintech companies raked in$1.8 billion in global investments at the start of ...
Credit Card Accounting and CECL: Top Bank Impacts Are In
The Current Expected Credit Loss (CECL) accounting standard is a new requirement for financial institutions. It will replace the incurred ...
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