Citi Treasury and Trade Solutions looked to tech providers in 2023 as it enhanced its platform and offerings. 

“While Citi works with many startups and fintechs globally, the two main areas of focus of Citi TTS in 2023 [were] e-commerce and platform modernization,” Bis Chatterjee, head of partnerships and innovation at Citi TTS, told Bank Automation News.

Most recently, on Dec. 13, the bank invested in SellersFI, a fintech that focuses on innovations for online merchants, according to a SellersFI release. 

“Our investment in SellersFI reflects our commitment to supporting transformative businesses and deepening our capabilities in key growth sectors such as e-commerce marketplaces,” Christopher Cox, head of trade and working capital solutions at Citi, said in the release. 

Citi TTS also looked to the following tech providers during 2023: 

• In April, Citi TTS and B2B payment solutions provider Hokodo collaborated to provide payment services for renewable energy marketplace Covento.  
• In June, Citi TTS teamed up with payment software provider Pismo to improve Citi’s corporate demand deposit accounts.  
• In October, Citi TTS and travel expense management solution Navan launched a program for Citi Commercial Bank cardholders to create a digital experience for commercial travel and expense management. 
• In December, Citi TTS invested in Icon Solutions, a payments fintech that allows the bank to expand its payments offerings, including Automated Clearing House payments, wires and cross-border payments. 

Visit Bank Automation News’ Transactions Database, which lists the technology selected or acquired by companies in the financial services industry, with a specific focus on technology that enhances automation.

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