Citigroup has invested in nearly 50 startups including Betterment, Tanium and Plaid. Here’s how the giant bank’s innovation chief decides which to invest in.
|02/12/2019||Posted by BusinessMediaguide.Com under General World News||
- Citigroup’s venture arm, Citi Ventures, has put money into nearly 50 companies over the years.
- Citi CIO Vanessa Colella explains what the bank looks for when investing in a startup.
Earlier this year, Citigroup rolled out a partnership with Feedzai — an artificial-intelligence-powered fraud-detection company — to bolster the bank’s ability to alerts clients in its Treasury and Trade Solutions business to aberrant or suspicious payments.
For a division that processes $4 trillion each day for thousands of corporations and public institutions across the world, the potential impact could be substantial, especially given the alert process has historically been rife with false read more >>>