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Citi launches transaction banking fintech challenge

To mark the tenth anniversary of Citi’s first Innovation Lab in Dublin, Citi has launched a fintech challenge for transaction banking. The bank is looking for fintechs with ideas that have the power to transform how it works and drives client value.

Fintechs are invited to develop solutions for a number of problem statements that Citi has set out including how the bank can reimagine the client experience and what can we do to make data work smarter.

Shortlisted fintechs will get the opportunity to showcase their designed solutions to executive sponsors at the Fintech Challenge Day on 5 November 2019 at Citi’s Innovation Lab in Dublin. The bank will also be offering finalists the chance to pilot their solutions with Citi product teams in 2020.

“We are constantly looking for standout financial solutions, as we continue to ensure we are providing the best products and service to our clients," said Gulru Atak, global head of Innovation at Treasury and Trade Solution Citi. "We are looking forward to engaging with the fintech community, to hear about the latest innovative solutions in the market that could have a positive impact on the transaction banking industry.”

The final date for entry is 27 September, at which point judges will vet the submissions through calls, in-person meetings and evaluations of the solutions.

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