Citi Innovation Lab awarded for innovation

Citi Innovation Lab in Singapore has taken the ‘most innovative feature award’ for its proprietary Citi Interactive Solutions at the 2017 Monarch Innovation Awards.

The Citi Innovation Lab Citi Interactive Solutions program has placed the Singapore-based bank hub at the centre of success, after receiving the most innovative feature award at the global Monarch Innovation Awards.

Commenting on the success of the program, Citi Asia-Pacific head of treasury and trade solutions (TTS), Rajesh Mehta, said the next step would be broadening the bank’s digital agenda, as well as the development of an innovative workplace ecosystem.

“One of our key priorities is to build a strong culture of innovation within the organization. It is the key to unlocking opportunities arising from the winds of globalization, urbanization and digitization, and maintaining a competitive edge in an ever-changing business landscape,” he said.

 “We are delighted to win this prestigious award, which is a demonstration of our commitment to be the world’s leading digital bank and to serve our clients every day with excellence.”

Citi Interactive Solutions was the most commercially successful fintech capability developed by the bank. 



Related Stories

Former chief technology officer, William Ferreira has returned to Man as head of machine learning.
Man GLG appoints head of machine learning
The discretionary investment management business of Man Group, Man GLG, has appointed a head of... Read More
A forum will be held by Standard Chartered Bank Korea, with a keynote presentation from the bank’s London-based CFO.
Standard Chartered Korea to hold fintech forum
Working under the theme of ‘Digital Technology Reshaping the Banking Industry’, Standard Chartered... Read More
Emerging affluent consumers in Asia were more likely to boost their savings by over 40 per cent if they were more digitally savvy, according to Standard Chartered.
Digitally-savvy customers save more
Affluent consumers are a vital engine of growth the Asian economy and need to be completely... Read More
Melbourne-headquartered ANZ will sell its retail banking business in Vietnam to South Korea’s Shinhan Bank’s Vietnam bank.
ANZ sells to Shinhan Bank
ANZ is expecting to finalise the sale of its retail banking business in Vietnam to Shinhan Bank by... Read More