Bloomberg Law on Citibank: Citi Sharing Post-Trade Data With Snowflake to Ease Settlement

From Bloomberg Law:

Citigroup Inc. will begin sharing some data with cloud-storage software maker Snowflake Inc., a move that will help the bank reduce costs and streamline some of its post-trade processes.

Any time a trade occurs, a whole host of players across markets have to reconcile that activity in their ledgers. With its latest tie-up, announced Wednesday, Citigroup is aiming to provide a real-time record of that data to all parties in a transaction, said Fiona Horsewill, head of data for Citigroup’s securities-services business.

“If you think about the number of entities that touch the transaction, they’re all keeping their own …

Continue reading Citi Sharing Post-Trade Data With Snowflake to Ease Settlement on Bloomberg Law

Do you have a complaint about Citibank, such as locked accounts or overcharges? Take your claim to FairShake, the consumer advocacy service.


Read More:

FairShake is aggregating links to consumer news stories across the web. We claim no rights to the snippets featured.

Latest news

American Express Holiday Shopper Survey Released: By The Numbers, says Forbes

From Forbes: American Express AXP just released its Amex Trendex survey which found that 48% of U.S. consumers surveyed agree...

Top Uber story from Arkansas Online: Uber, Carvana part of Hertz’s electric car effort

From Arkansas Online: Hertz Global Holdings, fresh off a blockbuster order for 100,000 Teslas, reached an exclusive agreement to supply...

AT&T headlines: DirecTV breaks free from AT&T

From The Dallas Morning News: Six years after AT&T swallowed DirecTV with ambitious plans to modernize the satellite TV business,...

Citibank customers take note: Citi Sells $1 Billion Social Bond After Agreeing to Race Audit

From Bloomberg Law: Citigroup Inc. returned to the social bond market with a $1 billion deal just days after it...

AT&T news: 9th Circ. Says AT&T Can Force Arbitration In DirecTV Now Suit

From Law360: By Nadia Dreid (October 27, 2021, 10:43 PM EDT) -- The Ninth Circuit has decided a proposed class...

Top Uber story from Forbes: Lyft & Uber’s Newest Focus: Trying To Solve A Huge Problem In Healthcare

From Forbes: Once celebrated for their ingenuity in disrupting the public transportation industry, Uber and Lyft have simultaneously been working...

You might also likeRELATED
Recommended to you