PRESS RELEASES

PRESS RELEASES
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For Immediate Release
Citigroup Inc. (NYSE: C)
June 27, 2018

Arnika Dixit Appointed as Customer Franchise Head for Citibank India

Mumbai: Citi today announced the appointment of Arnika Dixit as Customer Franchise Head for Citibank India. She will report to Shinjini Kumar, Country Business Manager, Global Consumer Banking, Citibank India and Felimy Greene, Customer Franchise Head for Citi Asia.

Arnika will be responsible for Marketing, Decision Management, Client Experience and Digital Banking for the Consumer Business in India, bringing with her 18 years of experience in developing and delivering brand, product platforms, partnerships and alliances, as well as marketing and communication strategies across both B2C and B2B businesses in digital and offline environments.

She joins Citi from American Express, where she was Vice President, Marketing, for India and South Asia, across business lines. Arnika was also responsible for the internal sales channel, handling digital customer marketing and payments products - including payments experience and innovation, consumer marketing (Retail, Corporate and SME), loyalty and rewards, brand and communication. Prior to joining American Express in 2003, she was Brand Manager with Eli Lily, where she worked for three years. Arnika has an MBA in Marketing and Finance from IMT Ghaziabad.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi |
Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi India:

Committed to India for over 110 years, Citi takes pride in being a premier locally embedded financial institution, backed by an unmatched global network. Citi is an employer of choice in India offering consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, brokerage, treasury and trade services, securities and fund services and wealth management. In line with our commitment to make a positive difference in the communities we work, Citi India's citizenship program targets its strategic efforts in the priority areas of Financial Capability & Asset Building, Microfinance, Enterprise Development, and Youth, Education & Livelihoods.

Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia

For Immediate Release
Citigroup Inc. (NYSE: C)
June 07, 2018

Finalists Pitch Disruptive Corporate Solutions at Citi FinTech Day
200 FinTechs apply to co-create solutions; eight shortlisted

Mumbai: Citi today hosted a FinTech Day for India, during which eight FinTech firms pitched their ideas to solve for institutional client needs. A panel of Citi representatives from India, Hong Kong and the U.S. evaluated the eight demos, out of which Citi proposes to select around four to create proof of concepts, as the demand for simple, safe and regulation-compliant solutions continues to expand in India and globally.

Citi FinTech Day is a platform for FinTech firms and Citi to engage, identify new market trends, leverage emerging technologies and build innovative digital solutions for Citi’s corporate clients. In India, Citi received 200 entries from the financial technology and start-up community who work in emerging fields such as Blockchain, Data Analytics, APIs, Artificial Intelligence (AI), Internet of Things and Goods & Services Tax Network. Entries were accepted in the areas of payments and collections, trade products, customer on-boarding and industry ecosystem-related pain points across automobiles, e-commerce, healthcare, financial services, retail and telecommunications.

“To create the next generation of solutions for our clients and accelerate their growth, Citi is building a collaborative culture with the FinTech community. Start-ups bring agility, entrepreneurial vision and new technologies, while Citi brings a unique global platform, expertise in financial flow intermediation and the trust of our clients. Holding Citi FinTech Day in India allows us to harness the capabilities of the country’s start-up community and helps us execute on our commitment to be the best for our clients,” said Manish Kohli, Citi’s Global Head, Payments and Receivables.

The eight finalists, who pitched their solutions in payments, collections, identity verification, AI and Blockchain, amongst others, are Tungsten Network, Ezetap, KrypC, Active Intelligence, GIEOM, Karza Technologies, Paymate and Nearby Technologies.

“This is Citi India’s first FinTech initiative focused solely on our corporate clients. India has leapfrogged into the digital age as The Government has committed to build a digital infrastructure, supported by The Regulator and the banking industry. As this ecosystem evolves, we believe we can help our clients navigate this dynamic environment through partnership with India’s start-up community,” said Mridula Iyer, Head of Treasury & Trade Solutions (TTS) for Citi South Asia.

The judges took into consideration the company and founders’ credentials and culture, the solution’s relevance to clients and the value proposition for the market, as part of their assessment. Citi FinTech Day is supported by Citi Innovation Labs in Singapore and Dublin, as well as Citi Ventures. Zone Startups India, an accelerator and entrepreneurial innovation hub, is Citi’s partner for the initiative in India.

“Our goal through Citi FinTech Day is to help our clients transform for the future. We have a great opportunity to scale FinTech innovation for customers. At Citi, we have the advantage of our extensive client footprint, depth of client relationships, and on-the-ground knowledge in almost 100 countries. Some areas we are seeing demand in are AI, Blockchain, robotics, amongst others,” said Morgan McKenney, Citi Asia Head of Core Cash Management.

Citi FinTech Day becomes the third open innovation proposition that India’s FinTech and start-up community have been invited to. The first was Citi Mobile Challenge Asia Pacific, a next generation accelerator, in 2015, and the second was the 2017 Tech for Integrity Challenge, which extended this concept to the public sector and beyond. Some of the means by which Citi has supported FinTech firm ideas are by opening APIs, helping them navigate the banking demands and funding, amongst others.

Citi’s TTS business in India is committed to digitizing and enhancing the institutional client experience by helping clients grow, digitizing cash, and using big data, amongst others. Citi India has long been associated with industry leading solutions – it was the pioneer of cash management in 1986. In April 2017, Citi launched a first in the banking industry - a new digital cross-border payment solution that eliminates the need for multiple, underlying physical documents for cross-border trade payments.

Finalists Who Pitched at Citi FinTech Day

Institution Solution
Tungsten Network Tungsten Network is a secure e-invoicing, purchase order services and workflow platform that brings together businesses & their suppliers with unique technology that revolutionizes invoice processing, maximizes efficiency & improves cash flow management. They also provide invoice financing, analytics & e-billing.
Ezetap Ezetap offers a seamless experience across multitude of financial instruments (cards, cash, UPI, net banking, wallets) and interfaces (in-store, field, self-service, kiosk, mobile app, online). With deep integration with the CRM, ERP, and backend systems of businesses, Ezetap allows businesses to accept payments anytime, anywhere, and supports last-mile connectivity. This can support sectors such as e-commerce, logistics, insurance and financial services, pharma amongst others.
KrypC KrypC integrates and connects real world business applications to the DLT Network. Using their proprietary connectors, businesses can create digital assets, build business rules for asset flow and obtain validation information of transactions and digital assets in the DLT network. Specialized connectors for financial industry are custom built for money transfer, trade finance and pre-approved loans.
Active Intelligence Active.ai runs on a proprietary artificial intelligence engine, Triniti, which enables financial institutions to have a meaningful, intuitive engagement with customers across multiple apertures, using messaging, voice, and IoT devices. This unique solution includes Machine Learning, Natural Language Processing, and Natural Language Generation. Active Intelligence manages and builds low- cost, customer-centric digital channels with out-of-the- box support for Current Accounts, Loans, Trade Finance, Treasury, Transfers, Payments, Service Requests, Virtual Agents, lead Generation for Corporate and SMB Banking.
GIEOM GIEOM Validator is a sophisticated Artificial Intelligence-powered document verification and form completeness checking engine, which uses Computer Vision and Machine learning. Meanwhile, the Intelligent Compliance Solution enables additional controls/attestation/interactive dashboards/downloadable reports and can be used for items that have a regulatory impact/perspective.
Karza Technologies TotalKYC is a cloud-based tool and API that can be actively used by banks and insurers to read, authenticate, score and enrich 15+ KYC documents in real-time through Government databases. The tool can identify and verify varied government documents of individuals as well as corporates digitally without any manual intervention. Karza’s OCR technology is rated highest in the industry. The company’s technology can help in consumer ID validation and document validation.
Paymate Paymate’s solution is PCI DSS 3.2 certified and available in cloud, app and API form. It automates B2B business payments to real-time digital payments with 24x7 processing. The solution offers easy and quick access to working capital and supplier chain finance. It supports card payments, NEFT, RTGS, IMPS, and Net banking and can be accessed via desktop, mobile web, and Android/iOS app.
Nearby Technologies The company partners with neighborhood retail stores to offer the PayNearby app which supports digital financial services, including Aadhaar ATM and deposits, SMS payment, Khata service, utility payments, prepaid cards, mutual funds and insurance, money transfer, hyperlocal service and payments, including Bharat QR and UPI. This supports last-mile reach and digitization, important to FMCGs, financial services, amongst others.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi India:

Citi India offers consumers including Non Resident Indians, corporates and financial institutions, a comprehensive range of financial products and services. These include retail banking, mortgage finance, credit cards, personal loans, corporate and investment banking, foreign exchange, securities brokerage, transaction services and wealth management. Citi is an employer of choice and serves more than 2.3 million customers ranging from India's top corporate houses, multinationals operating in India, SMEs, self- employed entrepreneurs, households and individuals. Citi India has leading market shares in a number of areas in India's banking industry, including in credit cards, distribution of mutual funds, e-commerce banking, investment banking and foreign exchange. In addition, Citi India, through its network of Citi Service Centres, has been a leading offshoring unit for Citigroup globally, providing employment opportunities in the areas of technology, processing, analytics and financial processes.

Citi India is also committed to enabling socio-economic progress in the communities where we live and work. Since 1999, Citi Foundation through its partnerships, has helped further the financial inclusion agenda through education, and has created livelihood opportunities for youth and marginalized families in India. In addition, Citi has been committed to preserving India’s heritage through its programs focused on art and culture. These efforts, over the past 16 years, have benefited more than 2.5 million people across the country. Citi India continues to promote an inclusive and responsible society through its various CSR initiatives.

Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia

For Immediate Release
Citigroup Inc. (NYSE: C)
May 22, 2018

Citi Announces India Winners of Citi Journalistic Excellence Award 2018 program
Two winners to attend program administered by Columbia University Graduate School of Journalism in New York

Mumbai: Citi today announced Mr. N Ramakrishnan from Hindu Business Line and Ms. Archana Shukla from CNBC-TV18 as the India recipients of the Citi Journalistic Excellence Award (CJEA) 2018; this is the second year two journalists will represent the country in the upcoming 8-day study seminar in New York administered by the Columbia University Graduate School of Journalism and supported by Citi.

Mr. Abhishek Law also from The Hindu Business Line was recognized as the runner up for his article ’The grass is no longer greener on the other side’. CJEA recognizes outstanding business reporting across the globe in many of the countries Citi operates in, to further support and advance quality journalism. Applicants entered CJEA in India by submitting an article of at least 750-words published within the 2017 calendar year. An independent judging panel drew up a shortlist that was sent to Columbia University Graduate School of Journalism for their consideration.

“We are extremely delighted with the response this year; we received high quality applications from journalists representing 20 media houses across nine Indian cities. Citi’s focus through this program is to support the growth of talent in the field of business and financial journalism and the judging panel played a key role in selecting standout articles that brought the best of the best out on the forefront. I thank the jury members for their time and insights during the progression of this robust process,” said Debasis Ghosh, Public Affairs Officer, India Cluster.

Besides a representative from The Reserve Bank of India (RBI), this year’s judging panel included:

  • Ashok Kumar Bhattacharya, Editorial Director, Business Standard
  • Dr. Indira Rajaraman, Member of the 13th Finance Commission
  • Tamal Bandyopadhyay, Consulting Editor of Mint and Adviser, Strategy, Bandhan Bank
  • Vineet Nayar, Founder Chairman & CEO of Sampark Foundation and Former CEO of HCL Technologies

Mr. N Ramakrishnan was selected basis his article ‘Dindigul Lock-makers no more hold the key to their destiny’ and Ms. Archana Shukla on her story on ‘Bad Medicine - They claim to be doctors, but they are not’.

The two journalists will attend the seminar being held between Tuesday, May 29 and Thursday, June 7, 2018. They will join the winners from other participating countries to take part in workshops on various subjects, including principles of accounting and finance, and will be exposed to wide-ranging views on global financial and economic issues, as well as those which affect their own countries. They will also partake in sessions with leading Columbia University faculty members, engage in discussions with senior academicians and policy-makers, and visit key financial institutions and U.S. Government departments.

Citi India is sponsoring the scholarship, which includes travel and incidental costs to attend the study course. In the last four years since CJEA was introduced to India, 177 submissions have been received from 43 publications.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi India:

Committed to India for over 110 years, Citi takes pride in being a premier locally embedded financial institution, backed by an unmatched global network. Citi is an employer of choice in India offering consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, brokerage, treasury and trade services, securities and fund services and wealth management. In line with our commitment to make a positive difference in the communities we work, Citi India's citizenship program targets its strategic efforts in the priority areas of Financial Capability & Asset Building, Microfinanc e, Enterprise Development, and Youth, Education & Livelihoods.

Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia

For Immediate Release
Citigroup Inc. (NYSE: C)
March 14, 2018

Citi appoints Mridula Iyer as the Head of Treasury & Trade Solutions (TTS) for Citi South Asia

Mumbai: Citi today announced the appointment of Mridula Iyer as the Head of Treasury & Trade Solutions (TTS) for Citi South Asia, covering India, Bangladesh and Sri Lanka. She will report to Rajesh Mehta, Asia-Pacific Head at Citi for TTS, and Pramit Jhaveri, CEO, Citi India

Mridula, who has been with Citi for 22 years, has gained a wealth of experience across Cash Management, Trade Services, Securities Services and Compliance. Her most recent role was Head of TTS Cash Products, where she led the growth of Citi India's cash business with a focus on innovation and digital capabilities for clients. She has been a key member of the TTS India and South Asia management team.

In her new role, Mridula will lead the TTS business, which provides integrated cash management and trade finance services to multinational corporations, financial institutions, and public sector organizations, and be responsible for growing the business in India, Bangladesh and Sri Lanka. Mridula's client relationships and proven track record of building teams to drive business growth will be instrumental in taking the TTS business to the next level. A Chartered Accountant by qualification, she has a Bachelor's degree in Commerce from Mumbai University.

Mridula takes over from Debopama Sen who was recently elevated as the head of Treasury and Trade Solutions (TTS) business for Singapore and ASEAN.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi |
Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi India:

Committed to India for over 110 years, Citi takes pride in being a premier locally embedded financial institution, backed by an unmatched global network. Citi is an employer of choice in India offering consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, brokerage, treasury and trade services, securities and fund services and wealth management. In line with our commitment to make a positive difference in the communities we work, Citi India's citizenship program targets its strategic efforts in the priority areas of Financial Capability & Asset Building, Microfinanc e, Enterprise Development, and Youth, Education & Livelihoods.

Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia

For Immediate Release
Citigroup Inc. (NYSE: C)
March 5, 2018

Citi India Launches Home Loan Solutions Linked to Treasury Bill
Furthers Transparency on Home Loan Rates in India
Interest rate to be reviewed and reset every quarter based on 3-month Treasury Bill Rate

Mumbai: Citi today announced the launch of India's first home loan linked to the 3-month Government of India Treasury Bill Benchmark Rate (T-Bill), giving home buyers the opportunity to take part in a floating rate, benchmarked to a publically available external reference rate, which is driven by market forces and in line with international markets such as the U.S., Singapore, Taiwan and Hong Kong.

This newly introduced T-Bill linked home loan is based on the 3-month T-Bill rate published on the 12th of each month by Financial Benchmarks India Pvt. Ltd. (FBIL) and is available to all new and existing home loan customers. FBIL is recognized by Reserve bank of India as an independent Benchmark administrator.

“Citi is proud to partner its customers looking for a mortgage product that is simple and transparent. The Treasury Bill linked home loan is in line with global best practices, local regulatory expectations on the use of external benchmarks, and also offers a better client experience. We look forward to continuing to participate in this growing segment of borrowers.” Shinjini Kumar, Country Business Manager, Global Consumer Banking, Citi India.

Citi offers a wide range of mortgage products and features to complement different life stages and financial goals for customers in India, as well as Non-Resident Indians. Customers can now take advantage of the rate change quarterly in the event of fluctuations in the T-Bill rate, while the spread remains constant over the life of the loan. The interest rate resets of the T-Bill linked home loan are on March 1, June 1, September 1 and December 1.

The T-Bill rate will be published every month on Citibank India’s website www.citibank.com/india. Customers may also access the T-Bill rate on FBIL website (www.fbil.org.in) to independently track and verify its movements.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi |
Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi India:

Committed to India for over 110 years, Citi takes pride in being a premier locally embedded financial institution, backed by an unmatched global network. Citi is an employer of choice in India offering consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, brokerage, treasury and trade services, securities and fund services and wealth management. In line with our commitment to make a positive difference in the communities we work, Citi India's citizenship program targets its strategic efforts in the priority areas of Financial Capability & Asset Building, Microfinanc e, Enterprise Development, and Youth, Education & Livelihoods.

Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia

MAR

For Immediate Release
Citigroup Inc. (NYSE: C)
March 14, 2018

Citi appoints Mridula Iyer as the Head of Treasury & Trade Solutions (TTS) for Citi South Asia

Mumbai: Citi today announced the appointment of Mridula Iyer as the Head of Treasury & Trade Solutions (TTS) for Citi South Asia, covering India, Bangladesh and Sri Lanka. She will report to Rajesh Mehta, Asia-Pacific Head at Citi for TTS, and Pramit Jhaveri, CEO, Citi India

Mridula, who has been with Citi for 22 years, has gained a wealth of experience across Cash Management, Trade Services, Securities Services and Compliance. Her most recent role was Head of TTS Cash Products, where she led the growth of Citi India's cash business with a focus on innovation and digital capabilities for clients. She has been a key member of the TTS India and South Asia management team.

In her new role, Mridula will lead the TTS business, which provides integrated cash management and trade finance services to multinational corporations, financial institutions, and public sector organizations, and be responsible for growing the business in India, Bangladesh and Sri Lanka. Mridula's client relationships and proven track record of building teams to drive business growth will be instrumental in taking the TTS business to the next level. A Chartered Accountant by qualification, she has a Bachelor's degree in Commerce from Mumbai University.

Mridula takes over from Debopama Sen who was recently elevated as the head of Treasury and Trade Solutions (TTS) business for Singapore and ASEAN.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi |
Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi India:

Committed to India for over 110 years, Citi takes pride in being a premier locally embedded financial institution, backed by an unmatched global network. Citi is an employer of choice in India offering consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, brokerage, treasury and trade services, securities and fund services and wealth management. In line with our commitment to make a positive difference in the communities we work, Citi India's citizenship program targets its strategic efforts in the priority areas of Financial Capability & Asset Building, Microfinanc e, Enterprise Development, and Youth, Education & Livelihoods.

Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia

For Immediate Release
Citigroup Inc. (NYSE: C)
March 5, 2018

Citi India Launches Home Loan Solutions Linked to Treasury Bill
Furthers Transparency on Home Loan Rates in India
Interest rate to be reviewed and reset every quarter based on 3-month Treasury Bill Rate

Mumbai: Citi today announced the launch of India's first home loan linked to the 3-month Government of India Treasury Bill Benchmark Rate (T-Bill), giving home buyers the opportunity to take part in a floating rate, benchmarked to a publically available external reference rate, which is driven by market forces and in line with international markets such as the U.S., Singapore, Taiwan and Hong Kong.

This newly introduced T-Bill linked home loan is based on the 3-month T-Bill rate published on the 12th of each month by Financial Benchmarks India Pvt. Ltd. (FBIL) and is available to all new and existing home loan customers. FBIL is recognized by Reserve bank of India as an independent Benchmark administrator.

“Citi is proud to partner its customers looking for a mortgage product that is simple and transparent. The Treasury Bill linked home loan is in line with global best practices, local regulatory expectations on the use of external benchmarks, and also offers a better client experience. We look forward to continuing to participate in this growing segment of borrowers.” Shinjini Kumar, Country Business Manager, Global Consumer Banking, Citi India.

Citi offers a wide range of mortgage products and features to complement different life stages and financial goals for customers in India, as well as Non-Resident Indians. Customers can now take advantage of the rate change quarterly in the event of fluctuations in the T-Bill rate, while the spread remains constant over the life of the loan. The interest rate resets of the T-Bill linked home loan are on March 1, June 1, September 1 and December 1.

The T-Bill rate will be published every month on Citibank India’s website www.citibank.com/india. Customers may also access the T-Bill rate on FBIL website (www.fbil.org.in) to independently track and verify its movements.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi |
Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi India:

Committed to India for over 110 years, Citi takes pride in being a premier locally embedded financial institution, backed by an unmatched global network. Citi is an employer of choice in India offering consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, brokerage, treasury and trade services, securities and fund services and wealth management. In line with our commitment to make a positive difference in the communities we work, Citi India's citizenship program targets its strategic efforts in the priority areas of Financial Capability & Asset Building, Microfinanc e, Enterprise Development, and Youth, Education & Livelihoods.

Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia

MAY

For Immediate Release
Citigroup Inc. (NYSE: C)
May 22, 2018

Citi Announces India Winners of Citi Journalistic Excellence Award 2018 program
Two winners to attend program administered by Columbia University Graduate School of Journalism in New York

Mumbai: Citi today announced Mr. N Ramakrishnan from Hindu Business Line and Ms. Archana Shukla from CNBC-TV18 as the India recipients of the Citi Journalistic Excellence Award (CJEA) 2018; this is the second year two journalists will represent the country in the upcoming 8-day study seminar in New York administered by the Columbia University Graduate School of Journalism and supported by Citi.

Mr. Abhishek Law also from The Hindu Business Line was recognized as the runner up for his article ’The grass is no longer greener on the other side’. CJEA recognizes outstanding business reporting across the globe in many of the countries Citi operates in, to further support and advance quality journalism. Applicants entered CJEA in India by submitting an article of at least 750-words published within the 2017 calendar year. An independent judging panel drew up a shortlist that was sent to Columbia University Graduate School of Journalism for their consideration.

“We are extremely delighted with the response this year; we received high quality applications from journalists representing 20 media houses across nine Indian cities. Citi’s focus through this program is to support the growth of talent in the field of business and financial journalism and the judging panel played a key role in selecting standout articles that brought the best of the best out on the forefront. I thank the jury members for their time and insights during the progression of this robust process,” said Debasis Ghosh, Public Affairs Officer, India Cluster.

Besides a representative from The Reserve Bank of India (RBI), this year’s judging panel included:

  • Ashok Kumar Bhattacharya, Editorial Director, Business Standard
  • Dr. Indira Rajaraman, Member of the 13th Finance Commission
  • Tamal Bandyopadhyay, Consulting Editor of Mint and Adviser, Strategy, Bandhan Bank
  • Vineet Nayar, Founder Chairman & CEO of Sampark Foundation and Former CEO of HCL Technologies

Mr. N Ramakrishnan was selected basis his article ‘Dindigul Lock-makers no more hold the key to their destiny’ and Ms. Archana Shukla on her story on ‘Bad Medicine - They claim to be doctors, but they are not’.

The two journalists will attend the seminar being held between Tuesday, May 29 and Thursday, June 7, 2018. They will join the winners from other participating countries to take part in workshops on various subjects, including principles of accounting and finance, and will be exposed to wide-ranging views on global financial and economic issues, as well as those which affect their own countries. They will also partake in sessions with leading Columbia University faculty members, engage in discussions with senior academicians and policy-makers, and visit key financial institutions and U.S. Government departments.

Citi India is sponsoring the scholarship, which includes travel and incidental costs to attend the study course. In the last four years since CJEA was introduced to India, 177 submissions have been received from 43 publications.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi India:

Committed to India for over 110 years, Citi takes pride in being a premier locally embedded financial institution, backed by an unmatched global network. Citi is an employer of choice in India offering consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, brokerage, treasury and trade services, securities and fund services and wealth management. In line with our commitment to make a positive difference in the communities we work, Citi India's citizenship program targets its strategic efforts in the priority areas of Financial Capability & Asset Building, Microfinanc e, Enterprise Development, and Youth, Education & Livelihoods.

Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia

JUNE

For Immediate Release
Citigroup Inc. (NYSE: C)
June 27, 2018

Arnika Dixit Appointed as Customer Franchise Head for Citibank India

Mumbai: Citi today announced the appointment of Arnika Dixit as Customer Franchise Head for Citibank India. She will report to Shinjini Kumar, Country Business Manager, Global Consumer Banking, Citibank India and Felimy Greene, Customer Franchise Head for Citi Asia.

Arnika will be responsible for Marketing, Decision Management, Client Experience and Digital Banking for the Consumer Business in India, bringing with her 18 years of experience in developing and delivering brand, product platforms, partnerships and alliances, as well as marketing and communication strategies across both B2C and B2B businesses in digital and offline environments.

She joins Citi from American Express, where she was Vice President, Marketing, for India and South Asia, across business lines. Arnika was also responsible for the internal sales channel, handling digital customer marketing and payments products - including payments experience and innovation, consumer marketing (Retail, Corporate and SME), loyalty and rewards, brand and communication. Prior to joining American Express in 2003, she was Brand Manager with Eli Lily, where she worked for three years. Arnika has an MBA in Marketing and Finance from IMT Ghaziabad.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi |
Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi India:

Committed to India for over 110 years, Citi takes pride in being a premier locally embedded financial institution, backed by an unmatched global network. Citi is an employer of choice in India offering consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, brokerage, treasury and trade services, securities and fund services and wealth management. In line with our commitment to make a positive difference in the communities we work, Citi India's citizenship program targets its strategic efforts in the priority areas of Financial Capability & Asset Building, Microfinance, Enterprise Development, and Youth, Education & Livelihoods.

Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia

For Immediate Release
Citigroup Inc. (NYSE: C)
June 07, 2018

Finalists Pitch Disruptive Corporate Solutions at Citi FinTech Day
200 FinTechs apply to co-create solutions; eight shortlisted

Mumbai: Citi today hosted a FinTech Day for India, during which eight FinTech firms pitched their ideas to solve for institutional client needs. A panel of Citi representatives from India, Hong Kong and the U.S. evaluated the eight demos, out of which Citi proposes to select around four to create proof of concepts, as the demand for simple, safe and regulation-compliant solutions continues to expand in India and globally.

Citi FinTech Day is a platform for FinTech firms and Citi to engage, identify new market trends, leverage emerging technologies and build innovative digital solutions for Citi’s corporate clients. In India, Citi received 200 entries from the financial technology and start-up community who work in emerging fields such as Blockchain, Data Analytics, APIs, Artificial Intelligence (AI), Internet of Things and Goods & Services Tax Network. Entries were accepted in the areas of payments and collections, trade products, customer on-boarding and industry ecosystem-related pain points across automobiles, e-commerce, healthcare, financial services, retail and telecommunications.

“To create the next generation of solutions for our clients and accelerate their growth, Citi is building a collaborative culture with the FinTech community. Start-ups bring agility, entrepreneurial vision and new technologies, while Citi brings a unique global platform, expertise in financial flow intermediation and the trust of our clients. Holding Citi FinTech Day in India allows us to harness the capabilities of the country’s start-up community and helps us execute on our commitment to be the best for our clients,” said Manish Kohli, Citi’s Global Head, Payments and Receivables.

The eight finalists, who pitched their solutions in payments, collections, identity verification, AI and Blockchain, amongst others, are Tungsten Network, Ezetap, KrypC, Active Intelligence, GIEOM, Karza Technologies, Paymate and Nearby Technologies.

“This is Citi India’s first FinTech initiative focused solely on our corporate clients. India has leapfrogged into the digital age as The Government has committed to build a digital infrastructure, supported by The Regulator and the banking industry. As this ecosystem evolves, we believe we can help our clients navigate this dynamic environment through partnership with India’s start-up community,” said Mridula Iyer, Head of Treasury & Trade Solutions (TTS) for Citi South Asia.

The judges took into consideration the company and founders’ credentials and culture, the solution’s relevance to clients and the value proposition for the market, as part of their assessment. Citi FinTech Day is supported by Citi Innovation Labs in Singapore and Dublin, as well as Citi Ventures. Zone Startups India, an accelerator and entrepreneurial innovation hub, is Citi’s partner for the initiative in India.

“Our goal through Citi FinTech Day is to help our clients transform for the future. We have a great opportunity to scale FinTech innovation for customers. At Citi, we have the advantage of our extensive client footprint, depth of client relationships, and on-the-ground knowledge in almost 100 countries. Some areas we are seeing demand in are AI, Blockchain, robotics, amongst others,” said Morgan McKenney, Citi Asia Head of Core Cash Management.

Citi FinTech Day becomes the third open innovation proposition that India’s FinTech and start-up community have been invited to. The first was Citi Mobile Challenge Asia Pacific, a next generation accelerator, in 2015, and the second was the 2017 Tech for Integrity Challenge, which extended this concept to the public sector and beyond. Some of the means by which Citi has supported FinTech firm ideas are by opening APIs, helping them navigate the banking demands and funding, amongst others.

Citi’s TTS business in India is committed to digitizing and enhancing the institutional client experience by helping clients grow, digitizing cash, and using big data, amongst others. Citi India has long been associated with industry leading solutions – it was the pioneer of cash management in 1986. In April 2017, Citi launched a first in the banking industry - a new digital cross-border payment solution that eliminates the need for multiple, underlying physical documents for cross-border trade payments.

Finalists Who Pitched at Citi FinTech Day

Institution Solution
Tungsten Network Tungsten Network is a secure e-invoicing, purchase order services and workflow platform that brings together businesses & their suppliers with unique technology that revolutionizes invoice processing, maximizes efficiency & improves cash flow management. They also provide invoice financing, analytics & e-billing.
Ezetap Ezetap offers a seamless experience across multitude of financial instruments (cards, cash, UPI, net banking, wallets) and interfaces (in-store, field, self-service, kiosk, mobile app, online). With deep integration with the CRM, ERP, and backend systems of businesses, Ezetap allows businesses to accept payments anytime, anywhere, and supports last-mile connectivity. This can support sectors such as e-commerce, logistics, insurance and financial services, pharma amongst others.
KrypC KrypC integrates and connects real world business applications to the DLT Network. Using their proprietary connectors, businesses can create digital assets, build business rules for asset flow and obtain validation information of transactions and digital assets in the DLT network. Specialized connectors for financial industry are custom built for money transfer, trade finance and pre-approved loans.
Active Intelligence Active.ai runs on a proprietary artificial intelligence engine, Triniti, which enables financial institutions to have a meaningful, intuitive engagement with customers across multiple apertures, using messaging, voice, and IoT devices. This unique solution includes Machine Learning, Natural Language Processing, and Natural Language Generation. Active Intelligence manages and builds low- cost, customer-centric digital channels with out-of-the- box support for Current Accounts, Loans, Trade Finance, Treasury, Transfers, Payments, Service Requests, Virtual Agents, lead Generation for Corporate and SMB Banking.
GIEOM GIEOM Validator is a sophisticated Artificial Intelligence-powered document verification and form completeness checking engine, which uses Computer Vision and Machine learning. Meanwhile, the Intelligent Compliance Solution enables additional controls/attestation/interactive dashboards/downloadable reports and can be used for items that have a regulatory impact/perspective.
Karza Technologies TotalKYC is a cloud-based tool and API that can be actively used by banks and insurers to read, authenticate, score and enrich 15+ KYC documents in real-time through Government databases. The tool can identify and verify varied government documents of individuals as well as corporates digitally without any manual intervention. Karza’s OCR technology is rated highest in the industry. The company’s technology can help in consumer ID validation and document validation.
Paymate Paymate’s solution is PCI DSS 3.2 certified and available in cloud, app and API form. It automates B2B business payments to real-time digital payments with 24x7 processing. The solution offers easy and quick access to working capital and supplier chain finance. It supports card payments, NEFT, RTGS, IMPS, and Net banking and can be accessed via desktop, mobile web, and Android/iOS app.
Nearby Technologies The company partners with neighborhood retail stores to offer the PayNearby app which supports digital financial services, including Aadhaar ATM and deposits, SMS payment, Khata service, utility payments, prepaid cards, mutual funds and insurance, money transfer, hyperlocal service and payments, including Bharat QR and UPI. This supports last-mile reach and digitization, important to FMCGs, financial services, amongst others.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi India:

Citi India offers consumers including Non Resident Indians, corporates and financial institutions, a comprehensive range of financial products and services. These include retail banking, mortgage finance, credit cards, personal loans, corporate and investment banking, foreign exchange, securities brokerage, transaction services and wealth management. Citi is an employer of choice and serves more than 2.3 million customers ranging from India's top corporate houses, multinationals operating in India, SMEs, self- employed entrepreneurs, households and individuals. Citi India has leading market shares in a number of areas in India's banking industry, including in credit cards, distribution of mutual funds, e-commerce banking, investment banking and foreign exchange. In addition, Citi India, through its network of Citi Service Centres, has been a leading offshoring unit for Citigroup globally, providing employment opportunities in the areas of technology, processing, analytics and financial processes.

Citi India is also committed to enabling socio-economic progress in the communities where we live and work. Since 1999, Citi Foundation through its partnerships, has helped further the financial inclusion agenda through education, and has created livelihood opportunities for youth and marginalized families in India. In addition, Citi has been committed to preserving India’s heritage through its programs focused on art and culture. These efforts, over the past 16 years, have benefited more than 2.5 million people across the country. Citi India continues to promote an inclusive and responsible society through its various CSR initiatives.

Additional information may be found at: www.citibank.co.in | Facebook: www.facebook.com/citiindia