Citi is launching a FinTech challenge aimed at finding innovative ideas to transform its transaction banking division.

The FinTech challenge is being launched to mark the tenth anniversary of Citi’s first Innovation Lab in Dublin.

Fintech innovators are being encouraged to develop solutions for a number of problem statements that Citi has set out including how they can make their data work smarter and reimagine the client experience.

Shortlisted Fintechs will get the opportunity to showcase their designed solutions to executive sponsors at the Fintech Challenge Day on 5th November, 2019 at Citi’s Innovation Lab in Dublin.

Citi will also be offering finalists the chance to pilot their solutions with leading Citi product teams in 2020.

Gulru Atak, global head of innovation at treasury and trade solution Citi, said: “We are constantly looking for standout financial solutions, as we continue to ensure we are providing the best products and service to our clients.

“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,” he added.

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

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