When the Internet first came into being, it was probably hard to imagine how this nascent technology would eventually become deeply ingrained in nearly every aspect of our personal lives and business interactions. It’s a fun trip down memory lane to look at headlines from the mid-90’s to see how many popular news publications were describing the internet and the guesses on how it would turn out. There’s one article from a leading magazine at the time that noted how no computer network will replace your daily newspaper, book, or music…whoops! Today, it would be truly difficult to live or work without the internet.

As the Internet has continued to evolve, so too has the economic model that underpins how monetization and business growth are achieved. At the very infancy of the Web, two models were debated — an ad-supported model and a microtransaction-supported model.

When the foundation of the modern internet was established, formal search engines, as we know...

“Our people reflect the remarkable range of backgrounds and perspectives of our clients and customers—this diversity is what enables our success,” says Sara Wechter, head of human resources.

In recent years, Citi moved forward with a number of strategies to deepen its commitment to diversity, equity and inclusion. Pay equity has been a particular focus, with regular and transparent reporting of raw pay gap data, as well as new and aggressive representation goals.

Supporting employees’ diverse needs outside of work has also been a focus.

At the beginning of 2020, it enhanced its leave policies to include a minimum of 16 weeks of paid maternity leave for birthing parents and four weeks of paid parental leave—regardless of gender and also applicable to adoption and surrogacy. Citi also recently increased its reimbursement program for adoption and surrogacy costs to $30,000. When the pandemic hit, the company expanded its subsidized backup childcare program,...

Gourmet talent to a Gluten-free flourishing business: how NFTE inspired one student to persist through extraordinary hardships to become an inspirational entrepreneur.

Your future does not always go as planned but you can always own it, especially with the tools, the inspiration and the confidence that NFTE provides. Jennifer’s story is proof of that. Not only did NFTE’s class ignite her entrepreneurial spirit, but it also accentuated her initiative and her self-reliance.

Her interests had always been centered around cooking and baking and her business idea involved cookies dipped in chocolate. Despite “hating school and being ready to drop out”, she remained in school, attributing the reason she stayed to NFTE alone: “NFTE was the only thing that stopped me from quitting school at that time.” Launching a business named Sugar-coated Heaven, she took third place in the NFTE regional competition. Although she was disappointed not to win, her evocative...

The shutdowns caused by the Covid-19 pandemic forced Corporate America to embark upon a massive work-from-home experiment that presented many unknowns: How do we keep workers safe? Can we stay productive? What’s the best way to communicate and collaborate? How long will we be out of the office?

The Covid pandemic and an increased focus on corporate social responsibility have posed risk management challenges for treasurers. While the risks may remain the same, the focus is shifting and treasurers are alert to how rapidly the landscape can change.

In 2017, Standard Life and Aberdeen Asset Management agreed to merge, creating the largest listed UK asset manager with £660 billion asset under management.

Mike Tumilty, Global Chief Operating Officer at abrdn, discusses the challenges he faced bringing the two firms' operations together and shares insight on what firms approaching a merger should consider when combining operations.

Hong Kong – Citi Treasury and Trade Solutions (TTS) Asia Pacific has processed close to 350 million Application Programming Interface (API) calls for corporate clients since the launch of APIs for corporates in 2017. As corporate clients digitize their businesses, APIs facilitate the seamless execution of a range of functions that support real-time banking experiences.

Faced by the ongoing pandemic and multiple changes in a rapidly evolving business environment, corporate clients are more quickly adapting and transforming their businesses and product offerings with an increased focus on technology and digitization. Coupled with the exponential growth of digital commerce in Asia Pacific, clients are embracing new e-commerce models.

Companies in consumer-facing industries are increasingly selling directly to their end-consumers by digitizing their sales models. In the business-to-business (B2B) space, businesses are engaging their clients differently....

New York – In response to the 7.2 magnitude earthquake in Haiti on Saturday, the Citi Foundation today announced a $250,000 pledge to UNICEF USA to assist with immediate relief efforts.

Citi Latin America CEO Ernesto Torres Cantú said, “We are sending a heartfelt message of solidarity to the people of Haiti and our colleagues in the aftermath of the devastating earthquake. You are not alone. The Citi Foundation funds will help provide immediate support to children and families displaced as a result of the earthquake, which are the most vulnerable and in urgent need of shelter, clean water, medical care and social protections.”

Citi employees who would like to supplement the Foundation's contribution with a personal donation to UNICEF USA may do so by clicking here: https://www.unicef.org/emergencies/massive-earthquake-devastation-haiti