Dubai: Citi announced on Wednesday the launch of the Citi Middle East and North Africa (MENA) Fintech Challenge.
The Citi MENA Fintech Challenge offers the region’s Fintech community the opportunity to put their ideas into practice and come up with innovative solutions around four identified problem statements: These include digitizing Cash Collections, assured Payments
B2B2C Enablement and digitizing Trade Processes.
“We are calling Fintechs with relevant innovative solutions, ranging from existing enterprises to early stage start-ups, to participate in this challenge.
The launch of this challenge is an important milestone in our quest to uncover innovative solutions for our clients, said Emre Karter, Treasury and Trade Solutions Head, MENAPT, Citi. By offering the Fintech community the opportunity to showcase their ideas, we hope to contribute to the development and growth of Fintech companies in the region.’’
Shortlisted Fintechs will get the opportunity to work with Citi Treasury and Trade Solutions on these challenges and showcase their designed solutions to executive sponsors at the Citi MENA Fintech Challenge Day on the 9th September, 2019.
Finalists will also be invited on 10th September, 2019 to Global Finance’s Digital Bank & Innovator conference in Dubai, UAE. Finalists will be awarded an opportunity to work with Citi in developing a market-ready solution by March 2020.
Citi’s Treasury and Trade Solutions (TTS) enables our clients’ success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe.
Based on the foundation of the industry’s largest proprietary network with banking licenses in over 98 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry’s most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.NT