Search Results for "Citizens"
7 results for "Citizens"
Deals 7
Citizens Bank Launches Open Banking API for Third-Party App Access
Citizens Bank launched an Open Banking API enabling secure account balance and transaction access for third-party applications such as budgeting tools. The API supports the broader embedded finance ecosystem by allowing fintechs to integrate Citizens account data. This positions Citizens to comply with evolving open banking regulations.
First Citizens Bank and Sixth Street Launch Equipment Financing Joint Venture
First Citizens Bank and Sixth Street launched Sixty-First Commercial Finance, a joint venture platform providing equipment financing between $5 million and $100 million. The platform targets mid- and large-ticket capital equipment financing needs.
Wisetack Partners with Citizens to Expand Embedded Pay-Over-Time Financing
Wisetack announced a partnership with Citizens to expand its embedded financing platform for in-person services. The integration embeds pay-over-time options for home services, dental care, medical procedures, and car repair through APIs in merchant software. This partnership extends Citizens' reach into embedded lending via a fintech intermediary.
Citizens Financial Acquires Investors Bancorp for $3.5B in BaaS-Related M&A
Citizens Financial Group announced an agreement to acquire Investors Bancorp, Inc. for $3.5 billion in stock and cash. Investors Bancorp had served as a sponsor bank for fintechs needing charter access, making this a significant BaaS-related acquisition. The deal adds $27 billion in assets and 154 branches across the NYC, Philadelphia, and New Jersey markets.
Citizens Bank Launches Citizens Access Digital Platform Powered by FIS
Citizens Bank launched Citizens Access, a direct-to-consumer digital banking platform built on FIS technology and hosted entirely in the cloud. The platform offers high-interest savings accounts and CDs with no fees. It attracted over $1 billion in new deposits within its first 90 days, with an average account size exceeding $70,000.
MassChallenge FinTech Accelerator Launches Backed by Citizens Bank and Fidelity
MassChallenge announced a zero-equity fintech accelerator program sponsored by Citizens Bank, Fidelity Investments, MassMutual, and other financial institutions. The six-month program pairs later-stage fintech startups with industry leaders for co-development and product validation. It offers up to $250,000 in cash prizes and aims to foster fintech-bank partnerships.
Citizens Bank and Fundation Win Award for Digital SMB Lending Partnership
Citizens Bank's small business digital lending platform, built in collaboration with Fundation Group LLC, was recognized with an industry award for partnership innovation. Fundation provides digitally-enabled, integrated small business lending solutions embedded within bank platforms. The partnership exemplifies early bank-fintech collaboration in embedded lending.