Citi Private Bank’s Juan Carlos Madrigal explains why Miami is the place to be – from the weather to the connectivity.

Around the World with Citi: Miami

Citi is proud to sponsor the Opal CLO Summit. The CLO Summit is an educational forum designed for investors, issuers, underwriters, rating agencies, lawyers and accountants. At this conference, they can learn the newest techniques to maximize returns and reduce risk exposure in this growing area of Asset-Backed Finance. An in-depth review of recent regulatory changes in addition to rating agency methodology, legal, tax and structural considerations will provide attendees with the tools necessary to stay one step ahead of their competitors.

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Navigating ASEAN’s payments revolution

Navigating opportunities and obstacles for financial institutions and fintech companies in a fragmented region

Tomorrow’s transactions

Devika Kornbacher, Partner and Co-Head of the Global Tech Group and Dessislava Savova, Partner and Head of the Continental Europe Tech Group at Clifford Chance joined us to compare the EU-US regulatory approaches with respect to AI in financial services.  Common themes in existing rules and standards include accountability, transparency and explainability.  The proposed EU AI Act is the first comprehensive Regulation of AI which is expected to apply to all industries with very few exceptions and have extraterritorial reach.   We anticipate a final version of the AI Act will be agreed by the beginning of 2024.  In contrast, US regulators and policymakers are mainly relying on existing rules and regulation by enforcement, supplemented by frameworks on the horizon from several agencies.  Globally we have seen different jurisdictions take different approaches with no globally agreed framework yet in place. We anticipate an EU-US code of conduct in the future.

Regulation of AI in Financial Services: EU and US Approaches

India is a market in a constant state of evolution. There are two initiatives to watch. 

A comprehensive and open digital public-good infrastructure serves as the backbone for one of the world’s most interesting markets for new payment ideas

India: the frontier of payments innovation

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The world of cross-border payments is at an inflection point. As the ecosystem is shaken up by new competition and technologies, there will inevitably be winners and losers. A race is emerging between new entrants and existing players, often with new business models, to seize a slice of the cross-border payments wallet. The evolving landscape is driven by changing behaviors as the streamlined, transparent, 24x7 real-time payments experience of consumers is crossing over to the corporate and institutional client market Best-in-class client experiences, leveraging new technologies, can address clients' key pain points and have the potential to transform cross=border payments for the benefit of all.

Who Will Be Moving $250 Trillion in the Next Five Years?

Future of Cross-Border Payments 

Energy & Climate: How Quantum Computers Could Help Overcome Some of our Biggest Challenges?

Following on from the Quantum Computing GPS report, Tahmid Quddus Islam, Citi Global Insights  in conversation with  Jack Hidary, CEO, SandBoxAQ.

Generative AI: What Happens When it Gets a Quantum Boost?

 Professor Deeph Chana, Managing Director, NATO DIANA talks about the rationale behind the €1 billion NATO Innovation Fund, the world’s first multi-sovereign venture capital fund, and the type of emerging technologies that it will support. He also talks about the Defence Innovation Accelerator that he leads and how entrepreneurs and start-ups can get involved. 

Investing in Emerging and Disruptive Technologies ft. NATO's Defence Innovation Accelerator

What lessons does the past hold that might inform views for the next 12 months and whether we’re heading for a US recession, or an economic soft landing? 

Recession vs. Soft Landing 

What does the future hold for crypto-asset regulation in Singapore and Hong Kong? Sophia Bantanidis of Citi Global Insights talks to Lena Ng and Rocky Mui, partners at Clifford Chance, about the existing regulatory framework for crypto in two of Asia’s leading financial hubs, and what’s coming down the pike.

Crypto Regulation: The Road Ahead for Hong Kong and Singapore

A recent report from Citi Research’s Tyler Radke looks at how changing attitudes to front office software in the wake of the pandemic are playing out. 

Front Office Software at a Crossroads 

The Road to COP28

Jason Channell joins Julie Monaco and Liz Curmi following their attendance of the Africa Climate week Summit and discusses the outcomes and the impacts it will have on COP28.

Transition Talks: E1: The Africa Climate Summit, Paving the Way

Transcript

Season 3 

In this episode, we embark on a fascinating journey through Asia's digital transformation—a journey that can only be described as a time machine propelling the region into the future. Our esteemed guests, Lawrence H. Summers, 71st US Secretary of Treasury and the Charles W. Eliot University Professor, Harvard, and Jan Metzger, Asia Pacific Head of Banking at Citi, guide us through this captivating exploration.

Good Things Happen E7: Asia's Digital Renaissance

A recent report from Citi Research’s Rahul Bajaj looks at the rapid progress of the fintech market in Saudi Arabia in recent years. 

Saudi Arabia: Fintechs & Telcos Proliferate in Kingdom’s Digital Push 

Emerging technologies are driving transformation within companies, including in Latin America, not only from the tech segment but also in traditional sectors that are seizing the opportunity to bolster their structures, transform and grow. This was highlighted at an event organized by Citi in Brazil, which brought together leading companies from across the region.

From AI to corporate venture capital: new trends are boosting Latin America’s digital transformation 

<h4>Please join us at one or all of our sessions:</h4>

Business models are rapidly changing across a wide spectrum of industries, particularly regarding new types of ownership models. In this session speakers highlight the evolution of the subscription/pay-per-use model across the consumer landscape, take a deep dive into consumer trends and examine how ownership and usage levels are evolving. Hear how Treasury teams can automate and streamline their processes and adapt their cash forecasting strategies to accommodate the changing business environment.

2:30 pm – 3:30 pm:  Evolving Payment Models in a Fast-Paced Digital World

In today's digital age, businesses are shifting towards enabling online transactions. However, some companies are getting ahead of themselves, implementing e-commerce and electronic payments at a faster pace without understanding the effects on the business overall. In this panel discussion, seasoned professionals with experience running and building global payments infrastructures share insights on how payments and treasury played a pivotal role in enabling these businesses to succeed in the digital world. They explore how quickly companies can expand their payments capabilities, highlight key takeaways from successes and failures, and provide lessons for practitioners implementing and adapting to the changing field of digital payments.

10:30 am - 11:30 am: Enabling Payments Quickly and Implementing a Fast Fail Mentality – How Quick is Too Quick?

As businesses continue to rebound from the COVID-19 pandemic, it is important to revisit the challenges we faced as a Treasury community so we can be better prepared for any future challenges. Whether it is increasing cash buffers, embracing digital technologies to improve visibility, or developing contingency plans for future unexpected events, Treasury colleagues across different industries are employing a variety of tactics to help insulate themselves from risk. Some of these risk mitigating strategies resulted in liquidity positions that had to be managed effectively. In this session, hear how Treasury, procurement and Finance practitioners have successfully identified solutions to mitigate future risks, enhance yield on long cash, and prioritize support for suppliers aligned with ESG KPIs.

1:45 pm - 2:45 pm: Treasury Risk Management: Lessons for Weathering a One-in-100-Year Economic Event

Cash Management practices have made remarkable progress over the years with the help of new innovations, and with more to come. This session presents a timeline of milestone developments and looks at new technologies on the horizon and their potential to transform the cash management function. It also provides a dive into Yahoo&rsquo;s best practices in digital treasury, using a sophisticated treasury workstation and employing API technology to drive efficiency and support critical business growth objectives.
Svend Mejdal, Director, Solution Sales, Treasury and Trade Solutions, Citi

2:00 pm - 3:00 pm:  In the Room Where it Happens:  Where Cash Management Practices Are Headed and How We Got Here

AFP brings together thousands of corporate treasury and finance professionals from all over the world.  Citi is excited to
sponsor this year’s event and we look forward to seeing you in San Diego!



Citi at AFP 2023

Money20/20 is one of the most influential gatherings of the money ecosystem where powerful conversations and connections happen.
Our Citi delegation is on-the-ground and will be joining discussions with other industry experts on a range of topics, from payments infrastructure and the metaverse to global expansion and the future of finance.&nbsp;
Please join us at one of our sessions!

Location: Lando, Level 4
AI powers seamless integration and collaboration across financial services, fostering innovation and enhancing customer experiences. Experts from Citi, Visa and Plaid will delve into AI-driven strategies and examples demonstrating the potential of AI in bridging gaps within the banking and payments ecosystem. Discover how AI solutions can centralize data to drive deeper, more holistic insights and offload routine tasks with automation.

 11:31am – 11:56am PST - AI Summit, powered by AWS and NVIDIA - Fueling Innovation in Banking and Payments with AI

Location: Murano, Level 3 
Startups used to disrupt incumbents. The pace of technological change is happening so fast now that startups are having to think seriously about disrupting themselves. That product you build six months ago? Yeah, that may be out of date or even the wrong product. This conversation is about the hard decisions and counterintuitive strategies associated with building a modern business for the long-term.

2:40pm - 3:00pm PST - Solving the Innovator's Dilemma - Building a Startup Within a Startup

Location: The Exchange, Money Hall
Today, an estimated 88% of Americans rely on digital financial services to manage their money. As hundreds of millions of people move their financial lives online, banks and fintechs must work together to support a new open finance future. Plaid CEO Zach Perret and Citi COO Anand Selva will discuss how they think about the future of finance, the challenges and opportunities ahead, and how their partnership represents a new frontier of collaboration for the industry.
&nbsp;

11:35am – 12:00pm PST - The Future of Digital Finance: Working Together to Accelerate Innovation

Location: Converge Stage powered by Convera, Money Hall
There's a lot of talk about payments these days, but what's really being done on the ground in the most systemically important institutions to shape and implement next gen. cross-border payments infrastructure? How are instant and real time payments operating now, and how will they in the future? How are targets set by the G20 for adoption of new technologies as well as ISO20022 influencing the technology roadmaps of global organizations in 2023 and beyond? There are more questions than answers at this point and this conversation is bringing answers.

11:55am – 12:35pm PST New Rails to New Worlds: Building Inclusive, Innovative Infrastructures for Global Payments. Powered by Convera

Location: The Black Box Stage, Money Hall
With the launch of FedNow, preventing RTP fraud and avoiding another Zelle situation is crucial as consumers faced $8.8 billion in fraud in 2022. This panel will discuss why fintech companies must identify system loopholes and think about preventative measures to ensure a safe financial future for all.

2:15pm - 2:55pm PST - Opening Pandora’s Box: Real-time Payments, Fraud, and FedNow

Location: The Black Box Stage, Money Hall
LatAm is the new obsession for international business expansion, and for fintechs trying to help them navigate in a foreign land. Don&rsquo;t try it alone. Fintech and their clients need banking partners to navigate the complex regulatory environment and unpredictable FX rates. In this session, the experts will outline the challenges of LATAM markets, and the way to look for partners already working in those arenas.

3:40pm – 4:20pm PST - Expanding into LatAm; Going It Alone is Not an Option

Location: The Black Box Stage, Money Hall
Right now, the "metaverse" is a collection of shared virtual worlds- but they aren't interoperable. Until digital assets can travel from space to space with a digital identity, the ideal form of the metaverse can't be achieved. So, what can make that happen? How do we get the many metaverses to interact? What can incentivize opening those interactions?
This panel will discuss the ideas and incentives that will mean your real money can go with you into many virtual realities.

2:15pm – 2:45pm PST - Virtual Reality, Real Money

Money20/20 is one of the most influential gatherings of the money ecosystem where powerful conversations and connections happen.




Citi at Money20/20 USA

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The risks and opportunities surrounding sustainability and “ESG,” are increasingly becoming part of every company’s journey. The business landscape is changing for many companies, including privately held companies.

Starting early on ESG and sustainability strategies can support growth long-term for privately held companies

Following pandemic-related disruptions, supply chains are in a state of transition. To avoid future backlogs and disruptions, many solutions are being explored including a switch from just-in-time inventory to just-in-case, as well as near-shoring and on-shoring. Technology can play a significant role in securing global supply chains via automation, software, and connectivity. New technology developments can be utilized from production to storage, delivery, and recycling.

Improving Efficiency, Resilience, and Transparency

Following pandemic-related disruptions, supply chains are in a state of transition. To avoid future backlogs and disruptions, many solutions are being explored including a switch from just-in-time inventory to just-in-case, as well as near-shoring and on-shoring. 

Supply Chain Technology

This calls for a fundamental remodelling of the state

The former UK Foreign Secretary says embracing the opportunities and confronting the threats of artificial intelligence will be vital to future competitiveness and will mean ripping up the playbook - reimagining governments and societies.    

Lord Hague on AI and Government Policy

Prosocial attitudes continue to thrive globally, but giving trends changed in 2022 compared to 2021. Some countries saw an uptick in charitable giving following the invasion of Ukraine, while others saw headline figures fall below pandemic-related highs. In the U.S., giving is becoming more institutional, with the nonprofit and for-profit sectors moving closer together in mission purpose, business models, and partnerships. International giving is also becoming more "local' to beneficiaries.

Perspectives on the Future of Giving

Prosocial attitudes continue to thrive globally, but giving trends changed in 2022 compared to 2021. Some countries saw an uptick in charitable giving following the invasion of Ukraine, while others saw headline figures fall below pandemic-related highs. 

Philanthropy and the Global Economy v3.0

A recent report from Citi Research’s Saurabh Handa and team looks at progress on India’s pathway to net zero. 

India Clean Energy: Progress & Policy 

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Citi, the leading global bank, serves more than 200 million customer accounts and does business in more than 160 countries and jurisdictions. Learn more today.

INSIGHTS / GLOBAL INSIGHTS

Philanthropy and the Global Economy v3.0

India Clean Energy: Progress & Policy

Supply Chain Technology

Lord Hague on AI and Government Policy

Events

Citi at AFP 2023

Citi at Money20/20 USA

Opal CLO Summit

Citi at AFP 2023

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