Citi launches Citi Consolidate, an invoice processing tool powered by Infor.

Citi launched a new product on July 29, 2026.

Primary

Citi

Date

July 29, 2026

Sub-sector

B2B Payments

This is a large incumbent bank launching a competitive product in invoice automation, but Citi's scale and distribution mean sub-$250M fintech invoice processors should monitor for potential white-label partnerships or acquisition interest rather than viewing this as an immediate threat.

Primary company

Citi

Counterparty

Not disclosed

Amount

Not disclosed

Event date

July 29, 2026

Sub-sector

B2B Payments

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

Finextra

Source: finextra.com