Citi partners with PwC and IBM on FinTech mobile challenge

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IBM and PwC have become Citi’s strategic partners for the Citi Mobile Challenge in Asia Pacific. IBM will provide mentoring classes and its digital innovation platform, Bluemix, whilst PwC is working with Citi on an acceleration programme across the Asia Pacific region.

IBM’s platform will allow developers who are participating in the Citi Mobile Challenge  build, test and deploy their FinTech solutions and PwC’s programme will provide relevant business leadership and industry content to programme finalists, together with structured mentoring from senior Citi management.

Citi Mobile Challenge is a next-gen accelerator that features a virtual hackathon as well as an incubator that’s connected to a global network of experts and developers.

Citi will make available a variety of APIs from the bank and other leading financial and technology companies to help developers create real-world innovations that could function with existing Citi technology.

A panel of industry experts and financial technology leaders will evaluate the solutions at each event.

The finalists of the challenge receive a share of $100,000 and the opportunity to explore a commercial relationship with Citi and FinTech companies.

“The platform of development tools the companies will make available to Challenge participants will go a long way towards helping them turn their creative ideas into innovative realities,” said Citi’s Anand Selva, head of consumer banking Asia Pacific.

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