Through Citi Ventures, the Bank has boasted a global network of tech companies that participate in its six Citi Global Innovation Labs, focussing on e-commerce and cybersecurity. CitiBank has made a strategic investment in Feedzai, a leading global data science enterprise that works in real-time to identify and eradicate fraud in all avenues of commerce including online and in-person banking. To prevent fraud and monitor potential threats to customers in commerce Feedzai utilizes “machine-based learning” to evaluate “big data” and potentially fraudulent activities.

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