The Citi® Open Innovation Challenge

The Citi Open Innovation Challenge is a program designed to identify, educate, and apply the most promising tech solutions to a defined Citi challenge statement.

Why Apply?

Following live demos to Citi leadership in NYC, at least one graduate of the Program will be awarded $50,000 and a 3-day design workshop.

The Process

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Recruitment
We’re looking for best-in-class later stage technology firms with compelling solutions to the challenge statement.
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Application Process
Three Rounds:

  1. Initial Application
  2. Request for further details
  3. Virtual Demo
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Citi FinTech Integration Program
5-week, highly focused virtual program packed with insights designed to fast track collaboration with Citi and other leading institutions.
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Final Evaluation Week
The Challenge culminates in live demos to Citi leadership in New York, resulting in at least one graduate of the Program awarded $50,000 and a 3-day design workshop.

Challenge Statement

How can Citi empower customers to manage their debt
and improve their overall financial wellness?

Click Here to Apply

Applications Close November 30th, 2018

Stay In touch

If interested in joining our mailing list to learn about future Challenges, please click here.

FAQ

Applications are open to established FinTechs and growing technology companies from around the world. Companies will be selected for the Citi FinTech Integration Program based on their verified answers to questions about their organization and their solution’s relevance to the Challenge statement.

Graduates of the Citi FinTech Integration Program will understand the requirements of working with a large financial institution by engaging with Citi's internal functions via EIRs, office hours, webinars, AMAs, and much more.

Following live demos to Citi leadership in NYC, at least one graduate of the Program will be awarded $50,000 and a 3-day design workshop. Other outcomes for graduates may include:

  • Access to exclusive Open Innovation Community
  • Potential for future engagement with Citi
  • First look at future Challenge programs
    • Access & exposure to industry thought leaders
    • Credits and expert mentorship from major cloud providers

External mentors for the Program will vary by Challenge as they will be tailored to each cohort. Participants of the Program can expect expert guidance and dedicated support from major cloud providers, industry thought leaders, and experienced founders.

There is no charge to apply or participate in the Citi Open Innovation Challenge. However, participants are expected to cover their own costs if needing to travel to New York during the final live demo at the end of the Program. Citi will not take equity from participants as part of the Program.

Yes, at least one of the participants will be selected for a cash award.

Selected participants are expected to have at least one key member engaged during the Citi FinTech Integration Program.

Selected participants are required to be present in New York during the final week of the Program for the live demo.

Yes, an NDA is required for all participants.

Yes, participants of the Program will work with Citi to promote their involvement and outcomes.

Although most of the Program is virtual, the final week requires at least one representative of each participant to attend the NYC live demo portion of the Program in person to be considered for the cash award and design workshop. Participants are responsible for their own travel costs.

Past Programs

Citi Tech for Integrity Challenge

Our goal for this challenge was to encourage innovators from around the world to create cutting-edge solutions to promote integrity, accountability and transparency in the public sector and beyond

Launched in 2017

Citi Smarter WorkLife Challenge

This challenge was a crowd-sourcing initiative created to identify innovative human resources technologies to improve the employee experience from recruitment all the way to retirement

Launched in 2015

Citi Data Scientist Challenge

We wanted this initiative to inspire fresh and creative approaches to mining data, discovering actionable insights, and delivering impact

Launched in 2015

Citi Mobile Challenge

We invited startups and developers to work with Citi for 30 days to build new mobile-centric solutions based on our digital platform in this Hackathon / Accelerator hybrid

Launched in 2014

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