Grant Thornton's FinTech Centre of Excellence congratulates Citigroup's Aussie CEO on his refreshing candour, but calls on Citi to follow through on bringing the innovations to the market for their customers.
Citi's CEO, Stephen Roberts introduced this year's Citi Mobile Challenge. "We’re trying to be more humane. But we just can’t do it. We’re going to fail at it."So [we] created this idea of tapping into flexibility and the nimbleness that we depend upon but we will never be able to do."Some people call it disruption ... it’s enabling, it’s facilitating. I welcome disruption," Mr Roberts said.Registration for the Challenge is now open and selected participants will demonstrate their concepts in Sydney, Hong Kong, Singapore and Bangalore.The Sydney event will be run in November this year, with applications expected to close early September.