For Immediate Release
Citigroup Inc. (NYSE: C)
June 27, 2014

Citi Latin America Announces Winners of Citi Mobile Challenge

highlights

Eleven winning organizations and individuals – from Argentina, Brazil, Colombia Guatemala, Venezuela and the U.S. – will have the opportunity to engage with Citi in a potential commercial relationship

Miami, Florida – Eleven organizations and individuals, selected from a group of over 50 finalists, have won the Citi Mobile Challenge Latam 2014, a virtual developer competition designed to accelerate mobile banking innovation by bringing together the most talented and creative developers and designers to create cutting-edge solutions for Citi’s Mobile Banking platform.

The competition’s front–runners include Pidelo Rapido, recognized as the Overall Best Innovative Mobile Solution, and POS MÓVIL Group, which has been named Overall Best B2B & Financial Inclusion Solution. In addition, runner-up winners Tadevel and Developer Fabian Andres Angeloni, have been recognized as the Most Innovative Retail Technology Solution and Most Innovative Individual Developer Solution, respectively. In addition to engaging with Citi in a potential commercial relationship, these four winners will share $60,000 in cash awards.

“We are honored to recognize the winners of the Citi Mobile Challenge. These extraordinary results were only possible thanks to the high-caliber competitors and the immense digital talent emerging globally,” said Jorge Ruiz, Business Development and Digital Banking Head for Citi Latin America. “The competitors have infused our organization with innovative ideas in both the Consumer and Corporate Banking areas, which will be at the forefront of mobile banking innovation. Their contributions have the potential to impact millions around the world, and we look forward to continue working with each of them over the coming months.”

POS MÓVIL Group’s ‘PAQ’ is a full-cycle mobile commerce platform that offers an inclusive B2B collections feature, while PideloRapido’s ‘Citi Shopping,’ is an integrated personalized e-commerce solution. Developer Fabian Angeloni’s ‘123 Transfer Done!’ offers a payment and transfer functionality, and Tadevel with ‘Predictive Deals’ looks to learn consumer habits to provide targeted offers.

“Digital technologies and mobile channels have enormous potential to expand financial inclusion across markets. We couldn’t be happier with the results because many of the solutions presented can help us better serve our institutional clients as they expand the outreach in their supply and distribution chains, while at the same time contributing to the development of more inclusive financial systems,” said Jorge Rubio, Inclusive Finance & Microfinance Head for Citi Latin America.

The winners will have a chance at bringing their ideas to market and possibly transforming Latin America’s mobile banking sector by engaging with Citi in a potential commercial relationship.

Full list of awards:

Innovative Mobile Solutions Category

  • Overall Best Innovative Mobile Solution - Pidelo Rapido
  • Most Innovative Individual Developer Solution - Fabian Andres Angeloni
  • Most Innovative Retail Technology Solution - Tadevel
  • Most Innovative Omnichannel Solution - Planet Media
  • Most Innovative Product Enhancement Solution - G&L Group
  • Most Innovative Customer Servicing Solution - SACapp

B2B Mobile Solutions Category

  • Overall Best B2B & Financial Inclusion Solution - POS Movil
  • Most Innovative Solution for Impact Investing - ID Interactive
  • Most Innovative Customer Interaction Solution - Juntos Finanzas Inc.
  • Most Innovative Solution for Businesses - Watto Apps, CA
  • Most Innovative Financial Management Tool - Yodlee Inc.

Individuals, teams and companies from all over the world were invited to submit their entries in one of two categories: Innovative mobile solutions or B2B mobile solutions. More than 150 participants from 19 countries and 50 cities applied for the opportunity to present their innovative ideas and solutions to a panel of international judges on the Demo Day events in Buenos Aires, Argentina and Bogota, Colombia. Winners were selected by a panel of entrepreneurial and tech leaders as well as Citi executives, judging submissions on criteria based on the quality of the code, how easily it can be integrated with the Citi mobile banking platform and the application’s power and potential to impact the lives and businesses of users in Latin America.

Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

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