Citi & Navan unveil travel solution for commercial bank Clients
By Delisha Fernandes
Citi and Navan, a modern travel and expense management solution, has launched a new, jointly branded travel and expense system designed for Citi Commercial Bank (CCB) cardholders.
The strategic agreement, which combines Navan’s all-in-one solution and Citi’s commercial card solutions, leverages the innovative card-link technology of Navan Connect to create a seamless digital experience for the bank’s Commercial Bank cardholders.
Gonca Latif-Schmitt, Global Head of Citi’s Commercial Cards, said, “Citi and Navan are now well-positioned to deliver a more efficient way to manage travel and expense programs, with a platform that’s easy to use for both travelers and finance teams, while aiming to alleviate the challenges that sometimes come with expense reporting for cardholders. This collaboration provides an opportunity for Citi to grow its Commercial Cards business by partnering with our Commercial Bank, while also offering travel booking and expense management technology.”
The bank’s Treasury and Trade Solutions (TTS) business is collaborating with Citi Commercial Bank to deliver a differentiated offering for Citi’s mid-market clients. This new solution is complementary to Citi’s existing product offering for Commercial Bank clients, which includes solutions for Payments, Receivables, Liquidity Management, Foreign Exchange and Trade.
“This agreement validates not just Navan’s technology — but also the value of the real-time visibility and control over spend that Navan offers finance teams and traveling employees,” said Ariel Cohen, CEO and co-founder of Navan. “Before Navan Connect, banks were limited to offering their customers disparate travel and payment solutions. Today, Navan and Citi are helping to make travel and expense management easy for Citi Commercial Bank clients.”
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