Citi and Navan have unveiled a groundbreaking collaboration, introducing a new, jointly branded travel and expense system designed specifically for Citi Commercial Bank (CCB) cardholders.
This strategic agreement combines the strengths of Navan, a leading modern travel and expense management solution, and Citi’s renowned commercial card solutions.
Leveraging Navan Connect’s innovative card-link technology, this partnership aims to create a seamless digital experience tailored to Citi Commercial Bank cardholders. Notably, it marks the industry’s first comprehensive end-to-end corporate Travel and Expense (T&E) management collaboration of this magnitude.
Initially, the system will be accessible exclusively to Citi Commercial Bank clients based in the United States.
Citi’s Treasury and Trade Solutions (TTS) business, in collaboration with Citi Commercial Bank, is introducing an innovative offering for Citi’s mid-market clients. This new solution complements Citi’s existing product portfolio for Commercial Bank clients, encompassing leading solutions in Payments, Receivables, Liquidity Management, Foreign Exchange, and Trade.
Navan is a pioneer in the realm of modern travel and expense management solutions. The company is known for its all-in-one approach and innovative card-link technology, which aims to simplify expense reporting and enhance the travel and expense programs for 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.”
Ariel Cohen, CEO and co-founder of Navan, said, “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. 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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