Citizens Bank Partners with Opportunity Network to Offer Clients Access to Innovative Growth-Focused Business-to-Business Networking Platform
First U.S. bank to provide fintech solution to connect prospective
PROVIDENCE, R.I.--(BUSINESS WIRE)--
Citizens Bank announced today that Citizens Commercial Banking is
partnering with Opportunity Network to offer Citizens’ clients access to
an innovative business-to-business networking platform designed to
promote growth by connecting business owners to a network of 13,500 CEOs
and $35 billion of deal flow.
Citizens is the first U.S. bank to offer its clients access to the
Opportunity Network platform, through which users can seek trustworthy
partners to help them expand into new markets, sell privately held
enterprises, execute cross-border mergers and acquisitions, and maximize
global asset utilization. Opportunity Network uses a proprietary
algorithm designed to create efficiencies in global deal making by
matching users' strategic preferences with current deals on the platform.
Citizens has a client-first approach, and the bank’s partnership with
Opportunity Network is a clear demonstration of providing technology to
help clients expand their businesses. As companies look for growth both
domestically and internationally, Citizens is a leader in helping them
facilitate growth by offering exclusive access to the network.
“It made a lot of sense for us to partner with Citizens Bank because the
Citizens team is committed to leveraging innovative digital technologies
– both organically and through partnerships such as ours – to create
better experiences for their clients and to provide smart solutions in
the areas that matter most to them,” said Garrett Smith, Opportunity
Network founding partner and president, North America.
“Opportunity Network has an attractive value proposition for midsize
businesses, and this collaboration gives us yet another way to help meet
the needs of our customers at every stage of their life cycle," said
Steve Woods, head of corporate banking for Citizens Bank. “Partnering
with Opportunity Network helps us address an important issue: the fact
that many midsize businesses and private investors could benefit from
expanded tools and networks of contacts to grow.”
Citizens is positioned as a strategic and financial partner, offering
deep expertise, great ideas and seamless deal execution. The Citizens
Commercial Banking approach puts clients first, and offers solutions
that help clients make the best decisions throughout the life cycle of
More information about the Opportunity Network is available here.
For more information about Citizens, visit the Citizens
Commercial Banking website.
About Citizens Financial Group, Inc.
Financial Group, Inc. is one of the nation’s oldest and largest
financial institutions, with $149.5 billion in assets as of December 31,
2016. Headquartered in Providence, Rhode Island, Citizens offers a broad
range of retail and commercial banking products and services to
individuals, small businesses, middle-market companies, large
corporations and institutions. In Consumer Banking, Citizens helps its
retail customers “bank better” with mobile and online banking, a 24/7
customer contact center and the convenience of approximately 3,200 ATMs
and approximately 1,200 Citizens Bank branches in 11 states in the New
England, Mid-Atlantic and Midwest regions. Citizens also provides wealth
management, mortgage lending, auto lending, student lending and
commercial banking services in select markets nationwide. In Commercial
Banking, Citizens offers corporate, institutional and not-for-profit
clients a full range of wholesale banking products and services
including lending and deposits, capital markets, treasury services,
foreign exchange and interest hedging, leasing and asset finance,
specialty finance and trade finance.
Citizens operates through its subsidiaries Citizens Bank, N.A., and
Citizens Bank of Pennsylvania as Citizens Bank, Citizens Commercial
Banking and Citizens One. Additional information about Citizens and its
full line of products and services can be found at www.citizensbank.com.
About Opportunity Network
Network is the business matchmaking platform where members can find
trustworthy counterparties for any deal above $1 million and that allows
banks to grow their market share. Members, key decision-makers selected
by financial institutions from all over the world, post opportunities
anonymously that vary from M&As, commercial partnerships, investments,
to joint ventures. Opportunity Network now serves thousands of companies
across 128 countries and has hosted over $35 billion in opportunity deal
flow. Hundreds of connections have been made on Opportunity Network’s
platform, playing a key role in sustaining global economic development.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170207005278/en/
Citizens Financial Group, Inc.
Frank Quaratiello, 617-725-5851
Source: Citizens Financial Group, Inc.