Citibank has made a strategic investment in metadata management software provider Solidatus and also decided to implement the Solidatus platform internally.

The financial details of the transaction have not been divulged.

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Citibank will deploy the Solidatus platform at a global enterprise level.

As a major investor and partner, Citi expands Solidatus’ roster of Tier 1 banking clients.

Solidatus will use the investment to boost its growth by expanding into the US and the APAC region.

Its platform helps data-rich and regulated companies manage their data, workforce, and operations.

It does this by mitigating risks through transparency, automation, and collaboration.

Solidatus, by leveraging its graph database technology, helps organizations map, manage, and monetize their key assets.

It helps in digital transformation, data governance, cloud migration, and regulatory reporting.

Solidatus co-founder Philip Dutton comments: “Securing investment from an organization with the stature of Citi is a tremendous statement of intent for the business, especially at such a key point in our evolution.

“They are the first of our Tier 1 banking clients to see the potential for a closer strategic partnership.”

Citibank Institutional Clients Group global head of operations and technology Stuart Riley said: “Our partnership with Solidatus will bring state-of-the-art technology to enhance our data ecosystem.

“It’s critical we understand our organizational data flow to enable us to deliver efficiently to our clients.”

Citibank CDO Chris Hayward added: “The Solidatus solution will support Citi’s ongoing commitment to change management, helping our global infrastructure to stay agile, efficient and robust.”