Citi has entered a multi-year agreement with Google Cloud to expand its cloud and AI capabilities. Through this partnership, Citi aims to shift to a more agile, modern infrastructure.<\/p>\n
As part of this transformation, Citi plans to migrate various workloads and applications to Google\u2019s cloud platform, while also leveraging Vertex AI for machine learning across key operations.<\/p>\n
This collaboration clearly reflects Citi\u2019s commitment to embedding AI across critical areas. Specifically, Citi will use Vertex AI for document processing, developer tools, and enhanced customer service.<\/p>\n
Furthermore, Citi\u2019s Markets business, which performs millions of daily computations, will greatly benefit from Google Cloud\u2019s high-performance computing (HPC). By adopting Google\u2019s technology, Citi expects faster application performance and more efficient data handling.<\/p>\n
In addition, Tim Ryan, Citi\u2019s head of technology, emphasized the partnership\u2019s transformative potential. \u201cCiti is on a mission to modernize our infrastructure and increase safety,\u201d he stated. According to Ryan, Google Cloud \u201copens a new frontier\u201d for Citi, enhancing output and providing employees with advanced tools to better serve clients.<\/p>\n
Moreover, this contract aligns with Citi\u2019s ongoing IT consolidation efforts. Over the years, Citi has streamlined its data centers from 70 to around 20. Recently, it added two new centers in Texas to support these changes. With Google Cloud\u2019s support, Citi may now consolidate further as it shifts more workloads to the cloud.<\/p>\n
In the past two years, Citi has retired over 1,250 legacy applications. This overhaul addresses previous compliance challenges and regulatory fines tied to data issues. CEO Jane Fraser described these tech upgrades as a \u201cstrategic overhaul\u201d aimed at creating a safer, more efficient digital environment for all stakeholders.<\/p>\n
Finally, Thomas Kurian, CEO of Google Cloud, expressed enthusiasm, noting that the partnership underscores Google\u2019s commitment to transforming finance through cloud and AI. By blending Citi\u2019s banking expertise with Google\u2019s tech strengths, both companies aim to enhance the experience for Citi\u2019s clients and employees.<\/p>\n
Ultimately, this partnership marks a pivotal step in Citi\u2019s digital transformation journey. It will streamline operations, enhance compliance, and elevate service quality across Citi\u2019s global network.<\/p>\n","protected":false},"excerpt":{"rendered":"
Citi has entered a multi-year agreement with Google Cloud to expand its cloud and AI capabilities. Through this partnership, Citi aims to shift to a more agile, modern infrastructure. As part of this transformation, Citi plans to migrate various workloads and applications to Google\u2019s cloud platform, while also leveraging Vertex AI for machine learning across […]<\/p>\n","protected":false},"author":20624,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[1833,2662,93,1793,672,2664,2665,2663],"class_list":["post-4918","post","type-post","status-publish","format-standard","hentry","category-featured","tag-ai","tag-citi","tag-cloud","tag-google-cloud","tag-it","tag-jane-fraser","tag-thomas-kurian","tag-tim-ryan"],"acf":[],"yoast_head":"\n