Citi to Revamp Technology With Google Cloud

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">NEW YORK<&sol;span> and <span class&equals;"xn-location">SUNNYVALE <&sol;span><&sol;span><&sol;strong>&&num;8212&semi; Citi&comma; one of the nation&&num;8217&semi;s largest banks&comma; has joined forces with Google Cloud in a multi-year agreement to support Citi&&num;8217&semi;s digital strategy through cloud technology and artificial intelligence &lpar;AI&rpar;&period; This collaboration focuses on modernizing Citi&&num;8217&semi;s technology infrastructure and enhancing employee and client experiences on cloud-based applications&period;<&sol;p>&NewLine;<p>Through the collaboration&comma; Citi will migrate multiple workloads and applications to Google Cloud&&num;8217&semi;s secure and scalable infrastructure&period; By modernizing its technology infrastructure on Google Cloud&comma; Citi will unlock the ability to offer improved digital products&comma; streamline employee workflows&comma; and run high-performance computing &lpar;HPC&rpar; and analytics platforms&period; This includes using advanced HPC capabilities to facilitate the execution of millions of computations daily in Citi&&num;8217&semi;s Markets business&period;<&sol;p>&NewLine;<p>As part of the agreement&comma; Citi will also use Google Cloud&&num;8217&semi;s Vertex AI platform to deliver generative AI capabilities across the company&period; With Google Cloud&comma; Citi will be able to fuel its generative AI initiatives related to developer toolkits&comma; document processing&comma; and digitization capabilities to empower customer servicing teams&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Citi is on a mission to modernize our infrastructure and increase our safety and soundness so that our businesses can continue to serve our clients with speed and agility&comma;&&num;8221&semi; said <span class&equals;"xn-person">Tim Ryan<&sol;span>&comma; Head of Technology and Business Enablement for Citi&period; &&num;8220&semi;Leveraging Google Cloud opens up a whole new frontier for us in how we can run applications with faster and more comprehensive outputs&comma; and provide our colleagues with the tools they need to deliver for our clients&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Our strategic partnership with Citi to continue to modernize its technology infrastructure and drive enterprise-wide innovation underscores Google Cloud&&num;8217&semi;s commitment to helping the financial services industry transform with cloud and AI technology&comma;&&num;8221&semi; said <span class&equals;"xn-person">Thomas Kurian<&sol;span>&comma; Google Cloud CEO&period; &&num;8220&semi;By combining Citi&&num;8217&semi;s deep banking and customer experience expertise with Google Cloud&&num;8217&semi;s leading cloud and AI capabilities&comma; we can deliver significant benefits to Citi&&num;8217&semi;s clients and employees&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Google Cloud&&num;8217&semi;s secure infrastructure empowers financial institutions to confidently embrace digital transformation while safeguarding sensitive data and meeting stringent regulatory&comma; policy&comma; and business requirements&period; This robust foundation is built with a defense-in-depth approach&comma; incorporating multiple layers of security such as data encryption at rest&comma; in transit&comma; and in use with Confidential Computing&period; Google Cloud also meets key industry standards through comprehensive compliance certifications like PCI DSS&comma; ISO 27001&comma; and SOC 2&period;<&sol;p>&NewLine;