Citi is set to migrate to Google Cloud following the signing of a multi-year agreement focused on modernising Citi’s technology infrastructure.
Specifically, the cloud technology will migrate multiple workloads and applications to Google Cloud’s infrastructure, including the use of Google Cloud’s Vertex AI platform which will deliver Gen-AI capabilities across the firm.
Tim Ryan, head of technology and business enablement at Citi, said: “Citi is on a mission to modernise our infrastructure and increase our safety and soundness so that our businesses can continue to serve our clients with speed and agility.
“Leveraging Google Cloud opens up a whole new frontier for us in how we can run applications with faster and more comprehensive outputs, and provide our
colleagues with the tools they need to deliver for our clients.”
Citi is set to benefit from high-performance computing (HPC) and analytics platforms, which in Citi’s Markets business means the execution of millions of computations daily.
“Our strategic partnership with Citi to continue to modernise its technology infrastructure and drive enterprise-wide innovation underscores Google Cloud’s commitment to helping the financial services industry transform with cloud and AI technology,” said Thomas Kurian, chief executive of Google Cloud.
“By combining Citi’s deep banking and customer experience expertise with Google Cloud’s leading cloud and AI capabilities, we can deliver significant benefits to Citi’s clients and employees.”