NEW YORK and SUNNYVALE, Calif., Oct. 28, 2024 — Citi has entered a multi-year agreement with Google Cloud aimed at modernizing its technology infrastructure through cloud and artificial intelligence (AI) solutions.
The collaboration will see Citi migrate various workloads and applications to Google Cloud’s secure infrastructure, enhancing both employee and client experiences. This modernization is expected to improve digital product offerings and streamline workflows.
Citi will utilize Google Cloud's Vertex AI platform to implement generative AI capabilities, which will support initiatives such as developer toolkits and document processing.
Tim Ryan, Citi’s Head of Technology and Business Enablement, stated that this partnership is crucial for modernizing their infrastructure to better serve clients. Google Cloud CEO Thomas Kurian emphasized the importance of this strategic partnership in driving innovation within the financial services sector.
The collaboration aims to ensure that Citi can operate with increased efficiency while maintaining stringent security standards and regulatory compliance.