Citi has entered a multi-year partnership with Google Cloud to leverage its Vertex AI platform, modernizing its technology infrastructure. This collaboration aims to migrate various workloads and applications to Google's cloud services, enhancing Citi's digital product offerings, streamlining workflows, and supporting high-performance computing needs. Notably, the advanced HPC capabilities will enable Citi's Markets business to perform millions of computations daily. The agreement also involves deploying Vertex AI to introduce generative AI capabilities across the organization, focusing on developer toolkits, document processing, and digitization efforts.
Tim Ryan, Citi's head of technology and business enablement, emphasized that Google Cloud's solutions provide innovative ways to run applications more efficiently, offering comprehensive outputs and equipping employees with enhanced tools to better serve clients. Overall, Citi's strategic move is expected to broaden its technological horizon, enabling advanced analytical and operational capabilities within the bank.
Source: Finextra
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