Citi has established a multi-year partnership with Google Cloud to leverage its Vertex AI platform, marking a significant step in the bank’s technological advancement.
This collaboration will enable Citi to enhance its technology infrastructure by migrating various workloads and applications to the Google Cloud environment. The bank anticipates that this transformation will pave the way for superior digital offerings, optimize employee workflows, and implement advanced computing and analytics solutions. Notably, the integration of high-performance computing (HPC) capabilities will support Citi’s Markets division in executing millions of computations on a daily basis.
In addition, Citi plans to utilize Google Cloud’s Vertex AI to deploy generative AI features throughout the organization. This initiative aims to improve developer toolkits, streamline document processing, and promote digital transformation efforts across the company.
Tim Ryan, head of technology and business enablement at Citi, stated, “Utilizing Google Cloud allows us to explore new possibilities in application performance, delivering quicker and more comprehensive results while equipping our teams with the necessary tools to better serve our clients.”
For those interested in the evolving landscape of artificial intelligence in the banking sector, consider attending Finextra’s inaugural NextGenAI conference on November 26, 2024. Register your interest here.