Citi pens multi-year cloud and AI tech modernisation deal with Google Cloud

Partnership Announcement: Citi has entered a multi-year partnership with Google Cloud to modernize its technology infrastructure with cloud and AI.
Migration Plans: Citi will migrate multiple workloads, applications, and digital products to Google Cloud, focusing on enhancing employee and client experiences.
High-Performance Computing (HPC): The partnership will use Google’s HPC to execute millions of computations daily, supporting Citi’s Markets business.
Vertex AI Integration: Citi will deploy Google’s Vertex AI platform, enabling generative AI capabilities for tasks like developer toolkits, document processing, and digitization.
Modernization Goal: Tim Ryan, Citi’s head of technology, describes the partnership as a step toward modernizing infrastructure for improved safety and soundness.
Google Cloud’s Banking Partnerships: This agreement adds Citi to Google Cloud’s list of banking partners, which includes Bendigo and Adelaide Bank, Banco Santander CIB, Bank Muamalat, and TD Bank.