Citi
8
"This process requires an ability to efficiently validate, understand, and store content of documents to correctly implement client instructions"
90% of controls on one trading desk were manual and key processes including trade pricing were "conducted manually, predominantly, in Excel spreadsheets..."
People take the hit to offset huge spending on tech, risk.
"Ideate and leverage Gen AI to solve cybersecurity problems at scale for Citi..."
Citi, Goldman, Morgan Stanley, LSEG, Natwest Group, and RBC are all participating amid concerns at the opacity of public cloud security and resilience tests and controls.
Citigroup has added 8,000 people in its technology function over the past 12 months as it ramps up an ambitious digital transformation programme, hiking IT spending by 12% in Q1 2023 and slashing app numbers. Recent successes include the retirement of 20 trading platforms to consolidate around one, an
Overhaul comes after howling error in 2020 blamed on legacy software, bad training...