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A Citi popup showed a trader 711 alerts: They clicked it away – and generated $196 billion in trading orders by mistake
90% of controls on one trading desk were manual and key processes including trade pricing were "conducted manually, predominantly, in Excel spreadsheets..."
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Citi adds 8,000 tech staff, hikes IT spending 12%
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...
