AI
AI will impact more than half of finance jobs -- banks to spend $40 billion: Citi
"This process requires an ability to efficiently validate, understand, and store content of documents to correctly implement client instructions"
Banking
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..."
Citi
Citi retires 6% of its legacy applications – and 20,000 people
People take the hit to offset huge spending on tech, risk.
Citi
Citi appoints co-CIOs, as CEO says deep restructuring will make “some of our people very uncomfortable”
"We will focus on simplifying how we work"
Citi
Job of the Week: Head of Generative AI Security, Citi
"Ideate and leverage Gen AI to solve cybersecurity problems at scale for Citi..."
Cloud
Citi CTO spearheads new pan-industry ‘Common Cloud Controls’ project at FINOS
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.
Cloud
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
Featured
A $1bn fat finger helps drive Citi's $13.6bn IT spending plans
Overhaul comes after howling error in 2020 blamed on legacy software, bad training...