digital transformation

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

"I want to stimulate debate about how we can rediscover and re-energise" digital ambitions

Deutsche Bank has extended a contract with Kyndryl (previously IBM Infrastructure Services) to run its continental European core banking and mission critical IT infrastructures, in what the two described as one of the “largest and longest-running vendor contracts in the financial industry” at nearly 20 years together. Kyndryl will also

100,000 servers, 90,000 workstations, 37,000 relational databases, 3,000 apps...

"Recent initiatives have seen a reduction in the supplier base in some markets."