Enterprise IT

Citi adds 8,000 tech staff, hikes IT spending 12%

digital transformation

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...

Azania Imtiaz Patel April 18, 2023

IBM mainframe licences have a 90% margin, opportunity growing: CFO

IBM mainframe licences have a 90% margin, opportunity growing: CFO

“30% of our software book of business”

The Stack April 17, 2023

AWS launched 3,300 new features in 2022 but Andy Jassy has his mind on...

AWS launched 3,300 new features in 2022 but Andy Jassy has his mind on...

Shareholder letter reveals focus of Amazon CEO after brutal year

The Stack April 17, 2023

ex-TSB CIO first IT leader fined under senior managers regime

ex-TSB CIO first IT leader fined under senior managers regime

"A gap in the control environment which was proving difficult to close..."

The Stack April 14, 2023

UK’s ambitious new 5G strategy hints at support for mergers, changes to “net neutrality” rules

UK’s ambitious new 5G strategy hints at support for mergers, changes to “net neutrality” rules

Standalone 5G everywhere by 2030 - on whose dime?

Azania Imtiaz Patel April 13, 2023

Gov't lost up to £58 billion to fraud in one year, as auditors warn over data silos

Gov't lost up to £58 billion to fraud in one year, as auditors warn over data silos

HMG under-performing on data matching, intelligence and analytics

Azania Imtiaz Patel April 13, 2023

JPMorgan CEO: 300 AI use cases in production, 550PB needs replatforming for cloud

JPMorgan CEO: 300 AI use cases in production, 550PB needs replatforming for cloud

$14 billion in annual technology spend...

The Stack April 12, 2023

GCHQ has its first female director: From hostile states to HR, she has a busy in-tray

GCHQ has its first female director: From hostile states to HR, she has a busy in-tray

HR and politicians as well as nation states and criminals need attention...

Edward Targett April 11, 2023