Google: Citigroup signs multi-year contract with Google Cloud

American investment banking and financial services firm Citi has signed a multi-year contract with Google Cloud to use its cloud computing and artificial intelligence (AI) offerings. The agreement will see Citi migrate several workloads and applications to Google Cloud, and use Google Cloud's Vertex AI platform.

"Citi is on a mission to modernize our infrastructure and increase our safety and soundness so that our businesses can continue to serve our clients with speed and agility," said Tim Ryan, head of technology and business enablement for Citi. "Leveraging Google Cloud opens up a whole new frontier for us in how we can run applications with faster and more comprehensive outputs, and provide our colleagues with the tools they need to deliver for our clients."

"Our strategic partnership with Citi to continue to modernize its technology infrastructure and drive enterprise-wide innovation underscores Google Cloud's commitment to helping the financial services industry transform with cloud and AI technology," said Thomas Kurian, Google Cloud CEO. "By combining Citi's deep banking and customer experience expertise with Google Cloud's leading cloud and AI capabilities, we can deliver significant benefits to Citi's clients and employees."