Citi has teamed with Google to use artificial intelligence and cloud technology to bolster its digital strategy.
The mentioned collaboration was announced last Monday, October 28th. In this case, the experience of Google Cloud will be used to modernize the infrastructure of a financial institution.
Tim Ryan, head of technology and business enablement for Citi, stated that the bank is on a mission to upgrade infrastructure and enhance safety so that its businesses can continue to serve customers with speed and agility. Also, in the relevant context, it was noted separately that the use of Google Cloud opens up completely new opportunities for a financial institution in how it can run apps with faster and more comprehensive outputs, and provide its colleagues with the tools necessary to interact with clients.
As part of its partnership with the technology giant, Citi will migrate multiple workloads and apps to the secure and scalable Google Cloud infrastructure. In this case, the financial institution will be able to offer improved digital products, streamline employee workflows, and use high-performance computing and analytics platforms.
It is worth noting that the mentioned cooperation between the bank and the technology giant is another example of the integration of artificial intelligence into various areas of activity. Against the background of the active spread of AI, the issue of cybersecurity has become more relevant. In this context, it is worth mentioning that scammers also have access to artificial intelligence technologies, which is why their activities have become more sophisticated. Personal awareness of users is important to counteract the corresponding threat. For example, a query in an Internet search engine, such as how to know if my camera is hacked, will allow anyone to get information about signs of unauthorized access to the device.
