Citibank has announced a strategic multi-year partnership with Google Cloud to foster Citi’s digital strategy through cloud technology and AI. The collaboration aims to modernize Citi’s tech infrastructure while accelerating employee and client experiences on cloud applications.

As announced, the bank will migrate multiple workloads and applications to the hyperscaler’s public cloud infrastructure. Through this modernization, Citi will be able to unleash improved digital product offerings, streamline employee workflows, and run high-performance computing (HPC) and analytics platforms.

In addition, using advanced HPC capabilities will facilitate the execution of millions of computations daily in Citi’s Markets business.

As part of the agreement, Citi will also use Google Cloud’s Vertex AI platform to deliver generative AI (GenAI) capabilities across the company. Citi will be able to boost its GenAI initiatives related to developer toolkits, document processing, and digitization capabilities to empower customer servicing teams.