Thus, the transformation is not focused solely on technology. Scrum teams and agile development are replacing a former waterfall process that limited software releases to four times per year. What are described as “three thick layers” of proprietary, monolithic IT infrastructure are in the process of being migrated to a microservices-driven architecture based on Cloud Foundry.

Its initial, ongoing transformation can be found within its Treasury and Trades Solutions (TTS) division, which handles $4 trillion in client payments daily, in 140 currencies. It embarked on a long-term Digital Transformation initiative a few years ago, to get products and services to market more quickly, in the face of a Fintech revolution by startups around the world that increasingly challenge the long-established big banks. Citigroup Inc., also known as Citi, is a multinational investment bank and financial services corporation with roots extending back 200 years, and more than $70 billion in current annual revenue.

Citi global consumer technology