Citigroup – Enterprise Tech Ecosystem Series
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Citigroup Enterprise Tech Ecosystem Report Overview
Citigroup has been focusing on using artificial intelligence, open banking, cloud, and big data technologies to digitally transform its operations. The annual ICT spending of Citigroup was estimated at $9.7 billion for 2022. A major share of this spending is earmarked for acquiring software, ICT services and hardware from vendors. Citigroup is a provider of diversified financial services. Its portfolio of offerings comprises of retail, commercial, and investment banking securities brokerage trade and securities services and wealth management solutions. The group provides a range of accounts and deposit services, debit and credit cards, loans and mortgages, small business banking solutions, treasury and trade services, and corporate and institutional lending.
The Citigroup digital transformation strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, accelerators, incubators, & other innovation programs, technology partnerships, technology introductions, venture arm, investments, acquisitions, and ICT spending among others.
Digital Transformation Strategies
Citigroup has collaborated with AI based technology startups including Yewno, Truvalue Labs, Jemstep, Interactions, SAS, and HighRadius to gain insights on critical business decisions, better manage internal risks, and enhance customer service and operational efficiencies. It also partnered with Snowflake, Volante Technologies, Cachematrix, Cloud Foundry, Oracle, Mastercard, IBM Cloud, and Feedzai, to leverage cloud computing technology for payment initiation, streamline post trade processes, accelerate application development process and enhance its infrastructure capabilities.
To gain more insights on digital transformation strategies and initiatives of Citigroup, download a free report sample.
Citigroup Technology Theme Focus
Citigroup is utilizing several emerging technologies including artificial intelligence, cloud, big data, open banking, and blockchain among others to enhance its operational and service capabilities.
Citigroup Technology Focus
To know about other technology themes under focus for the company, download a free report sample
Citigroup Technology Initiatives
Citigroup has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology investments and acquisitions over the last few years. For instance, in 2021, Citi collaborated with Snowflake to provide frictionless solution for post trade processes, and drive innovation while mitigating risk This partnership combines Snowflake’s secure data sharing and multi-party permission capabilities with Citi’s market expertise in proprietary custodian network onto Snowflake’s Data Cloud environment.
For more insights on other technology initiatives of Citigroup, download a free report sample
Citigroup ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
Citigroup ICT Spend by Function
For more insights on ICT spending by function, download a free report sample
Citigroup ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Citigroup ICT Spend by Channel
For more insights on ICT spending by channel, download a free report sample
Citigroup External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
Citigroup External ICT Spend by Segment
For more insights on external ICT spending by segment, download a free report sample
Citigroup Digital Transformation Strategies Overview
Total ICT Spending 2022 | $9.7 billion |
ICT Spend by Function | Data center, Communications, Network, Application, End-User computing, Management, and Service desk |
ICT Spend by Channel | Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators |
External ICT Spend by Segment | Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others |
Technology Theme Focus | Artificial intelligence, cloud, big data, PSD2 & open banking, and blockchain. |
Scope
This report provides:
- Insight into Citigroup’s technology activities.
- Insights of its accelerators, incubators & other innovation programs, and venture arm.
- Overview of technology initiatives covering partnerships, technology introductions, acquisitions, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Citigroup’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Citigroup in 2022?
The annual ICT spending of Citigroup was estimated at $9.7 billion in 2022.
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What are the key ICT spending categories by function for Citigroup?
The key ICT spending categories by function for Citigroup are communications, data center, network, applications, end-user computing, ICT service desk, and management.
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What are the key ICT spending categories by channel for Citigroup?
The key ICT spending categories by channel for Citigroup are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
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What are the key external ICT spending categories by segment for Citigroup?
The key external ICT spending categories by segment for Citigroup are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.
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What are the key technology themes in focus for Citigroup?
The key technological theme in focus for Citigroup are artificial intelligence, cloud, big data, open banking, and blockchain.
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