Citi’s internal cloud project gets open-sourced

Through Finos, a project that started internally to help Citi get a better handle on its cloud controls now includes the likes of Goldman Sachs, Morgan Stanley, RBC, BMO and LSEG.

In late 2019, executives at Citi took a step back to examine the bank’s cloud strategy. The aim was to make sure its concentration risk was mitigated by being able to operate on multiple cloud infrastructure platforms. Jim Adams, CTO and head of Citi technology infrastructure, tells WatersTechnology that lessons were definitely learned soon after the project started.

“In doing [this examination] and engineering those solutions, we quickly realized there was an awful lot of complexity and cost

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