A $1bn fat finger helps drive Citi's $13.6bn IT spending plans
https://www.thestack.technology/citigroup-transformation-citigroup-technology-spend-2023/
Citigroup Technology Spend in 2023 Follows Fines, Howling ErrorCiti's $900 Million Error: FLEXCUBE Boxes Not checked...Citigroup Controls: Six-Eyes, None of Them Reading The Manual....Citigroup Transformation: What's The Priority For Cao Karen Peetz?In October 2020, regulators hit Citigroup with multiple consent orders, including a $400 million fine for a “long-standing” issue of inadequate internal controls related to compliance, data, and risk management. Some of those deficiencies dated back to 2013 and 2015, but Citigroup’s error in August 2020 cannot have helped. That …See more on thestack.technologyAuthor: Ed TargettPublished: Jan 17, 2023Explore further Published: Jan 17, 2023
Published: Jan 17, 2023
DA: 33 PA: 39 MOZ Rank: 2