Steve Randich

摘要

Analysts believe that Citi will, ultimately, be able to save close to $110m annually through reduced maintenance costs as well as more rapid development times. Steve Randich talks about the ambitious overhaul of Citi's banking IT systems, across 67 countries, which took seven years. When Citi set out to build a global IT platform, it was always intended to be a long-term project, perhaps over five years. In fact it took seven years, but then the unique infrastructure transformation was of a scale neither attempted nor achieved before. Going back 30 years in Citi's history, each country had its own independent general ledger and accounting system, some of which were mainframe-based, while others distributed. Getting all the systems to talk and report consistently to a central general ledger was a challenge, not to mention the cost structure that all this diversity caused.