Citigroup to create London innovation hub

Citigroup is to set up an innovation centre in London, the FT has reported.

One of the first major investments by the US bank following the Brexit vote, it will have 60 technologists initially. Although some US banks have made noises about moving personnel out of London, investment in the technology side of finance has been undented by the move away from the EU.

Whether this is because of confidence in a deal being done, or the potential, but by no means assured, opportunity to trade with Asia post-Brexit is still unclear. However, Citigroups’s move will be seen as a vote of confidence, and other US companies are likely to follow.

    Share Story:

Recent Stories


Bringing Teams to the table – Adding value by integrating Microsoft Teams with business applications
A decade ago, the idea of digital collaboration started and ended with sending documents over email. Some organisations would have portals for sharing content or simplistic IM apps, but the ways that we communicated online were still largely primitive.

Automating CX: How are businesses using AI to meet customer expectations?
Virtual agents are set to supplant the traditional chatbot and their use cases are evolving at pace, with many organisations deploying new AI technologies to meet rising customer demand for self-service and real-time interactions.