7445_04-17_NEWS&ANALYSIS 15/9/08 19:28 Page 12
■ NEWS & ANALYSIS
Dublin Citi branch lands e-banking investment
Ireland, will establish a centre of tech- increasing demands from customers
nology excellence and lead to the for services supported by new tech-
creation of 30 high-calibre positions, nologies and access channels,” said
such as project managers, technology Franceso Vanni d’Archirafi, global
architects, business analysts and soft- head of treasury trade solutions and
ware/hardware engineers. chairman, Citibank Europe. Citi
Based at its Dublin operation for currently employs some 2,200 people
research, development and innovation across its Irish operations.
(RD&I), set up in 2005, the project is Speaking from the company’s head-
part of a wider corporate investment quarters in New York, An Taoiseach
by the company of more than ¤100m. Brian Cowen TD said: “Citi has been a
Citi is in discussion with hardware pioneer of our financial services indus-
and software providers to achieve its try and has made an outstanding
By Sorcha Corcoran
ambitious goal of transforming the contribution to the economy over the
existing e-banking model into one with years. It is all the more pleasing that
market-leading features and function- Ireland today can provide a platform
FINANCIAL services giant Citi is ality, emphasising security, intelligence, for its most sophisticated and high-
investing ¤35m in a next-generation knowledge and collaboration. For level activities such as RD&I in
e-banking platform, which it expects example, it will explore a new form of e-banking, which will not just further
will be shared by other banks world- digital identity with the potential to embed the company in Ireland but
wide when it comes to market in four eliminate paper-based signatures. could, in due course, result in a highly
years’ time. “At the heart of this latest invest- innovative operating model for the
The investment, supported by IDA ment is our commitment to meet the banking industry globally.”
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