Banking on IT

A top CitiGroup executive said adapting to and leveraging technology is the biggest challenge facing banks around the world. A top CitiGroup executive said adapting to and leveraging technology is the biggest challenge facing banks around the world.

Victor
Menezes a Senior Vice Chairman of Citi Group told LBR that banks in the sub
continent are also facing the challenge of technology. Mr. Menezes also set up
Citibank’s operations in Colombo.

Excerpts from
the interview:

LBR: How do you
assess Citibank’s operations here?

Victor
Menezes:
Citibank operations is Colombo is entirely run by Sri Lankans and
it has a AAA local rating. It has a good momentum in revenue and customer
growth. I feel proud of being associated with Citibank operations is Colombo.