Citi's Push For Efficiency: Bank Inks Strategic Data Deal With LSEG - Citigroup (NYSE:C)

Core Insights - Citigroup has entered a multi-year strategic partnership with LSEG to enhance its data capabilities across global operations [1][2] - The collaboration aims to standardize data access and governance, improving operational efficiency and data-driven decision-making [2][5] Data and Analytics Partnership - The agreement will deploy LSEG's data, analytics, and workflow tools across various functions including markets, investment banking, wealth, trading, and risk [2] - LSEG will provide curated, AI-ready datasets covering pricing, market data, benchmarks, indices, company data, deals information, and commodities [3][4] Technology Modernization - Citi is undergoing a broader modernization of its technology infrastructure, targeting stronger consistency in data-driven decisions [2] - The integration of LSEG Workspace into Citi's workflows will enhance real-time and historical data delivery [4] Compliance and Risk Management - The partnership will enhance compliance and risk management through LSEG's World-Check data, improving auditability and consistency across regions [5] - High-quality data is emphasized as crucial for delivering better client experiences and faster insights [5][6]