The banking giant HSBC has entered into a multi-year partnership with Google Cloud to integrate artificial intelligence into its global operations. The parties will focus on using Gemini models from Google DeepMind.
As part of the cooperation, the bank plans to launch more than 200 AI use cases over two years. According to HSBC's estimates, this will bring more than $100 million through revenue growth and process optimization.
The project will cover three key areas:
- Wealth management. Personalized advice for clients based on AI analytics.
- Fighting financial crime. The introduction of generative artificial intelligence for the rapid detection of suspicious transactions. The bank expects to respond to threats twice as fast.
- Help for employees. Expanding the functions of an AI assistant that reduces meeting preparation time from hours to minutes.
HSBC head Georges Elhedery noted that the technologies will make it possible to scale a personal approach to clients while maintaining human oversight.
At the moment, more than 600 of the bank's applications already run on the Google Cloud infrastructure. The new agreement will expand this stack with the Gemini Enterprise agent platform.
Recall that in May Google introduced Gemini 3.5 Flash — "the most powerful AI model in the field of programming and agent creation."
Source: ForkLog
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