- Google Cloud’s Expansion in Financial Institutions:
- Google Cloud has extended its technology to three new financial institutions, showcasing a boost for the industry’s digital capabilities.
- Announcements at Google Cloud Next Event:
- The vendor announced these developments at its Google Cloud Next event held in Las Vegas.
- Deal with Citadel Securities:
- Citadel Securities, a US-based capital markets firm, has expanded its seven-year relationship with Google Cloud. They aim to build a quantitative research platform to enhance performance profiling, efficiency monitoring, and research productivity.
- Scotiabank Partnership:
- Scotiabank in Canada, which began working with Google Cloud in 2021, will use Google Cloud’s Vertex AI solution to power its exploration of large language models (LLMs) and generative AI. This will improve security and client experience through chatbots and search tools.
- Discover Financial Services Integration:
- Discover Financial Services in the US is leveraging Google Cloud’s Vertex AI solution to introduce generative AI capabilities to its contact centers. This integration aims to enhance agent support with real-time search assistants, self-service options, and intelligent document summarization.
- Industry’s Appetite for Cloud Capabilities:
- These deals reflect the increasing demand for cloud capabilities within the financial industry, demonstrating a trend toward digital transformation.
- Recent Deals by Google Cloud:
- Google Cloud has recently announced several deals in the financial sector, including agreements with Malaysia’s Bank Muamalat and TD Bank in Canada, highlighting its continued expansion and partnerships in the industry.
Google Cloud to develop quantitative research and genAI capabilities for three new industry takers
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