Banking giant HSBC has entered into a multi-year partnership with Google Cloud to integrate artificial intelligence into its global operations. The focus will be on utilizing Google DeepMind’s Gemini models.
As part of the collaboration, the bank plans to launch over 200 AI use cases within two years. HSBC estimates this will generate more than $100 million through increased revenue and process optimization.
The project will cover three key areas:
- Wealth management. Personalized advice for clients based on AI analytics.
- Combating financial crime. Implementing generative AI to quickly identify suspicious transactions. The bank aims to respond to threats twice as fast.
- Employee assistance. Expanding AI assistant functions to reduce meeting preparation time from hours to minutes.
HSBC CEO Georges Elhedery noted that the technology will allow for scaling a personalized approach to clients while maintaining human oversight.
Currently, more than 600 of the bank’s applications run on Google Cloud’s infrastructure. The new agreement will expand this stack with the Gemini Enterprise agent platform.
In May, Google introduced Gemini 3.5 Flash, described as “the most powerful AI model for programming and agent creation.”
