FintechOS Strengthens its Collaboration With Google Cloud
FintechOS, a prominent AI platform for financial product operations, has taken a significant step forward in its collaboration with Google Cloud. By integrating data and artificial intelligence (AI) in financial services, FintechOS aims to transform the industry.
Under this new arrangement, FintechOS 8 can now be deployed on Google Cloud, and Data Core is being listed on Google Cloud Marketplace.
Benefits of the Collaboration
This partnership provides financial institutions using Google Cloud a route to a governed product and data layer that can support agentic AI across the financial product lifecycle.
Data Core, one of the three pillars of FintechOS 8, is specially designed to handle fragmented data without the need for physical consolidation, according to FintechOS. It acquires information from both internal systems like core banking, core insurance, wealth platforms, CRM tools, and other business systems, and external services including third-party risk engines, underwriting providers, KYC, fraud, and other ecosystem data sources.
By providing access through a single semantic layer, Data Core allows workflow engines, AI agents, and the FintechOS Dex copilot to function more efficiently.
Alignment with BIAN and ACORD Standards
Among the many features now available to Google Cloud customers, FintechOS has highlighted the alignment with BIAN and ACORD standards, which are widely used in banking and insurance. This implies that Data Core’s semantic layer and Data Products are mapped to service domain definitions and data standards already in use by banks and insurers.
Availability Through Google Cloud Marketplace
FintechOS’s availability through Google Cloud Marketplace offers banks, insurers, and wealth managers a more familiar way to purchase and deploy Data Core. Customers can use their existing Google Cloud relationship, consolidate billing on one Google Cloud invoice, and count the spending towards their current committed use agreements. For larger roll-outs, transactions can be handled through Google Cloud Marketplace Private Offers, with pricing and contract terms agreed for enterprise commitments.
Insights from FintechOS and Google Cloud Executives
FintechOS CEO and Co-Founder Teo Blidarus expressed his excitement about the expansion. “Making Data Core available on Google Cloud Marketplace, as the first step of an expanded collaboration with Google Cloud, gives banks, insurers, and wealth managers a faster, governed path to put AI to work on real product operations, without waiting on multi-year data consolidation programmes,” Blidarus said.
Dai Vu, managing director of Google Cloud Marketplace & ISV GTM Programs, also commented on the collaboration. “Bringing FintechOS Data Core to Google Cloud Marketplace will help financial services customers quickly deploy, manage and grow a governed data foundation for AI on Google Cloud’s trusted, global infrastructure. FintechOS can now help banks, insurers, and wealth managers securely scale AI across the product lifecycle with the governance their industry requires,” Vu stated.
In conclusion, this collaboration between FintechOS and Google Cloud is set to revolutionize the way financial institutions operate by providing a streamlined, efficient, and secure platform for their data and AI needs.
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