HSBC expands AI push with Google Cloud deal
18 Jun 2026, 01:25 PMAs part of the collaboration, HSBC plans to develop more than 200 AI use cases over the next two years.
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HSBC has entered into a long-term partnership with Google Cloud to expand the use of artificial intelligence across its banking operations.
As part of the collaboration, HSBC plans to develop more than 200 AI use cases over the next two years across areas such as wealth management, financial crime detection and employee productivity.
The bank will gain access to Google's Gemini AI models, while teams from Google Cloud and Google DeepMind will work with HSBC to identify and build projects with significant business impact. According to HSBC, individual initiatives could generate more than $100 million in additional revenue or cost savings.
HSBC said it plans to use AI to offer more personalised services to wealth management clients, strengthen anti-financial crime controls and reduce administrative work for frontline employees through tools that assist with tasks such as meeting preparation and research.
The bank currently runs around 600 applications on Google Cloud. The partnership builds on HSBC's broader efforts to integrate AI into its operations as banks increasingly adopt the technology to improve efficiency and customer service.
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