Google Cloud Pursues Financial Markets in FactSet Alliance

The agents are one of three areas of focus the companies will pursue in a new partnership that will bring new AI-powered solutions to the financial industry, FactSet said in a Tuesday (June 30) press release. The partnership brings together FactSet’s data, analytics and workflows with Google Cloud’s agentic AI capabilities and infrastructure, according to the release. The new jointly designed agents will be built using Google Cloud’s Gemini Enterprise Agent Platform. Another area of focus will be FactSet AI enhanced with Gemini models. FactSet is embedding Google’s enterprise Search and Gemini model capabilities in the FactSet Workstation to launch the new agents for finance; leveraging Google Cloud’s AI capabilities to accelerate the development of new Workstation products with deep research functionality and multi-modal experiences; and directly integrating with Google grounding to improve FactSet’s AI-enhanced insights. The partnership’s third area of focus is deeper financial intelligence in Gemini Enterprise, which is Google Cloud’s AI platform for building, governing and deploying agents. FactSet’s MCP and agent sharing functionality will deepen the platform’s financial intelligence and provide financial professionals with seamless interoperability between the FactSet Workstation and Gemini Enterprise, per the release. FactSet CEO Sanoke Viswanathan said in the release: “AI is fundamentally shifting how financial professionals access data, derive insights and make decisions. Together with Google Cloud, we are putting trusted financial data and advanced AI capabilities to work, empowering our clients with more intuitive, connected and intelligent agents.” Google Cloud Chief Product and Business Officer Karthik Narain said in the release: “By combining Google Cloud’s agentic AI capabilities with FactSet’s deep financial expertise, we are enabling investment professionals to surface insights faster, automate complex workflows, and realize commercial value from AI.” The PYMNTS Intelligence report “Financial Services Pulls Ahead in the Enterprise AI Race” found that 85% of financial services and insurance firms are increasing their AI budgets over the next 12 months. The top justifications for these investments are productivity and efficiency gains, cited by 65% of the firms, and strategic or competitive positioning, also cited by 65%, according to the report. For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.