Wealthtech platform Allfunds has announced a partnership with Google Cloud to enhance its capatbilities around data, analytics and artificial intelligence (AI).
Through the partnership, Allfunds said it will be able to deliver solutions to its networks of distributors and fund house, supporting them with tools to address areas of fund distribution and decision making.
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The solutions will involve creating new financial information through AI innovation and outlining where to foster new growth opportunities, and also develop scalable technology architecture using the cloud services.
Fund houses will benefit from deeper insights to investor behaviour and market trends enabling more informed decision making and portfolio optimisation, said Allfunds, while distributors will be able to access critical data faster, and streamline and scale their operation.
Juan Alcaraz, CEO and founder of Allfunds, commented on the partnership: “With the integration of AI becoming an increasingly important part of the investment process for the financial industry, our partnership with Google Cloud demonstrates the continued investment by Allfunds in best-in-class initiatives and services. Allfunds will continue to build on its strong value proposition as the one stop-shop for wealth professionals as clients continue to operate in an increasingly complex market landscape.”
Tara Brady, president for Google Cloud for Europe, Middle East and Africa, added: “There is a significant opportunity to transform the financial services industry with cloud and AI technologies. Our partnership with Allfunds will help power its innovation journey with Google Cloud’s AI technologies and our secure and scalable infrastructure. Our collaborative efforts will empower Allfunds’ clients with the tools and insights they need to make better-informed decisions and drive growth.”
