Financial Services/Insurance

Financial Services/Insurance2019-02-07T18:36:29+00:00

“We’ve been working with Google on some of the most critical and difficult problems that we have to solve for our business, including anti-money-laundering and risk analytics and reporting.”

Darryl West, Group CIO, HSBC

“We’re providing faster service and making smarter lending decisions.”

Michael Wang, Vice president of IT, Westlake Financial Services

Stay Competitive in the Face of Rapid Change.

To keep up with massive computing demands, financial institutions like HSBC are moving their data to Google Cloud Platform (GCP).

GCP runs on the same infrastructure and private fiber network that power Google, giving you the scale you need to run training algorithms, portfolio analysis, and risk modeling at the speed of your business. Spin up workloads faster than you can on other clouds, including clusters with a few hundred (or thousand) cores in minutes. Scale up when you need, and then only pay for the compute seconds you use.

 Cut across legacy silos and turn decades of public and private data into market and consumer insights with our proven, integrated big data solutions. BigQuery, our fully managed serverless data warehouse, auto scales for performance and runs blazing-fast queries on petabytes of data, getting you insights faster. And because it doesn’t run on VMs and you don’t need clusters to scale, your data stays out of additional silos.

Once your data is analyzed, create custom user-friendly reports with Google Data Studio. GCP also seamlessly integrates with third-party visualization tools for real-time exploration of your most complicated data problems. Drive more holistic financial, regulatory, and customer service reporting with our big data tools.

Stay Competitive and Compliant in Rapidly Changing Global Markets with Google Cloud’s Powerful, Scalable Technology.

Launch will provide a roadmap for operational
and technology readiness for success utilizing Google Cloud.

Grow Revenue, Reduce Costs & Increase Customer Satisfaction.

Growing consumer caution, tightening regulations, emerging consumer segments, and competitive forces have made traditional ways of growing revenue more difficult for the financial services industry.

Google Cloud can help your institution discover new revenue streams by helping to turn your data into insights that can lead to new product and service offerings that can wow your customers and identify other ways to increase customer satisfaction. Google Cloud also has solutions for better collaboration and training about new products and services so your employees can better assist in growing revenue for your institution.

Moving to Google Cloud can reduce costs in terms of maintaining and managing your IT systems since your company does not need to purchase and upkeep expensive on-site systems and equipment. Cost reductions will also be realized in less energy consumption and fewer time delays.

Companies that utilize Google Cloud Platform typically realize at least 60% in cost savings compared to companies that use other cloud services in the form of sustained use discounts, rightsizing recommendations, list price discounts, and more. As a Google Premier Partner, Launch will also assist your company in receiving a free trial with a $300 credit to get your projects up and running smoothly.

Improve Security & Compliance.

We do our part to help you protect your most sensitive data, including customer PII, records, transaction data, and payment card information by offering identity management, network security, and threat detection and response capabilities.

To earn your trust, we certify our products against the most rigorous global security and privacy standards, such as ISO 27001, ISO 27017, and ISO 27018; financial control standards, including AICPA SOC and Japan FISC, among others; and industry-specific standards like PCI DSS.

The availability, performance, and security of your storage infrastructure are keys to building reliable applications that help keep your users happy, your data safe, and your organization compliant. Financial institutions face many compliance, legal, and regulatory requirements for retaining data for specific lengths of time, including SEC Rule 17a-4 (f), CFTC Rule 1.31 (b)–(c), FINRA Rule 4511(c), and CFR 1.31 section 3. Google Cloud can help you with these requirements.

Machine Learning for Streamlined Operations & Enhanced Financial Modeling.

Investing in a solid AI strategy now can have a significant impact on your business’s future. With Google Cloud’s machine learning services, you can more effectively manage risk, streamline operations, create more personalized customer experiences, improve transaction monitoring, develop better quant models, generate alpha, and more.

Machine learning isn’t as simple as flipping a switch, but with Google Cloud, you don’t need a huge team to get the most out of your data. You can start by taking advantage of proven, pre-trained models like Cloud Vision API, Cloud Natural Language API, and Cloud Translation API. Or quickly create your own models with Cloud Machine Learning Engine and TensorFlow, one of the most popular machine learning libraries among researchers across the globe. With TensorFlow, you can use our proprietary customer ML accelerator, Cloud TPU, to run and scale your models. On our production, AI workloads that utilize neural network inference, the TPU is 15–30X faster than contemporary GPUs or CPUs.

Ready to Modernize?

Modernize your computing environment for today’s digital world. Contact one of our experts today to learn about the best cloud migration strategy for your company.

Contact us to get the ball rolling!