360 Score: 4.11
(2 Reviews)
For Vendors
GOOGLE Cloud Platform
  • California, USA
  • 1998
  • More than $100 BN

GOOGLE Cloud Platform in AI in Fintech Solutions

GOOGLE Cloud Platform Overview

Google Cloud Platform recognizes trends in large datasets from diverse sources and effective and secure consumption models, and helps archive large amounts of sensitive data. Additionally, Google offers machine learning with the Financial Time Series Data solution, which helps acquire data for a range of financial industries, to manage acquired data into a usable format and carry out data analysis.

GOOGLE Cloud Platform USP

Google Cloud Platform is able to recognize the trends in large datasets from diverse sources and archive large amounts of sensitive data. 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, offering the client the scale needed to run training algorithms, portfolio analysis, and risk modeling at the speed of their business.

GOOGLE Cloud Platform Popular Comparisons

Evaluated against 194 key buying criteria

GOOGLE Cloud Platform strengths and weaknesses

Strengths
  • Product Maturity / Business Analytics and Reporting / Busine...
    Good Reporting Functionality
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  • Product Maturity
    Better Services
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  • Customer Support
  • Sales Support
  • Technical Support
  • Dedicated Account Manager (DAM)
  • Product Demos
  • Proof of Concept
  • Software Requirement Specification (SRS)
  • Business Finance & Expense Reporting
  • Data gathering
  • Debt Collection
  • Deployment
  • Product Quality and Reliability
  • Cross-platform functionality
  • Services
  • Chatbot / Personal Finance
  • Credit Lending / Scoring
  • Asset and Portfolio Management
  • Fraud Detection
Weaknesses
  • Limited Access
    User needs to close and re-open the instance to see a new file appear or something similar. Communication between GCP and the information available from a course connected to the platform could be more accurate. Show More
  • Not user friendly
    When opening the dashboard for the first time, you can click on the menu to access an impressive long list of available products. Since there are so many aspects to learn, it is very useful to have a shortcut next to each item that goes directly to the most relevant documentation page on the subject. Show More
  • New Product Launches
  • R&D Spend
  • Cloud
  • Automated Customer Support
  • Billing
  • Market Research / Sentiment Analysis
  • No. of Innovations
  • On-Premises
  • Product Upgradation
  • Regulatory compliance
  • Accessible analytics
  • Consulting & Training
  • Support & Maintenance
  • On-Site Support
  • Remote Support
  • Product Features and Functionality
  • Insurance Management
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GOOGLE Cloud Platform Reviews

External,
External,
(*)(*)(*)(*)( )4

“Virtual Assistant in Fintech"

Google offers a chatbot service via its Google cloud platform. Developers can use Google chatbot APIs to integrate chatbot functionality into financial solutions. Google offers machine learning with its Financial Time Series Data solution, which helps obtain data for a range of financial industries to munge acquired data into a usable format and carry out data analysis.
Other,Company Name Classified
Other, Company Name Classified
(*)(*)(*)(*)( )4

“Overall a complicated solution"

We used the Google cloud for our SaaS offering for the fintech market. Implementation was relatively quick, however migration from AWS was a very complex affair, which we completed in stages. After deployment on the GCP, our data scientists tried the Google Cloud AI solutions. The primary challenges are in importing data and in collaboration between various user groups. We currently have an in-house stack for testing AI that can consume data from the Google Cloud Platform, and the team continues to use that.

GOOGLE Cloud Platform Questions And Answers

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GOOGLE Cloud Platform Presence in AI in Fintech Solutions
Google is one of the important players in the AI in Fintech market. To grow its presence in the market, the company is majorly focusing on acquiring AI-based startups, namely, DNNresarch, DeepMindTechnologies, Moodstcok, HalliLabs, and Api.ai. Additionally, the company has increased its R&D expenditure toward the deep learning technology development. Apart from the acquisitions, the company is continuously working on new product launches and product enhancements. For instance, the company, in April 2016, launched Goals in the Google calendar, which applies machine learning to help users with managing the time. Additionally, the company announced its offering, Google Cloud Video Intelligence API as well as cloud machine learning updates. Along with that, the company disclosed its second-generation Tensor Processor Unit (TPU). Furthermore, it is also focusing on the transformation of the mobile-first world to the AI-first world. In the transformation process, the company is adding deep learning, machine learning, and computer visions to all its products. Moreover, the company has a range offerings, such as the Financial Time Series using BigQuery, to cater to the BFSI services and help with analyzing large amounts of data. Additionally, its Cloud Bigtable Schema Design for Time Series Data helps analyze trends in data to make predictions. Apart from this, the company has created a new venture fund that is focused on investing in machine learning and AI companies. Additionally, the company formed a partnership with major tech giants, such Facebook, Amazon, IBM, and Microsoft, to carry out research and promote the best practices.

Top GOOGLE Cloud Platform Features

#1 Product Features and Functionality / Business Analytics and Reporting
#2 Product Features and Functionality / Customer Behavioral Analytics
#3 Product Features and Functionality / Core Features
#4 Customer Behavioral Analytics / Debt Collection
#5 Business Analytics and Reporting / Business Finance & Expense Reporting

GOOGLE Cloud Platform QUADRANTS

GOOGLE Cloud Platform has chosen it’s strengths in these 3 territories
  • Niche Quadrant

    All-Europe

  • Niche Quadrant

    All-Middle East and Africa

  • Niche Quadrant

    All-Asia-Pacific