Finnomena Unleashes AI-Driven Capital Markets Solutions with Google Cloud Technology
Finnomena, a leading digital wealth management platform in Thailand, has recently joined forces with Google Cloud to introduce an innovative AI-powered capital markets information management solution. This exciting partnership aims to enhance Finnomena’s investment offerings and cater to its rapidly expanding user base.
Enhancing Investment Offerings with AI Technology
By harnessing the capabilities of Google Cloud, Finnomena seeks to improve its communication of essential information that impacts investment decisions. This initiative is particularly crucial for investors who rely on timely updates regarding mutual funds and other financial products.
AI-Powered Solution Deployment
Finnomena has successfully implemented a custom-built AI solution utilizing Google Cloud’s Vertex AI, BigQuery, and Cloud Run platforms. This advanced system integrates seamlessly with Google Workspace and features an agentic AI workflow that:
- Reviews emails from partner asset management firms.
- Identifies critical information in real-time.
- Sends summarized updates and recommended actions to internal teams via Gmail and Google Chat.
After the AI processes the information, in-house financial experts validate the outputs to ensure that urgent updates—such as changes in fee structures or fund prospectuses—are effectively communicated to investors through appropriate channels.
Insights from Leadership
Kasin Suthammanas, co-founder and Chief Strategy Officer at Finnomena, emphasized the transformative potential of this collaboration. “We’re reshaping how we deliver financial market updates to meet the increasing demand from our growing investor community,” he stated. “With the enhancements provided by Google Cloud AI, we aim to expand beyond the current offering of 1,800 mutual funds and significantly increase our assets under management.”
Efficiency Gains and Future Plans
Supattra Siripongmongkol, COO at Finnomena Funds, highlighted the profound impact of the new AI solution. Previously, staff members spent up to six hours daily sifting through over 500 emails from 21 partners. Now, with the implementation of Vertex AI, the process has become:
- 75% faster in delivering accurate financial updates.
- More reliable and efficient than previous manual methods.
Furthermore, the AI solution has achieved a remarkable 90% accuracy rate in extracting and summarizing vital information from emails in both Thai and English, showcasing a significant improvement over manual processes.
Future Innovations and Industry Impact
Annop Siritikul, Country Director for Google Cloud in Thailand, noted, “Finnomena exemplifies how enterprise AI agents can drive efficiencies while acting as catalysts for growth. We are excited to support Finnomena in its mission to democratize access to financial information and investment opportunities in Thailand.”
For more information about Finnomena and their innovative solutions, visit their official website or explore related topics on Finnomena.
