Finnomena, a digital wealth management platform in Thailand, has teamed up with Google Cloud to deploy an AI-powered capital markets information management solution to expand the range of its investment offerings and better serve its fast-growing user base.

The fintech firm provides investors with access to a vast selection of mutual funds from partner asset management firms. As such, it must communicate any material information from partners that can impact investment decisions and outcomes – traditionally a labour-intensive and time-consuming process.

To increase the scale and speed at which it can deliver these financial market updates – especially as it onboards more mutual funds and asset classes from new and existing partners – Finnomena deployed its custom-built AI solution using Google Cloud’s Vertex AI, BigQuery, and Cloud Run platforms.

Seamlessly integrated with Google Workspace, the solution incorporates an AI-powered workflow that reviews emails from partners and identifies those with crucial information in real-time. It then sends summarized details and recommended actions to internal teams via Gmail and Google Chat.

After validating the AI-generated outputs, in-house financial experts ensure urgent updates – such as changes to fee structures, fund classes, or fund prospectuses –  are promptly communicated to investors across relevant channels.

“In collaboration with Google Cloud, we’re transforming the way we deliver financial market updates and insights to stay ahead of the rapid growth in investors on our platform and their growing demand for diversified investment options,” says Kasin Suthammanas, Finnomena’s co-founder and chief strategy officer.

“With Google Cloud AI immensely boosting our capacity to synthesize and communicate high volumes of time-sensitive information, we’re well-positioned to expand beyond the 1,800 mutual funds we already offer, significantly increase our assets under management, and serve at least double our existing investor base in the near future – providing even greater choice without compromising on service quality.”