HSBC and Google Cloud have signed a multi-year partnership to jointly build and deploy AI capabilities across HSBC’s global operations, targeting more than 200 new AI use cases over the next two years, each of which HSBC estimates could return more than $100 million in direct revenue gains or efficiency improvements. Under the agreement, HSBC will work with Google Cloud and Google DeepMind engineering teams, gaining access to Google’s agentic AI capabilities including Gemini models and the Gemini Enterprise Agent Platform. This builds on an existing footprint of more than 600 HSBC applications already running on Google Cloud. The program will begin with three focus areas: wealth management, where HSBC will combine AI-driven insights with relationship manager expertise; financial crime, where HSBC will deploy generative and agentic AI to detect risk earlier, expecting to intervene twice as fast across the nearly one billion transactions the bank monitors each month; and internal operations, where HSBC will expand an AI-powered decision assistant that has already reduced administrative and client meeting preparation time from hours to minutes for thousands of users.