Finnomena, a Thai fintech company, has partnered with Google Cloud to launch an AI-powered solution for managing market information. This new system helps Finnomena expand its investment options and better serve its growing users.
The AI solution, built using Google Cloud’s Vertex AI, BigQuery, and Cloud Run platforms, allows Finnomena to quickly share financial updates. It reviews emails from partners in real-time and picks out important information, making the process faster and more efficient.
After the AI checks the information, it’s financial experts make sure important updates, like changes to fees or fund details, are quickly shared with investors through the right channels. It offers a wide range of mutual funds from partner asset management firms.
Read also – Callio Therapeutics Raises US$187 Mn Series A Funding
The company needs to share any important information from partners that could affect investment decisions, which used to be a slow and time-consuming task.
Kasin Suthammanas, Chief Strategy Officer and Co-Founder, Finnomena said, “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, At Finnomena, we pride ourselves on being a tech-driven company that empowers every individual to achieve their financial goals through access to trusted information and the best investment opportunities, 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,”.
Supattra Siripongmongkol, Chief Operating Officer, Finnomena Funds, said “that in the past, the firm’s staff had to manually sift through more than 500 daily emails from 21 partners, and each member would then spend up to six hours extracting crucial details.”
It is a digital wealth management platform that uses AI and human expertise to manage wealth, with $1 billion in assets and over 700,000 users. The company is supported by top institutions like Openspace Ventures, Krungsri Finnovate, and the Government Savings Bank.
Annop Siritikul, Country Director, Thailand, Google Cloud said, “As we’re seeing with Finnomena, enterprise AI agents are not just drivers of new efficiencies, but also they are force multipliers and growth enablers, Finnomena is serving as a prime example of how organizations in regulated industries can already take advantage of enterprise-grade data analytics and AI development platforms to build and deploy reliable real-world solutions that deliver tangible business value, We look forward to supporting Finnomena as it continues to innovate with our industry-leading capabilities and advance its goal of democratizing access to financial information and investment opportunities across Thailand,”.
About Finnomena
Finnomena is Thailand’s top digital wealth management platform for investors and financial advisors, with over 100,000 investment accounts. They use their own machine learning technology and a hybrid robo-advisor model to provide better-than-market returns and a great tech-driven user experience.
