HSBC and Google Cloud Announce AI Partnership Targeting 200 New Use Cases

HSBC and Google Cloud announced a multi-year strategic partnership on June 17, 2026 to build and deploy AI capabilities across HSBC's global operations with HSBC estimating that each prioritized use case under the program could deliver more than $100 million in revenue gains or efficiency improvements.

The partnership gives HSBC access to Google's latest agentic AI capabilities, including Gemini models and the Gemini Enterprise Agent Platform, with Google Cloud and Google DeepMind engineering teams working directly with HSBC to identify and prioritize the highest-value initiatives, according to the press release.

The program builds on an existing footprint of more than 600 HSBC applications already running on Google Cloud and is expected to enable more than 200 new AI use cases over the next two years.

"AI is becoming one of the defining technologies of our time, allowing us to create a personalised experience for each customer, delivered in real time and at scale, while keeping human judgement, decision-making, and accountability at the core," said Georges Elhedery, Group CEO of HSBC.