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SEB to speed up digitisation journey with Google Cloud collaboration

Thomas Kurian Google.jpg

SEB and Google Cloud have entered into a long-term partnership to fast track the bank’s digitisation journey.

The pair revealed that SEB will use Google’s cloud technologies, and collaborate to create pioneering new banking services for its customers.

SEB’s innovation studio and banking platform, SEBx, already benefits from Google’s Infrastructure and Data Cloud technologies, such as Kubernetes Engine and Cloud SQL.

The Nordic financial services will use Google Cloud more broadly throughout the banking group to speed up its digitisation efforts and provide new solutions to its customers.

“This is an important step in SEB’s technological transformation,” said Johan Torgeby, President and CEO of SEB.

“Together with Google Cloud, we will start the journey to the cloud and accelerate our digitisation plan. The partnership will enable us to use data in a more intelligent way and speed up the creation of new innovative solutions for our customers.

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“Google Cloud will be a key partner in our data journey, both on the infrastructure side and also as world-leading artificial intelligence experts.”

SEB will use Google Cloud across the company to create innovative services in retail and corporate banking for customers based on data, analytics, and processing technologies.

The pair also plan to refine risk analysis through Google Cloud’s computational scalability, augment financial reporting capabilities by using Google Cloud’s data management tools, and explore digital assistants to increase customer service levels and allow SEB employees to provide personal service to customers.

Both companies are set to collaborate on new products and services to provide a better user experience for their customers.

“The financial services industry is rapidly changing to meet rising customer expectations,” says Thomas Kurian (pictured), CEO at Google Cloud.

“Together with SEB, we’ll collaborate on new products based on data, analytics, and AI that will create even better user experiences and will transform the industry as a whole. We are pleased to work with a market leader like SEB.”

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