FactSet Google Cloud partnership deploys AI agents to transform financial workflows

Google Cloud Pursues Financial Markets in FactSet Alliance | PYMNTS.com

The agents are one of three areas of focus the companies will pursue in a new partnership that will bring new AI-powered solutions to the financial industry, FactSet said in a Tuesday (June 30) press release. The partnership brings together FactSet's data, analytics and workflows with Google Cloud's agentic AI capabilities and infrastructure, according to the release. The new jointly designed agents will be built using Google Cloud's Gemini Enterprise Agent Platform. Another area of focus will be FactSet AI enhanced with Gemini models. FactSet is embedding Google's enterprise Search and Gemini model capabilities in the FactSet Workstation to launch the new agents for finance; leveraging Google Cloud's AI capabilities to accelerate the development of new Workstation products with deep research functionality and multi-modal experiences; and directly integrating with Google grounding to improve FactSet's AI-enhanced insights. The partnership's third area of focus is deeper financial intelligence in Gemini Enterprise, which is Google Cloud's AI platform for building, governing and deploying agents. FactSet's MCP and agent sharing functionality will deepen the platform's financial intelligence and provide financial professionals with seamless interoperability between the FactSet Workstation and Gemini Enterprise, per the release. FactSet CEO Sanoke Viswanathan said in the release: "AI is fundamentally shifting how financial professionals access data, derive insights and make decisions. Together with Google Cloud, we are putting trusted financial data and advanced AI capabilities to work, empowering our clients with more intuitive, connected and intelligent agents." Google Cloud Chief Product and Business Officer Karthik Narain said in the release: "By combining Google Cloud's agentic AI capabilities with FactSet's deep financial expertise, we are enabling investment professionals to surface insights faster, automate complex workflows, and realize commercial value from AI." The PYMNTS Intelligence report "Financial Services Pulls Ahead in the Enterprise AI Race" found that 85% of financial services and insurance firms are increasing their AI budgets over the next 12 months. The top justifications for these investments are productivity and efficiency gains, cited by 65% of the firms, and strategic or competitive positioning, also cited by 65%, according to the report. For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.

FactSet partners with Google Cloud on AI finance tools By Investing.com

NORWALK, Conn. - FactSet (NYSE:FDS) (NASDAQ:FDS) announced today a strategic partnership with Google Cloud to develop AI-powered solutions for the financial services industry, according to a press release statement. The $8.5 billion market cap company trades at $233.62, which InvestingPro analysis suggests is undervalued compared to its Fair Value -- placing it among opportunities on the most undervalued stocks list. The collaboration focuses on three areas. FactSet will integrate Google's Gemini model capabilities into its Workstation platform through the Gemini Enterprise Agent Platform. The integration with Google grounding will supplement FactSet's financial data. FactSet's Model Context Protocol and agent sharing functionality will be integrated into Gemini Enterprise, Google Cloud's AI platform. This integration aims to enable interoperability between the FactSet Workstation and Gemini Enterprise for financial professionals. The companies plan to develop agents using the Gemini Enterprise Agent Platform for portfolio operations, deal advisory, and corporate finance functions. FactSet will add Google Cloud to its existing cloud infrastructure providers. "AI is fundamentally shifting how financial professionals access data, derive insights, and make decisions," said Sanoke Viswanathan, chief executive officer of FactSet. "Together with Google Cloud, we are putting trusted financial data and advanced AI capabilities to work, empowering our clients with more intuitive, connected, and intelligent agents." Karthik Narain, chief product and business officer of Google Cloud, stated that financial institutions require AI tools that combine advanced technology with industry-specific intelligence. FactSet provides data and information solutions to the financial services sector. The company operates in 19 countries and serves more than 9,000 clients and over 241,000 individual users. FactSet is a member of the S&P 500. In other recent news, FactSet Research Systems has experienced several notable developments. Rothschild Redburn downgraded FactSet's stock rating to Sell from Neutral, citing risks associated with the company's terminal product, which contributes significantly to its annual subscription value. RBC Capital also revised its price target for FactSet, lowering it to $240 from $243, while maintaining a Sector Perform rating, expecting an ASV beat due to international pricing increases and robust demand. Additionally, FactSet, in collaboration with J.P. Morgan, launched a new portfolio analytics solution called Whole Portfolio Distribution, which aims to provide comprehensive analytics and reporting for institutional investors. The solution integrates data from J.P. Morgan's Fund Accounting services into FactSet's platform. In management news, Joshua B. Warren will assume the role of Chief Financial Officer on April 13, 2026, succeeding Helen Shan. Warren brings experience from his previous role as CFO of Envestnet and other positions at BlackRock and Barclays Capital. Meanwhile, FactSet shares experienced a decline after Anthropic introduced AI agents designed for financial services, which may impact the company's competitive landscape. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

FactSet Research Systems Inc. And Google Cloud Enter Strategic Partnership To Bring Advanced AI To Financial Intelligence

FactSet Research Systems Inc. announced a multi-faceted strategic partnership with Google Cloud to create a new generation of AI-powered solutions for the financial industry. The collaboration addresses a growing demand from financial firms for workflow-specific agentic solutions that are powered by trusted data and fully sourced, auditable, and defensible in regulated environments. The partnership supports FactSet Research Systems Inc.'s broader AI vision by delivering agentic experiences across the investment and deal-making lifecycles. The partnership is focused on three areas: FactSet Research Systems Inc. is embedding Google's enterprise Search and Gemini model capabilities in its Workstation via Gemini Enterprise Agent Platform to launch the next generation of agents for finance. The partnership will accelerate the development of new Workstation products with deep research functionality and multi-modal experiences, leveraging Google Cloud's broad range of AI capabilities. Direct integration with Google grounding will supplement FactSet Research Systems Inc.'s financial data and improve both the breadth and depth of FactSet Research Systems Inc.'s AI-enhanced insights. Building on the previously announced collaboration with Google DeepMind, FactSet Research Systems Inc.'s MCP and agent sharing functionality will deepen the financial intelligence in Gemini Enterprise ? Google Cloud's AI platform for building, governing, and deploying agents. Through this integration, financial professionals will benefit from seamless interoperability between the FactSet Research Systems Inc. Workstation and Gemini Enterprise. FactSet Research Systems Inc. and Google Cloud plan to launch a new generation of agents ? to be built using the Gemini Enterprise Agent Platform ? that are designed to improve efficiency, execution, and decision-making across portfolio operations, deal advisory, and corporate finance. FactSet Research Systems Inc. will also add Google Cloud to its existing portfolio of cloud providers, enabling FactSet Research Systems Inc. to further enhance its infrastructure capabilities and deliver greater reliability, scalability, and innovation to clients.