Alkymi Leverages Google Cloud to Securely Transform Data Workflows for Investment Managers Globally
- Editor
- Mar 18
- 1 min read
Whats Happening:
Alkymi, a leading provider of private markets data and workflow solutions, has announced a partnership with Google Cloud to deploy its platform securely for asset and wealth management firms. This collaboration leverages Google Cloud's advanced infrastructure, including GeminiAI models, Document AI, and agentic AI, to enhance operational efficiency and data management for financial institutions.
Key Moves:
Alkymi partners with Google Cloud to offer secure data solutions for asset managers
Initial deployment in Saudi Arabia's Dammam region to meet data sovereignty requirements
Alkymi's platform now supports multi-cloud deployments for global reach
By The Numbers:
Private market assets forecasted to grow at 9-10% CAGR
Private assets expected to reach $60-$65 trillion AUM by 2032
Private assets projected to constitute 30% of total AUM within a decade
Key Quotes:
"We are excited to partner with Google Cloud to leverage AI technologies such as Gemini AI models within the workflows on our SaaS service and private clouds," said Harald Collet, CEO of Alkymi.
"This collaboration between Alkymi and Google Cloud underscores our commitment to empowering financial institutions in Saudi Arabia and the wider Middle East with secure, compliant, and innovative cloud solutions," said Bader Almadi, General Manager of Google Cloud in Saudi Arabia.
Bottom Line:
Alkymi's partnership with Google Cloud marks a significant step in providing secure, AI-powered data solutions for asset and wealth management firms globally. By leveraging Google Cloud's advanced technologies and meeting stringent data sovereignty requirements, Alkymi is positioned to address the complex data challenges faced by investment managers in the rapidly growing private markets sector.
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