Alkymi, a leader in private markets data and workflow automation, has announced the secure deployment of its AI-powered platform for asset and wealth management firms through an integration with Google Cloud. Leveraging Gemini AI models, Document AI, and agentic AI, Alkymi aims to streamline cloud migration, optimize financial workflows, and enhance operational efficiency for investment firms.
Private Markets Growth and Data Challenges
Global private market assets are experiencing rapid growth, with Bain & Company forecasting a 9-10% CAGR, potentially pushing assets under management (AUM) to $60-$65 trillion by 2032. As private assets grow to represent 30% of total AUM, asset managers face increasing data complexity and operational inefficiencies.
challenges include:
- Managing high-volume portfolio, risk, and transaction data
- Ensuring regulatory compliance and security
- Optimizing valuation and performance workflows
Alkymi’s AI-powered data platform addresses these challenges by automating financial data processes, enhancing risk management, and improving decision-making.
Google Cloud Deployment in Saudi Arabia
As part of this expansion, Alkymi is launching its first Google Cloud deployment in Saudi Arabia’s Dammam region, leveraging Google Cloud Sovereign Controls to ensure compliance with stringent data security and privacy regulations.
benefits of this deployment:
Access to Arabic-language AI models from Google Gemini
Enhanced data sovereignty and compliance tailored to Middle Eastern financial institutions
Multi-cloud support for greater flexibility and scalability
“Google Cloud’s powerful data sovereignty capabilities allow Alkymi to meet strict data residency and security requirements, overcoming key obstacles for investment managers.”
— Harald Collet, CEO of Alkymi
Expanding Global Reach with AI-Powered Financial Workflows
Through its multi-cloud support, Alkymi enables financial firms like SimCorp, Northwestern Mutual, and Strategic Investment Group to securely deploy mission-critical workflows with:
Air-gapped deployments for enhanced security
SOC2 compliance for regulatory assurance
Horizontal scalability to manage large-scale financial operations
“By leveraging Google Cloud’s AI capabilities and Sovereign Controls, Alkymi is accelerating AI adoption in private markets, fueling regional financial innovation.”
— Bader Almadi, General Manager, Google Cloud Saudi Arabia
Driving the Future of AI-Powered Asset Management
With its Google Cloud integration, Alkymi is empowering asset and wealth managers to transform investment data into a competitive advantage, unlocking:
Faster, AI-driven financial workflows
Enhanced compliance & data security
Scalable automation for private markets
