Sahamati Labs, Google Cloud India partner to launch AI CoE

Sahamati Labs has partnered with Google Cloud India to launch an AI centre of excellence (CoE), dedicated to building solutions across lending, insurance, and wealth management. Sahamati Labs is the innovation arm of industry alliance Sahamati which drives Account Aggregator ecosystem in India. 

The Account Aggregator (AA) framework enables consent-based financial data sharing for over 2.12+ billion accounts. With AI, Sahamati Labs and Google Cloud aim to strengthen trust, expand accessibility, and accelerate innovation in digital finance, ensuring reach from urban centers to the most remote villages.

This collaboration leverages Google Cloud’s generative AI capabilities which enables the development of advanced models for predictive insights, personalized recommendations, and sophisticated fraud detection. Given the critical need for secure, consent-based data sharing within the Account Aggregator (AA) framework, Google Cloud’s data privacy-preserving portfolio will allow sensitive data to be shared with full confidentiality and privacy. Furthermore, Google Cloud’s support for Indian languages across its AI services is expected to democratise access to financial services.

“The Account Aggregator framework is the next frontier for financial services. Its success depends on trust, inclusion, and innovation. By embedding AI at its core with Google Cloud, we are setting the stage for India to once again define a new global benchmark, this time for financial inclusion at scale,” said BG Mahesh, CEO, Sahamati.

The partnership will zero in on three areas—first, inclusion at scale, with AI-powered speech-to-text and text-to-speech tools in Indic languages. Second, trust by design, through advanced AI systems built to detect fraud, block mule accounts, and bolster identity verification. And third, AI-led proof-of-concepts for faster, reliable, and affordable services for banks and fintechs.