WeLab Teams Up with Google to Expand AI Banking Reach

Hong Kong fintech company WeLab has rolled out a strategic partnership with Google to speed up the takeup of artificial intelligence (AI) in digital banking in the Asia Pacific market. The deal will allow WeLab to provide AI-driven financial services to 500 million users by 2032 and make it a technology leader.

As part of the agreement, WeLab will utilize Google's cutting-edge AI models and agentic strengths to improve all aspects of its business — from streamlining core operations and product design innovation to increasing marketing effectiveness.

The firm will further utilize Google Cloud's infrastructure and AI capabilities as one of its go-to cloud partners to drive speed, scalability, and compliance as it expands across new geographies.

Key highlights:

WeLab aims to deliver AI-powered financial services to 500 million users by 2032, positioning itself as a technology leader in Asia Pacific
The partnership will see WeLab leverage Google’s advanced AI models, agentic capabilities, and Google Cloud infrastructure to enhance operations, product innovation, and marketing efficiency across new markets
First rollout with an AI Investment Research Agent sets the foundation for WeLab’s expansion across Asia Pacific with scalable, compliant AI solutions

“Our AI vision at WeLab is to accelerate the adoption and diffusion of AI technology to amplify human potential. With Google, we can use its cutting-edge AI and agentic abilities to further speed up adoption, push new use cases, and get tools into production more quickly across our business ‒ freeing up our teams to work on higher-value analytical and creative tasks.” stated Simon Loong founder and Group CEO of WeLab.

WeLab's initial deployment will be an AI Investment Research Agent constructed with Gemini models on Vertex AI and Google's Agent Development Kit, providing real-time investment insights from internal and external information.

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"This milestone is a model for our regional expansion strategy," Loong added. "It will enable cost savings, enhance customer experiences, and make high-quality financial research previously accessible only to institutional investors available to all.”