By providing access to banking services such as fee-free savings and checking accounts, remittances, credit services, and mobile payments, fintech companies can help the under/unbanked population to achieve greater financial stability and wellbeing. We wantpartners to build that capability on top with us, Kurian said. We saw it during the pandemic in early 2020, and we're seeing it again now, which is, the benefits of the cloud only magnify in times of uncertainty. Kurian senior was a chemical engineer and the general manager of Graphite India. We work directly with them. For example, fintech is enabling increased access to capital for business owners from diverse and varying backgrounds by leveraging alternative data to evaluate creditworthiness and risk models. I don't know. Fintech also arms small businesses with the financial tools for success, including low-cost banking services, digital accounting services, and expanded access to capital. This presents a tremendous opportunity that innovation in fintech can solve by speeding up money movement, increasing access to capital, and making it easier to manage business operations in a central place. The author is Magistrate Judge Zia Faruqui. Bloomfield Hills, Michigan (MI), US. By efficiently embedding and connecting financial services like banking, payments, and lending to help small businesses, we can reinvent how SMBs get paid and enable greater access to the vital funds they need at critical points in their journey. We've built a lot of sophisticated capabilities that are machine learning-based inside of Connect. One of the biggest of those is Amazon Connect, which is our contact center solution. They are then able to pass on these savings in the form of no-fee or no-minimum-balance products to their customers. Part of that is because of the size of datasets and because of the machine learning capabilities which are now being created. If you go with a vendor, you drive their road map, you work with them and drive their road map, but youre dependent upon their road map versus your own internal software development lifecycle., The age-old build or buy question is the wrong one to ask, said Zoe Hillenmeyer, chief commercial officer at Peak, which sells an AI decision intelligence platform and related services. Sharing financial data across providers can enable a customer (individual or business) to have real-time access to multiple bank accounts across multiple institutions all in one platform, saving time and helping consumers get a more accurate picture of their own finances before taking on debt, providing a more reliable indication than most lending guidelines currently do. At the beginning of the pandemic, Barclays sent all their agents home. Fast forward to 2022, and Grider cited a drastic change for the better after Thomas Kurians three and a half years as CEO of Google Cloud, which today remains the companys preferred cloud provider as it continues migrating workloads from its legacy debt accumulated over decades to Google Cloud Platform (GCP). There's a discipline of availability, reliability, management and being a proven partner on this journey.". Other organizations have figured out how to use these very powerful technologies to really gain insights rapidly from their data. . [11][12] Application server software became Oracle's fastest-growing business primarily because of his efforts. Both prongs of that are important.. One of the Birmingham area's hidden gems, the Alabama Booksmith is a unique delight for book-lovers and collectors alike . As AWS preps for its annual re:Invent conference, Adam Selipsky talks product strategy, support for hybrid environments, and the value of the cloud in uncertain economic times. Oct 22, 2015. Inside of each of our services you can pick any example we're just adding new capabilities all the time. "If you draw the line, you can see the curve.". Kurian's focus has included developing product road maps, introducing new pricing models, bolstering customer service and becoming more efficient with its infrastructure, a key to saving money. [13] Kurian served as a member of Oracle's executive committee for 13 years. There's a lot more geographies that we want to go to, in addition to expanding in our core geos, whether that's the U.K., France, Germany, United States, Canada, etc.. As a result, you can look publicly at the threat data and the reports on breaches [and see that] we have a very secure cloud approach that we are confident in, said Kurian. These kinds of challenging times are exactly when you want to prepare yourself to be the innovators to reinvigorate and reinvest and drive growth forward again. Google Cloud partners are bullish that placing their services and solutions on the open Google Cloud Marketplace will increase sales and create new customer opportunities. Core business processes had to be transformed, according to Kurian, from how customer support requests and premium support would be handled, to forecasting and how salespeople entered orders, to the system for helping partners drive deals with Google Cloud. If you continue browsing. The Financial Technology Association (FTA) represents industry leaders shaping the future of finance. We want to make that entire hybrid environment as easy and as powerful for customers as possible, so we've actually invested and continue to invest very heavily in these hybrid capabilities. On any given day, Lily AI runs hundreds of machine learning models using computer vision and natural language processing that are customized for its retail and ecommerce clients to make website product recommendations, forecast demand, and plan merchandising. This can positively impact all types of business owners, but especially those underserved by traditional financial service models. We're signing more long-term commitments than ever these days. Are there any misconceptions about how the law applies to crypto, or how your decisions should be interpreted, that you wish you could get across? [20] Kurian and Larry Ellison reportedly had a falling out over the direction of its cloud business. Earlier this week, Alphabet said Google's cloud unit generated $191 million in operating profit, after losing a total of $4 billion in 2021 and 2022. "I think we . So no, it doesnt surprise me that people did that. Under his leadership, that business became the company's fastest-growing business and the industry's leading middleware product suite. From payment apps to budgeting and investing tools and alternative credit options, fintech makes it easier for consumers to pay for their purchases and build better financial habits. Its a big company now, but they have retained the agility and the speed which you would see from a young firm. Who Is Thomas Kurian, the Incoming CEO of Google Cloud? - Business Insider The shift that you've seen from us in terms of [a] product road map that goes from core compute and storage to a more fully fledged analytics platform, to open architecture and multicloud platforms, to even just refinements in our Workspace products and rounding out our security portfolio all of that is matching this wave, Grannis said. The important thing for our customers is the value we provide them compared to what they're used to. When a customer searches for a red dress with lace, for example, red dresses with lace appear at the top of the search results. Innovations in payments and financial technologies have helped transform daily life for millions of people. We launched Protocol in February 2020 to cover the evolving power center of tech. Kerkorian, who died in June at age 98, bought the property in 1998 for $3. Theyre going to have a soup-to-nuts experience, he said. Infrastructure, data and analytics, and cybersecurity are typically the top three reasons why organizations choose Google Cloud, according to CEO Thomas Kurian.Photo: Google/Weinberg-Clark Photography. It is with deep sadness that just under three years later, we are winding down the publication. A lot of these places that are attempting to do this are just not tech-native or tech-first companies, BCGs Gupta said. We are always co-selling with Google, said SADAs Safoian. CEO Thomas Kurian discusses Google Cloud's four 'flavors' of partners and its differentiated platform offering, security posture, multi-cloud and vertical market strategies, and data . It's really important that we provide solutions for customers at all levels of the stack. Google built up its customer-success mode to work more tightly with clients, and it racked up a community of 100,000 partners. By expanding credit availability to historically underserved communities, AI enables them to gain credit and build wealth. While Google's cloud unit has swung to posting a profit, there's some fuzziness in the numbers. "You will see us. See pricing and listing details of Tempe real estate for sale. The ability to dramatically grow or dramatically shrink your IT spend essentially is a unique feature of the cloud. Thomas Kurian, Google Cloud - Rs 10,600 crore A force to reckon with in the tech space, Thomas Kurian amassed a net worth of Rs 10,600 crore in 2019.. If you'd asked me 15 years ago, hey in 2022, how much of the cutting edge of innovation do you think would be around raw performance or price performance of a unit of compute, I wouldn't have necessarily guessed that was still as important as it is. Despite years spent trying to compete with Amazon and Microsoft in selling cloud-based storage, computing and other services to big corporations, it was coming up short in its effort to win marquee deals. After the meeting, Grannis found himself alone in the elevator with Kurian and they rode down silently. The company has had hundreds of its senior engineers sponsor important customers so they could see how their products are being used and understand what needs to be changed. And all those contracts that have been booked also bring partners in because partners need to drive the commitment that a customer has given us in that contract backlog, said Kurian. Mike likes to work closely with his clients to come up with the best . Thomas Kurian is making his market-share takeover move as Google Cloud looks to 'industrialize' the cybersecurity industry, create the world's most open cloud marketplace and completely. You don't go from $5 billion [in annual revenue] to $20 [billion] in three years and not get to claim that, Galizia said. For example, we see the impact this is having on large players being forced to drop overdraft fees or to compete to deliver products consumers want. But of course, many of our larger customers want to make longer-term commitments, want to have a deeper relationship with us, want the economics that come with that commitment. I don't think we have immediate plans in those particular areas, but as we've always said, we're going to be completely guided by our customers, and we'll go where our customers tell us it's most important to go next. A new report from @Mandiant found that critical cybersecurity decisions are being made without insights into the adversary and their tactics. AWS has more than 200 services now. Thomas Kurian is ready to make his move. Open Banking can also widen the net of prospective lenders by providing an immediate and accurate understanding of a customers financial history, allowing more lenders to better understand the specific risk profile and hence drive a more competitive loan product for the end customer. We needed to add to it this focus on the customer and make a lot of our innovation be customer-driven. [21], On September 28, 2018, he resigned as president of product development at Oracle. Weve taken a completely partner-led approach to delivery. Photo: Google. You do see some discretionary projects which are being not canceled, but pushed out. It's always been our north star. Kurian is now ready to push Google Cloud front and center into the multi-cloud era with plans to win more cloud computing market share in the coming years through several strategic movesfrom revolutionizing the Google Cloud Marketplace to making cybersecurity a true market differentiator against its cloud rivals to eliminating channel conflict. And along with that was being very clear with our partners: how do we work with partners, because they're a big part of the ecosystem when you're working in enterprise.. And being in retail, we can appreciate that.. Google Cloud CEO Thomas Kurian focused on new partnerships, recent customer wins and new tools for multi-cloud environments, hybrid work, cybersecurity and edge infrastructure in his keynote . "I'd like to understand how we can improve the experience for developers.". It will be the second re:Invent with CEO Adam Selipsky as leader of the industrys largest cloud provider after his return last year to AWS from data visualization company Tableau Software. We embed our values and principles in our engineering, and one of our values and principles is that people should be able to run any shape of compute the way that they want it.. Financial technology or fintech innovations use technology to transform traditional financial services, making them more accessible, lower-cost, and easier to use. Like other large enterprises that have invested in ML for years, Southeast Asias banking giant DBS has had to build in-house to manage its data analytics and the 400-plus ML models it runs for things like personalized banking, said Sameer Gupta, group chief analytics officer and managing director. A lot of Google technology is in modules, and you have to kind of assemble the modules together to get the business value out of it, he said. He led 35,000-people software development team in 32 countries with an R&D budget of $4 billion. We've really, really transformed, and most of our largest customers have been super successful in adopting and using cloud through the work they've done with us.. They're so deep at this point in the investment, I don't see them coming out of this one, he said. His rulings have made smart references to "The Big Lebowski," "Dr. Strangelove," and "SNL" parodies of the McLaughlin Group. Benjamin Pimentel Oct 31, 2019, 3:00 AM Google Cloud CEO Thomas Kurian Google Cloud has joined forces with India-based IT services powerhouse HCL, which CEO Thomas Kurian says will make it. It really is still day one. The even better news is that this democratization is taking multiple forms. While Google Cloud continues to operate at a hefty loss $931 million as of the end of the first quarter parent company Alphabet has signaled its taking a longer-term view when it comes to the division's profitability, with plans to continue investing aggressively given the sizable cloud market that it sees. Infrastructure, data and analytics, and cybersecurity are typically the top three reasons why organizations choose Google Cloud, according to Kurian. Beverly Hills Estate of Billionaire Kirk Kerkorian Lists for $22M So there is zero channel conflictzero channel conflict, Kurian said. Donna Goodison (@dgoodison) is Protocol's senior reporter focusing on enterprise infrastructure technology, from the 'Big 3' cloud computing providers to data centers. Join FTAs inaugural Fintech Summit in partnership with Protocol on November 16 as we discuss these themes. Kurian and his wife Molly in 1966 in Pampady village of Kottayam district in Kerala, India. He also took on Google Clouds previously freewheeling internal culture. We are only short distance from Manhattan, minutes from fine dining, great schools, shopping, parks and houses of worship. We are completely open on the Google Cloud Marketplace, whether the solution is complementary or whether its even overlapping with Google products because we fundamentally want to provide customer choice, said Kevin Ichhpurani, Google Clouds global channel chief. In something like 10 days, they got 6,000 agents up and running on Amazon Connect so they could continue servicing their end customers with customer service. Thomas Kurian, CEO Google Cloud | CEO Cloud Outlook 2021 - YouTube Intuit has also used open-source tools or components sold by vendors to improve existing in-house systems or solve a particular problem, Hollman said. When you look at that, each of those individual models that we built, then were over millions.. Our goal is to make sure that we make it super easy for partners to be able to reach our customers.. He also holds a doctorate in engineering from the University of Oxford. "He's brought in the enterprise discipline," Siddiqui said of Kurian. It wasnt competing aggressively enough to win the lift-and-shift core infrastructure business that was going to AWS and Microsoft Azure, and had a reputation as an organization that was more interested in convincing customers to do things Googles way than learning what they really needed. You can run in Google Cloud, you can run on-premises or in another cloud. Her reporting on AI and tech ethics issues has been published in OneZero, Fast Company, MIT Technology Review, CityLab, Ad Age and Digiday and heard on NPR. The enterprise might try to force everyone to use a single development platform. As we have ramped [up] our business, increasingly the sales organization that's working with the customer to identify new opportunities in the account, and the customer success team that ensures the projects are going well and the team that works with partners like Accenture, Deloitte, etc. It makes a ton of sense for both Google Cloud and partners because Mandiant brings a platform that looks across the entire security life cycle. The model must recognize those distinctions. It currently has 34 regions with 103 zones and 147 network edge locations, with availability in more than 200 countries and territories. Trying to build your own ML platform from scratch is a big undertaking.. The CFPB's recent kick off of its 1033 rulemaking was particularly encouraging as is the agencys commitment to strong consumer data rights and emphasis on promoting competition. The financial technology transformation is driving competition, creating consumer choice, and shaping the future of finance. In His Debut As Google's Cloud Leader, Thomas Kurian - Forbes And I think there are certainly people opining on that, yes and no. If somebody generates good features on cash flow, some other person thats doing some other cash flow thing might come along and say, Oh, well, this feature set actually fits my use case. We're trying to promote reuse, he said. People who are unbanked often rely on more expensive alternative financial products (AFPs) such as payday loans, money orders, and other expensive credit facilities that typically charge higher fees and interest rates, making it more likely that people have to dip into their savings to stay afloat. Obviously, we have a certain size and scale, Kurian said. The more we make it easy for customers to do it, the more the partners benefit.. For the first time, Google Cloud is opening the marketplace for partners to resell ISVs products with the goal of creating the most open cloud marketplace in the world. Feb 13 The business impact of cybersecurity threats has every company rethinking its security posture. 2. Google Cloud CEO Thomas Kurian: 10 Boldest Statements From Next '21 - CRN Thats really compelling. Despite these technological advances, 22% of American adults fall in the unbanked or underbanked category (source: Federal Reserve). Thomas Kurian - Wikipedia But then it goes far beyond that. Keisha House - Address & Phone Number | Whitepages Despite these technological advances, 22% of American adults fall in the unbanked or underbanked category (source: ). The move was prompted by feedback from customers and partners, according to Kurian. We made it very easy for partners to collaborate with the Google sales force so that they can serve clients together. "It was music to my ears," said Dev Ittycheria, CEO of MongoDB, which sells cloud database software and services. Kurian plans to arm its tens of thousands of channel partners with offerings to make cybersecurity a major differentiator for them in the sales field. [22], Kurian joined Google's Cloud organization in November 2018. Macroeconomic challenges like inflation and supply chain issues are making successful money and cash flow management even more challenging. Got a confidential news tip? Kurian joined Oracle in 1996, initially holding various product management and development positions. You can have integrated identity access management, etc.you basically removed the buying friction of the model, said Ichhpurani, corporate vice president of global partner ecosystem and channels at Google Cloud. It uses Google technologies that understand user intent and context to improve the shopping experience. The internet economy is just beginning to make a real difference for businesses of all sizes in all kinds of places. By jdubble07 @ 2012-01-25 12:44:03. At the time, AWS was attempting to add some open source MongoDB database software capabilities into its DocumentDB service. Google Cloud CEO Thomas Kurian: "We're the New Kid on the Block" We are ambassadors for the judiciary to the people in our courtroom it's a very frightening proposition being in court if you've been federally charged, and people have perceptions of what they think can happen there in terms of fairness or unfairness. Kurian plans to integrate Mandiants technology into Google Cloud products such as its Chronicle cloud-native SIEM platform for better risk and vulnerability analysis, as well as newly acquired automation remediation technology from Siemplify, which Google Cloud purchased this year for a reported $500 million. Bring that customer base to the partner ecosystem. Since ex-Oracle exec Thomas Kurian took over the business in 2019, the company has concentrated on winning enterprise clients. At its core, it is about putting consumers in control of their own data and allowing them to use it to get a better deal. A full partnership requires a full set of capabilities.. Before that, her byline was featured in SF Weekly, The Nation, Techworker, Ms. Magazine and The Frisc. "Three years in: Can Kurian heal sickly NetApp's woes? His father was self-educated and became a successful executive in the manufacturing . He has completely legitimized the platform in the hearts, minds and eyes of the largest organizations in the world, said Tony Safoian, CEO of Los Angeles-based SADA Systems, one of Google Clouds top channel partners. She previously covered the public cloud at CRN after 15 years as a business reporter for the Boston Herald. When I joined, I was very clear that we are a products and solutions company, were not a services company. That's what good lawyers will always do. Tempe, AZ Real Estate & Homes for Sale - Realtor.com When DBS started our journey several years ago, the solutions available in the market primarily focused more on AI/ML activities as experiments and did not meet our requirements to iterate and operationalize quickly, Gupta told Protocol. After Princeton, Kurian started his career with McKinsey & Company as a consultant serving clients in the software, telecommunications, and financial services industries for 6 years in London and Brussels. And in order for the public to have faith and trust us, they need to understand what it is that we're doing and what we're saying. Dr. Thomas K. Kurian, MD | Austin, TX | Cardiologist | US News Doctors For instance, Hollman said the company built an ML feature management platform from the ground up. With that growth in mind, partners hail Kurian as one of most important executives that Google Cloud has ever hired. He resigned in September 2018 after frequent clashes with . We advocate for modernized financial policies and regulations that allow fintech innovation to drive competition in the economy and expand consumer choice. Furthermore, Google Clouds move to win cloud mindshare via its security technology is getting a major shot in the arm with Googles upcoming blockbuster acquisition of incident response superstar Mandiant. Google plans to spend $9.5 billion on datacenters and U.S. offices this year, preparing itself for significant cloud growth ahead. But they had no real idea how to build, market and sell them to the business world. That being said, many customers are in a hybrid state, where they run IT in different environments. They require vast amounts of compute, but nobody will be able to do that compute unless we keep dramatically improving the price performance. So my goal is certainly not just getting to one segment of the population, but it's making decisions accessible to whoever's interested in reading them. Sergio Cipolla, CEO of Denver-based Google Cloud partner NIMBL, said opening up the marketplace to the channel is instrumental in showing Google Cloud customers how flexible and customizable the platform can be in addressing every type of business need. It's pretty amazing in a very short period of time.. If youre somebody thats been in AI for a long time and has maturity in it and are doing things that are at the cutting edge of AI, then theres [a] reason for you to have built some of your own solutions to do some of those things, he said. Financial technology is breaking down barriers to financial services and delivering value to consumers, small businesses, and the economy. Siddiqui said Home Depot uses its own data centers and co-location facilities, as well as cloud services from Google and Microsoft. We don't just build a service and move on. Its one integrated bill. Google Cloud CEO Kurian Explains Alliance With IT Services Giant HCL Thomas Kurian, a longtime Oracle exec who Google hired to replace former cloud CEO Diane Greene in November, put an emphasis on partnerships and Google's multi-cloud approach during his keynote . Welcome to Turian House, a well kept high rise, featuring attractive updated studio, 1 and 2 bedroom apartments! From increasing Google Clouds head count by upward of 15,000 employees and consistently growing sales by billions of dollars year after year to opening the Google Cloud Marketplace to channel partners, Kurian isnt just making Google Cloud a more formidable player against its cloud rivalshes looking to take the industry by storm through a highly differentiated partner-led strategy.