BNP Paribas to keep sensitive data off public cloud despite Google deal
BNP Paribas signed a five-year cloud and AI partnership with Google but will keep some sensitive customer data and critical operations off public-cloud infrastructure. The deal's value was not disclosed.
1. Cloud and AI partnership
The agreement gives BNP access to Google's public-cloud infrastructure and Gemini models as it develops AI agents for internal work, including corporate credit memos, sales, trading, research and structuring. BNP Group Chief Information Officer Marc Camus said the deal does not mean the bank will abandon its on-premise infrastructure.
2. Data safeguards and providers
Camus cited medical information held by the bank's insurance operations as highly confidential data BNP avoids putting on public-cloud solutions. BNP plans to keep using open-source models and maintain its partnership with French AI company Mistral, using providers for different applications; it sees potential for Google's technology in less sensitive work such as invoice processing and data management. Google said BNP would retain ownership of its data, which would not be used to train, tune or refine its models, and BNP said Google's AI agents would be authenticated, restricted to necessary resources and monitored.
