The agents are one of three areas of focus the companies will pursue in a new partnership that will bring new AI-powered solutions to the financial industry, FactSet said in a Tuesday (June 30) press release.

The partnership brings together FactSet’s data, analytics and workflows with Google Cloud’s agentic AI capabilities and infrastructure, according to the release.

The new jointly designed agents will be built using Google Cloud’s Gemini Enterprise Agent Platform.

Another area of focus will be FactSet AI enhanced with Gemini models. FactSet is embedding Google’s enterprise Search and Gemini model capabilities in the FactSet Workstation to launch the new agents for finance; leveraging Google Cloud’s AI capabilities to accelerate the development of new Workstation products with deep research functionality and multi-modal experiences; and directly integrating with Google grounding to improve FactSet’s AI-enhanced insights.

The partnership’s third area of focus is deeper financial intelligence in Gemini Enterprise, which is Google Cloud’s AI platform for building, governing and deploying agents. FactSet’s MCP and agent sharing functionality will deepen the platform’s financial intelligence and provide financial professionals with seamless interoperability between the FactSet Workstation and Gemini Enterprise, per the release.

FactSet CEO Sanoke Viswanathan said in the release: “AI is fundamentally shifting how financial professionals access data, derive insights and make decisions. Together with Google Cloud, we are putting trusted financial data and advanced AI capabilities to work, empowering our clients with more intuitive, connected and intelligent agents.”

Google Cloud Chief Product and Business Officer Karthik Narain said in the release: “By combining Google Cloud’s agentic AI capabilities with FactSet’s deep financial expertise, we are enabling investment professionals to surface insights faster, automate complex workflows, and realize commercial value from AI.”

The PYMNTS Intelligence report “Financial Services Pulls Ahead in the Enterprise AI Race” found that 85% of financial services and insurance firms are increasing their AI budgets over the next 12 months.

The top justifications for these investments are productivity and efficiency gains, cited by 65% of the firms, and strategic or competitive positioning, also cited by 65%, according to the report.

For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.

Tuesday’s Supreme Court ruling changing certain federal campaign finance limits could make a big difference in the battle for control of Congress this fall, giving Republican candidates who have been getting outraised by opponents direct access to more party cash.

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The World Bank is ditching its commitment to steer 45 percent of its spending toward projects with climate benefits, after facing pressure from the Trump administration.

The move, announced Monday following a meeting of the bank’s board of directors last week, marks a victory in President Donald Trump’s effort to purge climate policies from U.S. foreign policy. His administration has described the target as “distortionary” and “nonsensical.”

The bank preserved its broader Climate Change Action Plan — of which the 45 percent target was a key metric — just days before it was set to expire at the end of June. In addition to directing money toward climate projects, the plan provides technical support for helping countries reduce their greenhouse gas pollution and adapt to rising temperatures.

“We will retire the 45% climate co-benefits target,” the World Bank Group said in a statement, noting that it had “done significant work in answering client demand and needs.”

The bank’s work on climate “is and will remain firmly client driven, supporting them in delivering on their own ambitions as set out in their national plans and NDCs,” the statement added, referring to the nationally determined contributions countries submit under the Paris Agreement.

The decision to drop the climate finance target follows months of pressure from the Trump administration. People with knowledge of the negotiations said the U.S. was firm that the target must go despite other countries indicating their support for the bank’s climate goal. The U.S. has sway over the bank’s decisions as its largest shareholder.

Beyond the finance target, the Climate Change Action Plan also provides diagnostic reports on countries’ climate and development goals and aims to align lending with the Paris Agreement, which calls for preventing temperature rise from surpassing 2 degrees Celsius since the Industrial Revolution.

The bank said it would honor a board request to undertake an independent evaluation of the climate plan to determine if it’s helping countries grapple with rising temperatures. The decision effectively extends the plan beyond its expiration at the end of June.

The climate target was supported by many of the bank’s shareholders. It’s also been a prominent signal of the bank’s support for climate action at a time when the impacts of rising temperatures are accelerating.

“This is way, way away from where we should be for a responsible financial architecture,” said one official from a developed country who was directly involved in the negotiations and was granted anonymity to describe internal discussions.

The bank will continue to track and report on the amount of money going to projects with climate co-benefits. It exceeded its own target last year by directing 48 percent of its financing to climate-related projects.

Other climate targets embedded in agreements that govern different arms of the bank will remain, including one for the International Development Association, the bank’s fund for the poorest countries.

Multilateral development banks play a key role in global climate negotiations, where wealthy countries have committed to helping provide $300 billion a year for poorer countries by 2035. That no longer includes the United States, which has left the Paris Agreement and will exit the underlying United Nations Framework Convention on Climate Change early next year.

“Targets send enormous signals about an institution’s direction of travel,” said Clemence Landers, a senior fellow at the Center for Global Development. “At the same time, it’s a sign of the times and the World Bank is doing its level best to not rankle its largest shareholder.”

She believes the bank will continue financing renewable energy projects in countries that want them, despite having dropped its climate target.

“I wouldn’t be shocked if the bank continued to have an extremely robust clean pipeline with or without this target,” said Landers.

The bank says retiring the 45 percent target is part of its shift from a focus on “inputs to outcomes.” It will continue to monitor and report net greenhouse gas emissions across its projects and countries’ ability to withstand climate risks.

“We will continue to report to the Board on progress, including on climate co-benefits, and to contribute to our related joint MDB efforts,” the statement said, referring to its role as a multilateral development bank. “We will explore and discuss ways to better structure our engagement on adaptation, nature and pollution.”