Snowflake Inc. [NYSE: SNOW] has introduced Financial Services Data Cloud. This new service will help Financial Services organizations transform how they use data to drive business growth and deliver better customer experiences. It has been disclosed that Snowflake’s Data Cloud helps organizations speed up their top-line growth and innovation while alleviating risk as customer expectations, regulatory requirements, and data volumes rise.
Snowflake’s platform governance capabilities have been created to help the rigorous requirements of today’s financial services organizations. Snowflake Financial Services Data Cloud allows clients to safely cooperate on data across the enterprise, while competently fulfilling regulatory requirements, using Snowflake’s powerful security and governance capabilities.
Furthermore, Snowflake Financial Services Data Cloud allows clients to safely share data across multiple public clouds with support for sharing from multi-tenant environments to Virtual Private Snowflake (VPS) environments coming in a future release.
Additionally, within the Financial Services Data Cloud, Snowflake also disclosed partner-delivered solutions. These end-to-end solutions take benefit of Snowflake’s unique global and cross-cloud data sharing abilities to link clients across the financial services ecosystem.
SNOW revealed that the Financial Services Data Cloud will allow leaders in the space to create new revenue streams through future-forward products, cooperate within and across the new data economy for competitive advantage, while uninterruptedly providing security and governance standards.