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Snowflake for financial Services

 

  • Capital One
  • Square
  • Bankrate
  • PennyMac
  • CapSpecialty
  • Chime
  • OnDeck

DELIVERING PERSONALIZED SERVICES AND MINIMIZING RISK

Financial services organizations face a myriad of data management and analytics challenges: securely moving analytics to the cloud, an explosion in the amount and variety of available data for analysis, consolidating data silos so all users can quickly access data for faster analytics and decision-making, and constrained resources and budgets challenging the ability to deliver the deepest, data-driven insights possible.

Snowflake, the leading cloud data platform, serves hundreds of financial services organizations, including banks, brokerages, insurers, and fintech startups to solve these challenges and become truly data-driven. Some of the key benefits of Snowflake include:

  • All data in a single location

    Centralize and store structured and semi-structured financial and customer data in a single repository for greater accessibility and accuracy.

  • Unlimited concurrency, scale, and speed

    Allocate dedicated elastic storage and compute resources to each workload to ensure fast performance for unlimited users.

  • Fast data ingestion and near-zero maintenance

    Save time and resources with a simpler data ingestion and transformation pipeline, and a low-maintenance cloud data platform.

  • Share data securely

    Share governed, sensitive data with internal and external data consumers with built-in security that meets SOC 1 and 2 Type II, and PCI DSS requirements.

  • High availability and cross-cloud

    Meet regulatory or internal requirements for high availability across the cloud providers of your choice and the regions in which they operate.

Snowflake can help with unlimited amounts and types of analytical use cases within financial services:

Multiple Sub-Industries
Multiple Sub-Industries
  • Gain omni-channel, 360-degree views of customers to enable personalization, identify cross-sell and up-sell opportunities, and increase brand loyalty.
  • Optimize pricing based on expected losses to maximize profit.
  • Analyze marketing campaign results to adjust spend.
  • Perform risk and compliance analysis and reporting.
  • Analyze and detect fraud.
FinTech
FinTech
  • Build customer-facing applications and analytics capabilities directly on top of Snowflake.
  • Analyze user click paths to gain insights and improve online products.
Retail and Commercial Banking
Retail and Commercial Banking
  • Identify branches and regions that are underperforming or overperforming.
  • Determine new locations for ATMs and branches.
Investments and Asset Management
Investments and Asset Management
  • Perform quantitative analysis on internal and external data to uncover new investment opportunities.
  • Predict future trends and events by analyzing massive amounts of historical data.
Insurance
Insurance
  • Accurately price policies by micro-segmenting customers.
  • Optimize new regulatory accounting requirements around insurance liabilities.
Lending and Mortgages
Lending and Mortgages
  • Determine an applicant’s risk by analyzing more than a credit score.
  • Identify customers at risk of default.

  • We are an early adopter of Virtual Private Snowflake because it gives us the ability to process data at lightning fast speed and deliver automated, intelligent solutions to our customers in real time.

    – Linda Apsley, Vice President of Data Engineering, Capital One

  • Cloud-based data warehouses like Snowflake are not only faster than many on-premise alternatives, but also much more efficient.

    Guli Zhu, Head of Marketing Analytics, Square

  • We can now run an entire set of monthly reports, what used to take 2–3 days, in just 45 minutes. A single, month-end report that took 20–22 hours now takes 4 minutes.

    – Ken Wood, Data Team Manager, CapSpecialty

  • Snowflake deployed an entire data warehouse in a couple of days and worked with our existing technology investments.

    – Bob Asensio, CIO, CapSpecialty

INDUSTRY BRIEF

The Cloud Data Platform for Financial Services

Learn how Snowflake enables financial services organizations to securely, quickly and cost-effectively store and analyze all their data for faster decision-making.

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