Clearwater Analytics, a prominent provider of SaaS-based investment management solutions, has announced a new integration with Snowflake, the AI Data Cloud specialist, to transform the way institutional asset managers and asset owners interact with and use their data. The collaboration aims to streamline data access and accelerate insights for users across the investment management sector, enhancing the efficiency of decision-making processes.
The partnership between Clearwater and Snowflake will integrate Clearwater’s investment data, including its data management solution Prism, with Snowflake’s AI Data Cloud. This union promises a more efficient and user-friendly approach to data management by offering clients seamless access to Clearwater’s datasets without the need for data duplication. Users can tap directly into data streams, making the entire investment management workflow more fluid.
Among the benefits touted by Clearwater and Snowflake, the integration will allow for real-time data collaboration, seamless connectivity, and enhanced data processing speed. Users can access Clearwater’s comprehensive data library directly through the Snowflake Marketplace, where they can build bespoke applications on Clearwater’s enriched datasets. This direct data access will offer investment managers the ability to derive insights and perform functions without the need to replicate data, supporting operational efficiency and reducing data transfer costs.
In addition, the partnership introduces advanced AI tools, such as natural language query capabilities, made possible through Snowflake Cortex AI in tandem with Clearwater’s platform. This development is expected to allow asset managers and institutional investors to engage with their data in a more intuitive manner, conducting analyses and generating reports more swiftly than ever before.
The collaboration also brings streamlined reporting, simplifying regulatory, client, and investment reporting requirements. By relying on a single, consistent data set, Clearwater and Snowflake aim to ensure clients can deliver reports efficiently while adhering to compliance standards.
Chris Napoli, Head of Wealth & Asset Management at Snowflake, highlighted the significance of this collaboration, noting that the integration “opens up vast volumes of investment management data” and empowers clients with enhanced insights and decision-making tools. “By leveraging Snowflake’s unified platform, Clearwater Analytics can enable users to answer critical questions about their portfolios and position their businesses for growth.”
Souvik Das, Chief Product and Technology Officer at Clearwater Analytics, expressed confidence in the innovation and potential unlocked by this integration, stating, “Clearwater Analytics has long been a leader in supporting institutional investors through technology that simplifies investment management. Our partnership with Snowflake enables our clients to extract actionable insights and pursue opportunities with greater precision.”
This partnership marks a significant step forward for Clearwater’s global clientele of asset managers, offering an array of new capabilities that align with the evolving needs of the investment sector. Through Snowflake’s AI Data Cloud, clients now have the opportunity to connect directly to Clearwater’s comprehensive data suite, facilitating a new level of insight and efficiency across their operations.
The companies invite users to learn more about the integration and explore Clearwater’s investment data management solutions on Clearwater’s website.
