Industry Solutions

AI DATA CLOUD FOR Financial Services

Simplify your enterprise data and AI architecture with interoperability, open standards and security in mind. Tap into an ecosystem of best-of-breed financial services data, solutions and AI models to power workflows across the buy-side, sell side, insurance and payments verticals. 

Leading financial service institutions choose Snowflake to mobilize their data and AI

Overview

Modernize your enterprise data and AI strategy

​​The world’s biggest banks, asset managers, insurers and payment providers are simplifying data access, enabling secure data collaboration, powering advanced ML and analytics and deploying agentic AI applications with Snowflake — today. 

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Easily deploy financial services-ready AI

Power a new generation of financial services use cases with Snowflake Cortex AI for Financial Services, a suite of  reliable, context-aware AI capabilities custom-built for the industry, and enhanced by an ecosystem of AI-ready partners. 

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Connect to the financial services ecosystem

Work together in the AI Data Cloud with top data and solutions providers, as well as critical service providers, to streamline data collaboration, power business-critical use cases and even uncover new commercial strategies​​.

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Trust Snowflake to protect your most valuable asset — your data

Use AI and LLMs within Snowflake's security perimeter with built-in policies, access controls and end-to-end observability.

Ebook cover for the Snowflake Marketplace Guide for Financial Services
EBOOK

Snowflake Marketplace Guide 2025: Financial Services

Explore 6 use cases for financial services and insurance leaders to leverage Snowflake Marketplace for competitive advantage.

Use Cases

FROM DATA TOBUSINESS OUTCOMES

Quant Research

Risk & Regulations

Financial Crime

Claims Management

Customer 360

Accelerate Quantitative Research

Perform quantitative research

Conduct research faster and generate alpha by simplifying data access, powering AI and ML workloads and seamlessly integrating with industry-leading solutions.

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Unify Risk & Compliance on One Enterprise Platform

Build an enterprise risk and compliance platform

Power your risk management, regulatory reporting and compliance workflows on a single data platform to meet evolving requirements across banking, capital markets, asset management and insurance.

Compiling financial services data into reports, dashboards, and native apps to manage risk and regulatory standards in financial services

Reduce reputational risk

Enhance fraud detection, know your customer (KYC) and anti-money laundering (AML)

Detect possible fraud and address KYC/AML compliance requirements by bringing together data from across your businesses, performing ML model inference with data on Snowflake and accelerating with AI.

Financial crime and fraud detection on Snowflake

Optimize complex processes

Streamline insurance claims management

Modernize claims management and the overall customer experience with machine learning models applied throughout the claims lifecycle, including at first notice of loss or first report of injury.

Diagram depicting an insurance claims prediction workflow on Snowflake

Maximize customer lifetime value

Power next best action and personalization

Acquire new clients, predict product or policy suitability, personalize investment planning and determine next best action with customer 360 analytics and ML.

Customer 360 profile for financial services

Compliance

Enterprise-Level Security and Compliance

Snowflake supports critical security and compliance standards for the financial services industry, globally.

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FINANCIAL SERVICES BUILDERS' SERIES

Gain practical insights and see in-depth demos on how the AI Data Cloud can modernize your data strategy.

CUSTOMERS

Leading companies lead with Snowflake

Financial Services Sub-Verticals

Use Case Spotlight

Ingest structured & unstructured data

Power business-critical analytics

Deploy AI and ML

Build and discover data, models and apps

Business continuity & resiliency

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Streamline multimodal data ingestion

Snowflake Openflow — built on Apache NiFi — brings together batch and streaming, structured and unstructured data, whether it lives in third-party apps, PDFs or videos.

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Code and automate pipelines with confidence

Meet data SLAs and automate repetitive tasks by focusing on outcomes instead of infrastructure, plus free your teams of operational overhead through native data engineering capabilities and integration with open standards.

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Process and extract information from unstructured text

Document AI can prepare pipelines for continuous processing of new documents of a specific type, such as application forms or finance statements, as well as extract information from entities or tables based on the list of specified columns.

SNOWFLAKE PARTNER NETWORK

Extensive Expertise from a Global Partner Network

Accelerate data access, drive secure collaboration and deploy AI across the financial services ecosystem. 

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Resources

Explore more in Financial Services

Webinars

Quickstarts

Ebooks

Get Started

Take the next stepwith Snowflake

Start your 30-day free Snowflake trial today

  • $400 in free usage to start
  • Immediate access to the AI Data Cloud
  • Enable your most critical data workloads

SNOWFLAKE FOR FINANCIAL SERVICES

Frequently Asked Questions

Commonly asked questions and their answers to support your data and AI journey with Snowflake.

With cloud solutions, your team can easily build an enterprise data and AI strategy that connects your silos, support data and compute across the cloud, streamline access of multi-modal data and offer fully managed AI services and tools.

You can also power business-critical use cases with enterprise data access by unlocking storage interoperability and tapping into an ecosystem of best-of-breed data, AI and applications. 

Entrust your most sensitive data to Snowflake with confidence thanks to its fully unified security and governance controls, as well as cross-cloud resiliency for business continuity and disaster recovery.

Data and AI power a wide range of critical use cases across financial services. For investment and markets, firms use the AI Data Cloud for quantitative research, investment analytics, and institutional client services. In risk and compliance, AI is key for dynamic risk management, regulatory reporting, and combating financial crimes like fraud, KYC, and AML. Insurance providers use AI for underwriting and claims management to improve efficiency. Finally, a comprehensive Customer 360 view enables personalized services and stronger client relationships on a unified data foundation.

  1. AI helps accelerate the ingestion, transformation, and optimization of both structured and unstructured data — allowing organizations to broaden their data aperture and take advantage of the wealth of multimodal data across the enterprise. 

  2. AI drives efficiencies and trust across existing use cases by automating traditionally manual, and oftentimes error prone tasks and workflows. 

  3. AI democratizes access to data, insights and analytics by enabling users to use natural language to ask questions and talk to their data. 

Snowflake supports customers’ compliance with several key security and compliance standards relevant to the financial services industry, including:

  • EU DORA (Digital Operational Resilience Act): DORA aims to strengthen the digital operational resilience of the European financial sector. 

  • ISO 27001: This is a globally recognized standard for information security management systems (ISMS).

  • ISO 42001: ISO 42001 is the first international management system standard for artificial intelligence. 

  • SOC 1 & SOC 2: These are audit reports that provide assurance to customers about the effectiveness of a service organization's controls related to financial reporting (SOC 1) and security, availability, and confidentiality (SOC 2).

  • Payment Card Industry Data Security Standard (PCI DSS): This standard regulates companies that process, store or transmit credit card information, and requires companies to maintain a secure environment.

  • C5 (Cloud Computing Compliance Controls Catalog): This German standard for cloud computing providers addresses security and data protection for cloud services.

Cloud solutions support a wide range of verticals within the financial services industry, including buy-side firms such as asset management, sovereign wealth funds, wealth management, private equity and hedge funds. 

On the sell-side, they are used by retail and commercial banks, investment banks and brokerage firms. Cloud technology is also widely adopted across the insurance sector, serving property and casualty, life and annuities, and re-insurance companies. 

Additionally, payments companies, exchanges, data providers, and fintechs all leverage cloud solutions to drive innovation and efficiency.

Snowflake is compatible with many best-of-breed industry solutions, many of which are accessible via native apps and connectors in Snowflake Marketplace.

Where Data Does More

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