About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Facteus Partners Snowflake to Migrate Sensitive Data to the Snowflake Data Cloud

Subscribe to our newsletter

Facteus, a provider of actionable insights from sensitive data, has joined Snowflake’s partner network with a focus on enabling financial services organisations to use its Mimic synthetic data engine and data enrichment services to transform, enhance, and migrate sensitive data to the Snowflake Data Cloud.

Mimic is installed behind an organisation’s firewall and uses proprietary machine learning technology to create a synthetic copy of sensitive data, such as raw transaction data. This data transformation process removes sensitive personally identifiable information (PII), while maintaining statistical relevance back to the original data source. The synthetic data cannot be reverse engineered back to the original transaction or organisation.

Facteus’ data enrichment services cleanse, enhance and prepare the synthetic data for use in analytics, machine learning and AI, marketing and segmentation activities, and data monetisation to create new revenue streams.

“Financial services organisations have wrestled with how to safely and securely migrate crucial systems and data to cloud-based environments. Many organisations lack the resources to make the conversion or remain hesitant to store sensitive data in the cloud,” says Chris Marsh, CEO at Facteus. “Through this partnership, organisations can transform their data into privacy-compliant synthetic data that can be safely migrated to Snowflake’s Data Cloud and take advantage of the available computing power, analytics tools, and data marketplace.”

Matt Glickman, vice president customer product strategy, financial services at Snowflake, adds:  “The combination of Facteus’ platform with Snowflake’s Data Cloud enables financial services firms to safely and securely transform their organisation through data.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Data as a Product: From Collection to Control in Modern Markets

For much of the past decade, data strategy in capital markets focused on accumulation. Firms invested heavily in market data feeds, alternative datasets, data lakes, and analytics platforms. Yet despite this abundance, many organisations have still struggled to answer basic operational questions with confidence, particularly during periods of market stress. The problem is no longer...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

The Data Management Implications of Solvency II

Bombarded by a barrage of incoming regulations, data managers in Europe are looking for the ‘golden copy’ of regulatory requirements: the compliance solution that will give them most bang for the buck in meeting the demands of the rest of the regulations they are faced with. Solvency II may come close as this ‘golden regulation’:...