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

Snowflake Acquisition of Samooha Enhances Secure Data Collaboration

Subscribe to our newsletter

Snowflake is enhancing its ability to offer secure data collaboration backed by governance, privacy and data security following its recent acquisition of data clean room specialist Samooha. Built exclusively on Snowflake, Samooha offers both technical and business users product environments with industry specific workflows, as well as an intuitive product experience and interface that make it relatively easy to build data clean rooms that run natively in the Snowflake Data Cloud.

Building a data clean room from the ground up can be challenging and require technical expertise and significant investment. By prioritising ease of use, Samooha speeds up data clean room set-up and reduces complexity, while leveraging the built-in security and governance capabilities of Snowflake to ensure customer data is secure and governed.

Samooha previously partnered with Snowflake and collaborated to build a data clean room native application that allowed enterprises to achieve tangible business value with their data. Based on the Snowflake native app framework, Samooha clean rooms, backed by privacy enhancing technologies, now go beyond SQL queries to support machine learning and AI workloads that dig deeper into common enterprise data patterns.

The acquisition was concluded towards the end of December 2023 and sees Samooha’s co-founders and data privacy experts – CEO Kamakshi Sivaramakrishnan and CTO Abhishek Bhowmick – joining the Snowflake team along with other Samooha employees.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Introducing Market & Alt Data Insight: Advancing the Industrialisation of Data in Financial Markets

Financial markets are entering a new phase in the evolution of data. Data has always underpinned trading and investment workflows. What has changed is the scale, diversity and strategic management of that data across the enterprise. Traditional market data, alternative signals, derived datasets and AI-generated features now sit on the same operational continuum. The strategic...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...