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: 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

Fitch Opens New Chapter with Data Distribution and AI Strategy

Fitch Solutions’ recent extension of its distribution strategy to include a presence on Snowflake is the first step in a programme of leveraging the company’s huge cache of credit ratings and research data. The move, which saw Fitch add its core credit ratings products on Snowflake Marketplace earlier this year, will be followed by other...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

The Reference Data Utility Handbook

The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...