The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

FactSet Adds Proprietary Data to Snowflake Cloud Built SQL Data Warehouse

FactSet’s deployment of its proprietary datasets on the Snowflake cloud data platform is designed to provide investment professionals with immediate and scalable access to content in a cloud-built SQL data warehouse. By offering its data through Snowflake, FactSet expects to reduce the time and effort it takes for clients to integrate and use new datasets.

On a broader basis, Snowflake helps firms centralise, integrate and analyse all their data sources, ensuring consistent and transparent data integrity, and supporting faster and more cost-effective decision making than traditional data management solutions. For FactSet users, Snowflake allows the use of FactSet data alongside additional content already hosted on the platform, which runs across Amazon Web Services, Microsoft Azure and Google Cloud Platform. This availability gives users immediate and secure access to data for evaluation and testing, eliminating the need for extract, transform, and load (ETL) processes.

Christian Kleinerman, vice president of product at Snowflake, describes FactSet as a trailblazer in the financial data and software industry in terms of extending access to its data in an open and flexible way. He adds: “Snowflake is committed to enabling clients break down barriers to real-time data access both within their organisations and externally with business partners.”

Gene Fernandez, chief technology and product officer at FactSet, adds: “Delivering FactSet data through Snowflake provides faster access to data whenever and wherever our clients need it, regardless of their location or what cloud platform they use.”

Snowflake’s architecture separates data computation from storage, giving users the ability to quickly and easily scale their resources for unlimited concurrent users. The platform delivers governed access to all content across the three cloud providers mentioned above and serves as an integrated environment where clients can build data applications in a cost and time efficient way. Pricing is based on per-second usage, which Snowflake says is a fraction of the cost of traditional data management solutions.

Related content

WEBINAR

Recorded Webinar: The post-Brexit UK sanctions regime – how to stay safe and compliant

When the Brexit transition period came to an end on 31 December 2020, a new sanctions regime was introduced in the UK under legislation set out in the Sanctions and Anti-Money Laundering Act 2018 (aka the Sanctions Act). The regime is fundamentally different to that of the EU, requiring financial institutions to rethink their response...

BLOG

Alveo Research Highlights Need to Integrate Data Management and Analytics to Improve Data Quality and Business Decisions

Data quality remains a force to be reckoned with among capital markets firms, with two thirds saying data analysts and quants in their organisation spend between 25% and 50% of their time collecting, preparing and quality controlling data – time they could otherwise have spent on analysis and modelling. Problems with data quality are most...

EVENT

LIVE Briefing: ESG Data Management – A Strategic Imperative

This breakfast briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...