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

S&P Global Market Intelligence to Distribute Data Through Snowflake Cloud

Subscribe to our newsletter

S&P Global Market Intelligence today confirmed a new collaboration with cloud data specialist Snowflake to deliver S&P Global’s financial, textual, ESG and alternative data through Snowflake’s cloud platform. In doing so, S&P Global becomes the latest major data provider to join Snowflake’s growing mandate (along with FactSet, who teamed up with the cloud provider back in January), while Snowflake becomes the first cloud-hosted delivery option added to the S&P Global Marketplace.

Users can now access all of S&P Global’s data via Snowflake, which should in theory remove the data ingestion process altogether, thus improving both productivity and efficiency. The Snowflake Data Marketplace is built on top of Snowflake’s Secure Data Sharing technology, and provides an accessible platform for organizations to find, share and access content. Through Snowflake, S&P Global and select-third party data is now available to query and easily accessible via multiple cloud platforms and enables direct integration with more than 80 third-party data vendors.

“Clients are looking to work with vendors that can simplify the ingestion and linking of data, allowing users to focus on deriving insight,” said David Coluccio, Managing Director, Data Management Solutions at S&P Global Market Intelligence. “We are excited to work with an innovative company such as Snowflake to allow our clients to quickly access, utilize and maximize the value of their data, which is vital given the speed at which today’s global markets operate.”

The partnership is just the latest in a growing trend towards cloud migration, which has become one of the hot button topics of 2020. Cloud-based delivery enables customers to simplify their data management and work with multiple large datasets more efficiently – crucial in today’s increasingly fragmented working environment and with the coronavirus driving a push towards remote working.  Snowflake has benefited from this trend – one of the rising stars in the cloud firmament, the firm filed for an IPO last week in what could be one of the most exciting public offerings in the tech space this year.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Data Should be Regarded as a Strategic Asset: Webinar Preview

The growing acceptance of data as an enterprise-wide necessity is gaining ground, especially within capital markets, where rapid changes in the global economy and increasing pressure on bottom lines is prompting a rethink of business models. The need for greater data and product delivery speeds, the demand for more efficient workflows to reduce costs and...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Corporate Actions Europe 2010

The European corporate actions market could be the stage of some pretty heavy duty discussions regarding standards going forward, particularly with regards to the adoption of both XBRL tagging and ISO 20022 messaging. The region’s issuer community, for one, is not going to be easy to convince of the benefits of XBRL tags, given the...