Citi Partners with Snowflake for Post-Trade Data

Snowflake, the Data Cloud company, and Citi announced a strategic initiative to re-imagine how data flows across financial services transactions to provide a frictionless solution for post-trade processes across the industry. The partnership brings together Snowflake’s secure data sharing and multi-party permissioning capabilities and Citi’s market expertise with the proprietary custody network spanning over 60 markets and its top global markets franchise in Snowflake’s Data Cloud provider-agnostic cloud environment. According to a story in MarketsMedia news, banking, insurance, fintech, and investment management customers, amongst others in the financial services industry, can utilize Snowflake’s Financial Services Data Cloud to securely share and access data to help launch new customer-centric products and services, build fintech platforms of the future, and satisfy regulatory compliance requirements.