Broadridge teams with Snowflake to enhance data solutions for asset managers
Broadridge Financial Solutions is to work with data cloud company Snowflake to enable clients to consolidate and analyse trading and portfolio data in the cloud in a way they couldn’t before.
Snowflake’s integrated data platform provides customers with data storage, processing and analytics solutions in the cloud. Enhancing Broadridge’s trading and portfolio management solution with Snowflake technology will enable Broadridge clients to bring together data from Broadridge, client, and third-party systems into Snowflake’s Data Cloud for analysis and direct access, and provide a complete picture of their data for a more informed decision-making process. This augments Broadridge’s existing data solutions that provide clients access to individualised self-service analytics, customisable digital reports and interactive dashboards.
“Data aggregation has continued to be a pain-point for asset managers. There is a strong and ever-growing need to interact with increasingly complex data sets from many sources with speed and efficiency, and our relationship with Snowflake will help our clients overcome these data challenges,” says Eric Bernstein, President of Broadridge Asset Management Solutions. “This is a continuation of Broadridge’s data strategy and strengthens our leadership position as a technology partner that can empower data-driven results for the asset management industry.”
“We are excited to support Broadridge as they enable asset management clients with a seamless data experience,” says Matt Glickman, VP of Customer Product Strategy, Financial Services, at Snowflake. “With Broadridge as a part of the Snowflake Data Cloud, asset managers will be able to work more efficiently and can have their data work harder for them, allowing for greater collaboration and better results.”