Denodo earns Snowflake financial services competency

Denodo has been recognised with the Snowflake Financial Services Competency, marking its capability in supporting financial services firms with data management within the Snowflake Data Cloud environment.

The competency is awarded by Snowflake to partners that have demonstrated consistent delivery of solutions specifically designed for financial services, spanning banking, capital markets, and insurance sectors. This highlights Denodo's ongoing efforts to address key industry requirements, including real-time data access, advanced analytics, security, fraud detection, and regulatory compliance.

Industry-focused recognition

Achieving the Snowflake Financial Services Competency serves as an acknowledgement of Denodo's work with financial institutions that require stringent compliance and secure data solutions. The distinction places emphasis on Denodo's support for strategic data integration and governance initiatives.

"This competency reinforces our shared goal of helping financial institutions unlock the full potential of their data with a modern, scalable, and governed approach that meets the highest standards of the industry. Our joint customers can trust that the Denodo Platform is optimized and tested to work with Snowflake to accelerate the time to meaningful results," Suresh Chandrasekaran, Executive Vice President at Denodo, said, commenting on the achievement.

Denodo's logical data management platform is designed to operate across both cloud and on-premises infrastructures, including environments utilising Snowflake. This flexibility allows financial firms to manage data with a focus on agility and governance, supporting unified customer views, accelerating insights, and reducing operational risk.

Use cases highlighted

Joint customers of Denodo and Snowflake are equipped to address a variety of data-driven scenarios. These include artificial intelligence and machine learning modelling, real-time regulatory reporting, Customer 360 views and personalisation, fraud detection and risk analytics, ESG (environmental, social, and governance) reporting and compliance, as well as broad cloud modernisation and data democratisation goals.

This latest competency is an extension of the existing relationship between Denodo and Snowflake. Denodo has previously attained Snowflake Ready Technology Validation and holds recognition as a Premier partner within the Snowflake AI Data Cloud Products Tier. These designations position Denodo to assist financial services organisations in deriving value from the Snowflake platform while meeting critical compliance and operational demands.

Addressing sector demands

The financial services industry faces several challenges related to data regulation, reporting requirements, and risk management. Providers like Denodo are sought out for their expertise in delivering real-time, governed, and secure data solutions that can help navigate industry-specific constraints and expectations.

The Denodo Platform's architecture is built to facilitate seamless integration with Snowflake, allowing organisations to maintain data quality and privacy across complex data landscapes. This is increasingly relevant as financial firms undertake digital transformation initiatives aimed at increased efficiency and enhanced customer service delivery.

According to Denodo, the platform's emphasis on logical data management and governance supports financial institutions in achieving operational objectives while managing regulatory exposure.

Partnership growth

This recognition contributes to the ongoing cooperation between Denodo and Snowflake in the context of financial services data management. The relationship is intended to help organisations make more effective use of data while maintaining compliance with industry regulations and supporting business innovation initiatives.

"This competency reinforces our shared goal of helping financial institutions unlock the full potential of their data with a modern, scalable, and governed approach that meets the highest standards of the industry. Our joint customers can trust that the Denodo Platform is optimized and tested to work with Snowflake to accelerate the time to meaningful results."

The Snowflake Financial Services Competency is seen as acknowledging both technical capability and a proven delivery record within financial services, a sector where secure and compliant data management is paramount.