Immuta joins Snowflake 29 May 2024US Reporter: Jack McRae
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Immuta has partnered with Snowflake Financial Services Data Cloud to enable customers to access secure, scalable, financial data analytics and operations.
The data security lender says it is aiming to address the security challenges faced by financial services organisations.
Matt Carroll, CEO at Immuta, explains: "The financial services industry operates in a highly regulated environment, which adds to its complexity. While organisations are eager to leverage the potential of data, they understand that achieving speed and efficiency should not compromise security and compliance."
The Data Cloud solution allows customers to store and analyse financial data. Data Cloud seeks to challenge issues surrounding data security — these include fraud prevention, regulatory compliance, and managing claims more effectively.
Rinesh Patel, global head of Industry Financial Services at Snowflake says: "Together, we're helping customers implement a modern data strategy in the cloud, and monetise and build new revenue streams across the global data economy through secure and governed data collaboration with the Snowflake Data Cloud."
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