BNY Mellon's Pershing X, a technology provider and business unit of BNY Mellon | Pershing (NYSE: BK), and Snowflake, the Data Cloud company, have announced they will bring the Snowflake Data Cloud to Pershing X's suite of data offerings for clients.
In addition to pioneering an advisory platform that will connect an investor's financial picture into one data-driven system, Pershing X is also expanding its stand-alone data service offerings to wealth management firms. Through the Snowflake Financial Services Data Cloud, Pershing X will help clients access their data faster, as well as collect, manage and report their data more efficiently.
"Pershing X is working to increase productivity in the financial services industry," said Ainslie Simmonds, President, Pershing X. "Our collaboration with Snowflake will boost our data performance speed, improving the digital experience for our clients so they can operate more efficiently."
"We look forward to working with Pershing X to empower customers to take ownership of their data," said Christian Kleinerman, Senior Vice President of Product, Snowflake. "We believe the combined power of Snowflake and Pershing X will provide wealth management firms with the data and speed to cultivate better client-advisor relationships."
"BNY Mellon is leveraging the power of engineering and innovation to advance data and analytics products for clients," said Bridget Engle, Chief Information Officer and Head of Engineering, BNY Mellon. "Leveraging Snowflake's capabilities will allow us to accelerate our time to market with Pershing X's leading cloud-based data platform."