Northern Trust and EDS improve data sharing for investment data science

CHICAGO–(COMMERCIAL THREAD) – Northern Trust (Nasdaq: NTRS) and Equity Data Science (EDS) have collaborated with Snowflake, the Data Cloud company, to enhance secure data sharing and onboarding for Asset Servicing clients using Investment Data Science capabilities.

Leveraging Snowflake’s data sharing and cloud technology, Northern Trust and EDS can deliver a better, faster and more secure experience for Investment Data Science clients. Snowflake’s financial services data cloud enables sharing on a single, integrated platform, leveraging what used to be a manual process dependent on the physical extraction and delivery of data files.

“This is a revolutionary technology that replaces the old method of exchanging data,” said Paul Fahey, head of investment data science at Northern Trust. “Customers will have access to data insights that accelerate time to market in ways that were not previously available. Our goal is the frictionless onboarding of new customers within 24 hours, and Snowflake’s Data Cloud puts that right at your fingertips.

In addition to providing a faster and more secure experience, the collaboration with Snowflake allows Northern Trust and EDS to quickly update or change data elements and layout, making the solution agile and responsive. individual clients.

“Our data science solutions combined with Snowflake’s core data sharing and privacy capabilities enable customers to access data insights at new levels of security and speed,” said Greg McCall, president of Snowflake. ‘Equity Data Science. “An offering of this standard is new to the industry and has the power to change the way institutions use their own data. ”

“We are delighted to support Northern Trust and Equity Data Science as they leverage Snowflake’s financial services data cloud to advance investment data science in the financial services industry,” said Matt Glickman, Vice President and Global Head of Financial Services at Snowflake. “Northern Trust joins a growing list of big names in the industry who are embracing Snowflake to help them thrive in the new data economy, while continuously maintaining standards of security and governance in this competitive environment. ”

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset services, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2021, Northern Trust had assets in custody / administration of US $ 15.8 trillion and assets under management of US $ 1.5 trillion. For over 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, head office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA. Please read our global and regulatory information.