Virtual Private Snowflake (VPS) delivers the security, performance, scalability and single source of truth that financial services enterprises demand to advance their business.
San Mateo, CA /PRNewswire/ - Snowflake Computing, the only data warehouse built for the cloud, today announced Virtual Private Snowflake (VPS) — the ideal solution for industries such as financial services that demand the highest level of security. VPS is the most advanced edition of Snowflake. It delivers the most secure solution so financial services enterprises can easily and efficiently derive all the insight from all their data. Thanks to VPS, financial services companies can experience the most innovative architecture the cloud has to offer, with the administrative controls required by large enterprises.
To gain insight from their data, financial services enterprises face the same technology challenges as other industries. In addition, they operate in a regulated environment that demands the highest level of data security:
Virtual Private Snowflake includes the following features to ensure the highest security for any data warehouse or big data platform:
In addition, since VPS is a version of Snowflake, financial services enterprises also get the six defining qualities of the no. 1 cloud data warehouse:
Data sharing – Snowflake extends the data warehouse to the Data Sharehouse™, with direct, governed and secure data sharing within seconds so enterprises can easily forge one-to-one, one-to-many and many-to-many relationships
"Financial services enterprises are IT companies, so data is at the center of their business. But similar to other industries, data analysis in financial services is hindered by costly and inflexible tools available on-premises or in the cloud," said Snowflake Computing CEO Bob Muglia. "A built-for-the-cloud data warehouse is a game changer, providing the flexibility and scale to meet the needs of the large financial services enterprises. Virtual Private Snowflake is the only data warehouse that takes full advantage of the cloud while delivering the security financial services require."
Snowflake's unique architecture enables financial services to store all their data from all their business units in one centralized location, while easily and securely managing data access across the entire organization. In addition, enterprises can scale up and down automatically, and also scale unlimited concurrency via Snowflake's multi-cluster architecture without impacting performance. With Snowflake, financial services enterprises get deeper insights to quickly deliver more innovative products and services to their customers.
"New technologies and capabilities are making it easier than ever to handle vast amounts of data, manage it in real time, and process it in sophisticated ways. This presents tremendous new opportunities in financial services to deliver breakthrough customer experiences," said Capital One Vice President of Data Engineering Linda Apsley. "We are an early adopter of VPS because it gives us the ability to process data at lightning fast speed and deliver automated, intelligent solutions to our customers in real time. In addition, it provides the administrative capabilities we need as a large enterprise."
To read about Capital One's investment in Snowflake's Series D round of growth funding, click here. To read Bob Muglia's blog about Snowflake's VPS announcement, click here. To gain industry insight into why financial services enterprises demand a modern cloud data warehouse with the highest level of security, click here. You can also learn about the Snowflake features and benefits to protect enterprise sensitive data by clicking here.
About Snowflake Computing
Snowflake is the only data warehouse built for the cloud. Snowflake delivers the performance, concurrency and simplicity needed to store and analyze all data available to an organization in one location. Snowflake's technology combines the power of data warehousing, the flexibility of big data platforms, the elasticity of the cloud, and live data sharing at a fraction of the cost of traditional solutions. Snowflake: Your data, no limits. Find out more at snowflake.net.
SOURCE: Snowflake ComputingCopyright 2017 PR Newswire. All Rights Reserved