BNY Mellon's Pershing X Partners Taps Snowflake to Power Its Data Offerings

Pershing X, a business unit and technology provider of BNY Mellon | Pershing, has partnered with Snowflake, a cloud computing–based data cloud company based in Bozeman, Montana, to introduce the Snowflake Data Cloud to its suite of data offerings for customers.

Along with creating an advisory platform that will integrate an investor's financial picture into a single data-driven system, Pershing X is expanding its independent data services to wealth management firms. By utilizing the Snowflake Financial Services Data Cloud, Pershing X will enable clients to access their data more quickly and efficiently manage, collect, and report their data.

Ainslie Simmonds, President at Pershing X, said: "Pershing X is working to increase productivity in the financial services industry. Our collaboration with Snowflake will boost our data performance speed, improving the digital experience for our clients so they can operate more efficiently."

Christian Kleinerman, Senior Vice President of Product at Snowflake, said: "We look forward to working with Pershing X to empower customers to take ownership of their data. 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."

Bridget Engle, Chief Information Officer and Head of Engineering at BNY Mellon, added: "BNY Mellon is leveraging the power of engineering and innovation to advance data and analytics products for clients. Leveraging Snowflake's capabilities will allow us to accelerate our time to market with Pershing X's leading cloud-based data platform."

In addition to the collaboration with Snowflake, Pershing has also enhanced its platforms over the past year by integration with cutting-edge features or solutions such as ICE Connect Wealth Management Platform and Real-Time Payments.