Stripe Launches Data Pipeline to Syncs Data with Amazon Redshift and Snowflake Data Cloud

Stripe, a financial infrastructure platform for businesses, today announced the release of Stripe Data Pipeline, a tool for Stripe users who store data with Amazon Redshift or Snowflake Data Cloud.

Data Pipeline syncs Stripe data and reports with Amazon Redshift or Snowflake Data Cloud, where they can be queried in combination with other business information. Businesses can use their consolidated data to speed up their financial close and automate reporting to better identify key insights about their business, like their best performing payment methods or their optimal fraud modeling approach for a given region.

"Stripe's data quality is above anything we've seen from other payment service providers. We're thrilled that we can now access accurate and complete Stripe data directly in Snowflake Data Cloud, without having to lean on a third-party pipeline," said Saket Rai, senior director and head of data at Lime.

"Stripe data in Amazon Redshift and Snowflake Data Cloud has been a top Stripe user request. With Data Pipeline, we're helping our users set up a direct and reliable pipeline in mere minutes," said Vladi Shunturov, product lead at Stripe.

"Customers need secure, reliable, fast, and integrated analytics at scale without building complex data pipelines or moving and copying data around, and we're excited to work with Stripe on the Stripe Data Pipeline that is built with Amazon Redshift. Data Pipeline enables customers to automatically share complete, up-to-date payments data with data in their Amazon Redshift data warehouses, and take their business analytics and reporting to the next level," said Rahul Pathak, vice president of analytics at Amazon Web Services, Inc. (AWS).

Data Pipeline also provides value to marketing, product, security, and sales teams. ChowNow's security team uses Data Pipeline to improve its fraud detection by assessing fraud signals, like chargebacks, from every restaurant it serves.

"The introduction of Data Pipeline allows our joint customers to leverage Snowflake Secure Data Sharing to increase the value derived from payment data. Customers can seamlessly and securely join their payment data with other operational data to create a more holistic view of their business" said Christian Kleinerman, senior vice president of product at Snowflake.

Data Pipeline is currently available to Stripe users in the US who use Amazon Redshift or Snowflake's Data Cloud. Businesses can also use Stripe Sigma to pull insights from their Stripe data directly in the Stripe Dashboard.