The collaboration will provide Pershing X clients with access
to more powerful analytics and faster data management
NEW
YORK, April 10, 2023 /PRNewswire/ -- 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."
Media Contact
Liz Ozaist
Email: Elizabeth.Ozaist1@bnymellon.com
Phone: +1 347-528-3559
ABOUT PERSHING X
Pershing X is BNY Mellon | Pershing's
start-up business unit focused on delivering the most interoperable
and data-driven suite of advisory tools in the wealth management
industry. Pershing X technology is designed to create an effortless
and intuitive experience that is integrated with multiple leading
custodians. This allows wealth management professionals to focus
their time on the business of advice, not technology, so they
maximize efficiency and optimize the experience for every client.
Additional information is available on pershingx.com.
ABOUT SNOWFLAKE
Snowflake enables every organization
to mobilize their data with Snowflake's Data Cloud. Customers use
the Data Cloud to unite siloed data, discover and securely share
data, and execute diverse analytic workloads. Wherever data or
users live, Snowflake delivers a single data experience that spans
multiple clouds and geographies. Thousands of customers across many
industries, including 573 of the 2022 Forbes Global 2000 (G2K) as
of January 31, 2023, use Snowflake
Data Cloud to power their businesses. Learn more at
snowflake.com.
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SOURCE Pershing, LLC