Edelweiss Asset Management Company (Edelweiss AMC) has partnered with Snowflake to modernize its data architecture, leveraging Snowflake’s AI Data Cloud to improve risk management, security, and regulatory reporting. Prior to this partnership, Edelweiss AMC was using legacy databases and fragmented data silos, which led to reporting delays and slow integration of new data sources.
With Snowflake, Edelweiss AMC has unified its data into a single, cloud-native environment, enabling the company to manage larger data volumes and complex workloads with speed and efficiency. This has provided Edelweiss AMC with a more unified view of customer behavior and needs, allowing teams to respond dynamically and deliver personalized investor experiences.
The company plans to leverage Snowflake’s integrated AI features, such as Cortex AI and Snowpark ML, to embed intelligence directly into business processes and automate workflows. According to Suraj Prakash, Chief Technology Officer at Edelweiss AMC, migrating to Snowflake has been a transformative step, providing a secure, unified, and scalable platform that has significantly boosted the team’s agility and productivity.
In the future, Edelweiss AMC plans to use Snowflake’s AI Data Cloud as the foundation for its future AI and machine learning innovations. The company aims to build predictive models to forecast fund flow, optimize liquidity planning, and improve risk management by analyzing historical transactions and market trends. This will also enable the creation of personalized recommendation engines to enhance customer engagement and cross-sell opportunities.
Overall, the partnership with Snowflake has enabled Edelweiss AMC to modernize its data architecture, improve risk management and regulatory reporting, and enhance customer experiences. The company is well-positioned to leverage Snowflake’s AI Data Cloud to drive future innovations and growth, and to remain competitive in the asset management industry. With Snowflake, Edelweiss AMC can focus on personalized investment planning, fortify partnerships, and reduce costs, ultimately driving business success and customer satisfaction.