Asset managers will benefit from improved efficiency through direct data. Image: Miha Creative/Shutterstock.

Clearwater Analytics, a SaaS-based investment management and analytics solutions provider, has partnered with AI Data Cloud solutions provider Snowflake to enhance data collaboration and AI capabilities for asset managers.

This alliance will integrate Clearwater data, including its investment data management solution Prism, with Snowflake’s AI Data Cloud.

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The move is expected to simplify the process for institutional asset managers and owners in utilising their data more effectively.

Snowflake Wealth & Asset Management head Chris Napoli said: “Bringing Clearwater Analytics data into the AI Data Cloud ecosystem has the potential to deliver tremendous value to asset managers and asset owners everywhere.

“This collaboration opens up vast volumes of investment management data. Building on Snowflake’s single, integrated platform, Clearwater can provide customers with the ability to derive powerful insights to answer relevant questions about their portfolios and grow their business.”

The collaboration will allow clients to build applications on Clearwater’s datasets through the Snowflake Marketplace. This provides seamless access to Clearwater’s comprehensive data, improving the end-to-end investment management process.

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Asset managers will benefit from improved efficiency through direct data access without the need to create a data copy.

Additionally, the use of Clearwater Platform and Snowflake Cortex AI will enable natural language queries, enhancing AI tools for clients.

The partnership also offers streamlined reporting capabilities, ensuring timely regulatory, client, and investment reports are generated from consistent and governed data sets.

Clients can now connect directly to their data via Snowflake instances and benefit from the expertise of AI digital specialists for investment accounting and compliance assistance.

Clearwater Analytics chief product & technology officer Souvik Das said: “Clearwater Analytics has a proven track record of guiding institutional investors with best-in-class technology and services that simplify the entire investment management lifecycle.

“With our ongoing commitment to innovation and this strategic collaboration with Snowflake, our global community can now access their investment data, extract actionable insights, and capitalise on opportunities in an entirely new way.”