Financial institutions (FIs) have a long history of dealing with strict regulations around sensitive data. The industry was also one of the very first to recognize the potential significance of data to operations. This led to conflicting forces: the urge to hold sensitive data in highly secure, on-premises databases owned and managed by the organization’s IT and security teams versus the drive to move critical data to a centralized cloud store to cut costs, increase scalability and, most importantly, better enable analysis and insight.ALTR and Snowflake resolve this by helping FIs comply with the strictest financial regulations while also making dataavailable across the business. Together we enable firms of all sizes to follow the Cloud Data Management Capabilities(CDMC) framework for protecting sensitive data in a cloud/hybrid cloud environment. ALTR automates away the configuration and enforcement of access, data masking, usage limits, and tokenization policy so you can spend less time worrying about data and more time making data work for you, all seamlessly integrated with Snowflake.
Personalize Customer Experiences with a 360 View
Serving financial customers is about customizing their experience, leveraging a complete view of the customer on a single platform to power analysts, data scientists and applications. Inevitably PII and PFI will be used togetherto provide services and products that lead to customer growth. ALTR helps you automate and scale access to and protection of your customers’ data without having to write, test, and maintain intricate policies.• By extending ALTR’s security and governance layer to newly migrated Snowflake Data Cloud, FIs can feel comfortablewith analysts and data scientists accessing data in Snowflake.• Without ALTR, FIs would have to manually replicate the highest levels of protections using Snowflake’s code-basedgovernance and security features. ALTR automates these tasks away and streamlines data protection whereverit needs to go within the organization.
Automate Enterprise-wide Data Governance
Moving to the Data Cloud can help FIs meet regulatory requirements, while sharing live access to data through a single platform. Snowflake Data Cloud is CDMC- compliant, and with ALTR as a PCI DSS Level 1 Service provider that is Soc 2Type 2 certified and highly available across multiple regions, you can automate away policy enforcement headachesand make enterprise-wide data governance, once a just a goal, a reality.