AFTAs 2022: Best data management initiative—Northern Trust

Project: Data Warehouse Solutions (DWS)

    • WatersTechnology Staff
  • LinkedIn  
  • Save this article
  • Print this page  

Overview

DWS is Northern Trust’s data-as-a-service product. It was built in partnership with Snowflake and provides zero-touch deployment that automatically replicates strategic data tables/schemas for each client situation. 

What problem does it solve?

A true data offering needs to take on data management and allow for the consolidation and normalization of data from multiple sources without the need for cumbersome upgrades and disruptions. DWS can de-couple applications and data to deliver a data service that tailors to clients’ specifications while addressing more complex client needs, such as geographical restrictions, security, variety of data dimensions and timeliness of data availability.

“Data is the lifeblood of any investment organization. Data Warehouse Solutions leverages one of the industry’s most promising technologies to deliver the scalability, flexibility and accountability institutional investors need from their data if they want to compete in an increasingly digital world.”
Paul d’Ouville, head of technology servicing and solutions delivery, Northern Trust

How does it solve the problem?

Northern Trust’s DWS leverage’s Snowflake’s cloud ecosystem. The offering is source-agnostic and can consume any combination of sources, including from other providers. DWS also leverages a multi-tenant core enterprise environment that interacts with client-specific single-tenant instances of the data, which can be consolidated, normalized or customized according to clients’ specifications. It also allows for post-processing data certification, governance, controls and quality metrics.

Future developments 

To further build out the product, Northern Trust will look to implement additional instances with other cloud providers, grow its ecosystem of third-party providers mapped to the solution, and expand outputs from its current use of Snowflake Accounts and integration with data tools to include custom portals, analytical applications, and datafeeds to client-side technology.

Why they won

The best data management initiative category in the annual AFTAs is one of the most highly sought-after for obvious reasons: Every capital markets firm, no matter how large and sophisticated, has data management challenges in some shape or form. Northern Trust’s DWS initiative is a worthy winner this year, leveraging Snowflake’s cloud ecosystem and resulting in a data warehouse that is flexible, source-agnostic and—crucially—can be tailored to each client’s specific needs.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Copyright Infopro Digital Limited. All rights reserved.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@waterstechnology.com

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@waterstechnology.com

More on Awards & Rankings

AFTAs 2024: All the winners

Here are the winners of the 27 categories in the 2024 American Financial Technology Awards. This year's multi-category winners are JP Morgan Asset and Wealth Management, Morgan Stanley, TCW Group and Northern Trust.

SimCorp back to its winning ways

What separates SimCorp’s Ibor from similar offerings across the buy side, and its foundational role in the creation of the firm’s recently unveiled investment management platform, SimCorp One.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here