DIGITAL BANKING
though Lynn emphasises the deliberate nature of their AI deployment strategy.
“ We always come back to our principles of market integrity and transparency. When you stick to your core principles, the use cases will follow,” Lynn says.
“Complexity creates cost. Simplicity drives results”
SRIDHAR RAMASWAMY, CEO, SNOWFLAKE
CREDIT: SNOWFLAKE
Financial services firms demonstrate measurable returns from targeted AI implementations NYSE’ s approach reflects a broader trend across financial services, where firms are moving beyond experimental AI projects towards implementations that deliver measurable business results. Chicago Trading Company achieved 54 % cost savings worth millions of dollars annually by consolidating transformation workloads to Snowflake using Snowpark, which demonstrates the kind of efficiency gains that justify infrastructure investments.
Sridhar Ramaswamy, Snowflake’ s CEO, says these implementations validate his view that enterprise AI requires robust data foundations rather than standalone applications. He emphasises that the complexity of modern business operations demands simplicity in technology solutions, particularly when organisations are dealing with mission-critical applications like market surveillance.
“ Complexity creates cost. Complexity creates friction and makes it harder to get the job done. Whereas simplicity drives results,” Sridhar says.
His company’ s platform now supports thousands of customers sharing
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