AlpacaTech Inc., a subsidiary of FOLIO Holdings, Inc., an SBI Group company that provides innovative financial solutions, is pleased to announce that it has begun providing investment trust data held by NTT DATA EBIC Corporation on the Snowflake Marketplace.
This initiative to provide investment trust data to the Snowflake Marketplace is the first of its kind in Japan. This initiative, conducted in collaboration with Minkabu the Infonoid Co., Ltd. and its subsidiary Minkabu Solution Services Co., Ltd., will enable companies and institutional investors to easily obtain the latest investment trust data and perform sophisticated market analysis based on a wider range of data. In addition, data usage fees are set according to the number of investment trusts, so it is possible to start with small-scale data usage.
Snowflake, a cloud-based data platform provided by Snowflake Inc., is currently being adopted as a data warehouse by a variety of business companies, including financial institutions, research institutes, and consultants, and sample data will be available for easy evaluation on the Snowflake Marketplace. This initiative will enable companies and institutional investors to access solid and timely mutual fund data to enhance data-driven decision-making.
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AlapcaTech also has professional staff with in-depth knowledge of Snowflake, and as a Snowflake select partner with a proven track record of building data infrastructure using the product, it provides a wide range of support, from building data infrastructure to its utilization.
SOURCE: PRTimes