Valid Systems, the AI powered account risk and transaction decisioning company, today announced the launch of a data integration on the Snowflake AI Data Cloud, that enables financial institutions to deploy AI and machine learning models directly within the Snowflake cloud environment for instantaneous decision making and deposit fraud mitigation. With this integration any organization currently using Snowflake will be able to gain access to Valid Systems' offerings.
Valid Systems launches integration on Snowflake AI Data Cloud for real-time fraud decisioning with machine learning models.
Valid Systems processes more than 70 million transactions monthly, guaranteeing over $6 billion in immediately available funds.
Integration enables 24/7 decisioning across entire portfolios of accounts and millions of customers.
Snowflake infrastructure provides data security, enterprise-grade governance, and comprehensive audit trails.
Smaller financial institutions and fintechs can now deploy enterprise-grade machine learning capabilities previously available only to largest banks.
Preview of integration to be unveiled at Snowflake annual summit on June 2.
"What makes our approach truly differentiated is the depth of intelligence behind every decision," said Mike Ring, Chief Technology Officer of Valid Systems. "We pair every transaction with a rich set of behavioral features, so our models see the full picture, not just the transaction in isolation. Snowflake provides the horsepower for us to process that volume of data in real time, allowing us to bring sophisticated risk intelligence to financial institutions of all sizes."
Valid Systems will leverage Snowflake's machine learning containers, processing complex machine learning models at the speed and scale required by the largest financial institutions across the country. All decision making across the Snowflake integration will have data security and enterprise-grade data governance provided by Snowflake infrastructure. Every decisioning event is backed by a comprehensive audit trail, providing compliance teams with the defensibility and transparency required in today's regulatory environment.
“Valid Systems' commitment to helping Snowflake mobilize the world's data can be seen through the launch of this integration,” said Tom Gray, Director, FSI Data Cloud Products. “We look forward to driving deeper value for Snowflake's AI Data Cloud ecosystem through collaboration with Valid Systems to run complex machine learning models, 24 hours a day, across millions of accounts through Snowflake's single, integrated platform.”
A preview of the integration will be unveiled onstage, June 2, at Snowflake's annual summit, showcasing the end-to-end efficiency of implementing Snowflake's platform using Valid Systems' data. Valid Systems will also be holding a breakfast on Wednesday, June 3 at 7am at the Marriott Marquis' The View Lounge. For your chance to join, sign up here.
To learn more about the partnership and Valid Systems' presence at the Snowflake Summit, visit here.
VALID Systems is an AI powered account risk and transaction decisioning company. Valid removes the friction caused by fraud to deliver liquidity solutions for the largest FIs in the nation. From check risk and deposit acceleration to account risk and small dollar lending, we have been providing risk management solutions for the nation's largest financial institutions and financial service providers for over 20 years.
Snowflake is the platform for the AI era, making it easy for enterprises to innovate faster and get more value from data. More than 13,300 customers around the globe, including hundreds of the world's largest companies, use Snowflake's AI Data Cloud to build, use and share data, applications and AI.
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