Case Study

BANKING ON BIG DATA: SNOWFLAKE ENABLES SAXO BANK TO GROW IN SIZE AND AGILITY

BANKING ON BIG DATA: SNOWFLAKE ENABLES SAXO BANK TO GROW IN SIZE AND AGILITY

Pages 2 Pages

Saxo Bank is a Danish investment bank and financial technology (FinTech) firm specializing in online trading and investment. Founded in 1992, Saxo has grown from a brokerage to a full investment bank by offering trading services to individual investors through its online platforms, as well as providing white-label trading platforms to more than 120 financial institutions around the world. STORY HIGHLIGHTS: Existing on-premises database unable to scale as needed, creating potential limitations in future growth. Snowflake’s solution allows for instant, elastic scaling with near-zero management. Cloud foundation enables more agile development of applications and services and faster ROI. CHALLENGE: Big data for a more agile business Since 1992, Saxo Bank has operated an on-premises d

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