Snowflake’s cloud-based data warehouse offers FIS® Compliance Suite advantages over other on-premises data warehouses, including scalability, heightened performance and cost-effectiveness. Organizations are migrating their data to Snowflake with a single goal in mind, one platform for non-financial regulatory reporting, data consolidation, business intelligence operations and machine learning opportunities.
FIS replaced legacy technology with Snowflake technology, leading to substantial cost savings and performance improvements. With less than 20% of the compute power, the execution speed improved by at least 2.5x across the board and in some cases, jobs ran more than 20x faster. The FIS and Snowflake partnership has delivered major improvements in the FIS client experience. The results demonstrated are lower operational overheads, reduced maintenance requirements and licensing costs and the ability to reach a broader market aided by deeper functionality.