Edelweiss Asset Management Company Ltd. has embarked on a major modernization of its data infrastructure, powered by Snowflake’s AI Data Cloud. The initiative is designed to boost operational agility, transform investor experiences, and deliver significant cost savings, and most notably reducing data warehousing spend by 50%.
Challenges Faced by Edelweiss AMC
Before implementation, Edelweiss AMC was struggling with legacy OLTP databases, fragmented data silos, reporting delays, and the slow integration of new data sources. These limitations affected timely regulatory reporting, compliance, risk management, and the ability to leverage advanced analytics and AI in decision-making.
The Solution Offered by Snowflake
Working in partnership with NuSummit, Edelweiss unified all data into a single, cloud-native environment using Snowflake’s AI Data Cloud. This allowed structured, governed data to be accessible across teams, including risk and compliance, finance, sales, and client reporting. It also enabled automation of processes and faster deployment of analytics and AI models, while ensuring strong security and governance.
Outcomes and Impact
- Faster Processing Times: End-of-Day (EOD) processing dropped from 8 hours to under 2 hours; MIS reports are ready 5 hours before business hours. Beginning-of-Day (BOD) workflows also sped up, improving reconciliations and operational smoothness.
- Cost Efficiency: By separating compute and storage, optimizing cloud storage, and adopting Snowflake’s pay-as-you-use model, the company halved its data warehousing costs.
- Improved Decision-Making: Real-time insights now inform leadership decisions more rapidly. Investor trust is enhanced, compliance processes are streamlined, and personalized investor experiences are enabled.
Security, Governance and Future Vision
Snowflake’s robust features, including governed data sharing, data clean rooms, IP-based access controls, and column-level encryption with Edelweiss’s managed keys, help meet stringent regulatory requirements and protect sensitive financial and personal information.
Looking ahead, Edelweiss AMC plans to use Snowflake’s integrated AI tools (Cortex AI, large language model support, Snowpark ML) to build predictive models (e.g. fund flow forecasting, liquidity optimization), strengthen risk management, and deliver personalized recommendations to investors.
Customer Testimonial
“Technology is the engine that powers our business transformation, allowing us to stay innovative and strengthen our industry leadership. Migrating to Snowflake has been a transformative step for Edelweiss AMC, providing us with a secure, unified, and scalable platform foundational to our data and AI strategy. We have significantly boosted our team’s agility and productivity by enabling data-driven decision-making across the organization. This has allowed us to focus on personalized investment planning for our customers, fortify our partnerships, and reduce costs,” said Suraj Prakash, Chief Technology Officer, Edelweiss AMC.
Partner Testimonial
“We are proud to enable Edelweiss AMC to create a modern investor experience backed by an intelligent data foundation. By providing seamless AI/ML integration, governed data sharing, and scalability, Snowflake is helping Edelweiss embed intelligence into its core business processes, driving growth, competitiveness, and superior service delivery. We are excited to support Edelweiss AMC in setting a new industry benchmark in the AMC market,” said Vijayant Rai, Managing Director—India, Snowflake.
