Mumbai: Edelweiss Asset Management Company Ltd. (Edelweiss AMC) has advanced its digital journey through a large-scale AI Transformation powered by Snowflake’s AI Data Cloud. The initiative has streamlined operations, improved investor services, and cut data warehousing costs by 50%.
By partnering with NuSummit and deploying Snowflake’s cloud-native infrastructure, Edelweiss AMC integrated fragmented databases into a single data ecosystem.
This modernization has accelerated Net Asset Value (NAV) and benchmark reporting, reduced compliance complexity, and provided real-time access to structured and governed data across departments including finance, risk, compliance, sales, and client servicing.
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The Edelweiss AMC AI Transformation also enabled automation for tech and data engineering teams, powering advanced analytics and AI models. Leadership now benefits from near-instant insights, driving data-backed decisions that enhance investor trust and regulatory compliance.
Operational Efficiency and Cost Optimization
With Snowflake’s query optimization and parallel processing, Edelweiss AMC reduced end-of-day processing from 8 hours to less than 2 hours, while management information system (MIS) reports are now available five hours earlier than before. Beginning-of-day reconciliations are also faster, ensuring smoother workflows.
Snowflake’s pay-as-you-use model has significantly optimized storage and computing resources, resulting in a 50% reduction in data warehousing expenses. Its compute-storage separation ensures high system responsiveness during peak loads, further strengthening innovation capacity.
Enhanced Security and Compliance in Edelweiss AMC AI Transformation
The AI Data Cloud supports Edelweiss AMC with advanced governance and security. Features such as governed data sharing, IP-based access controls, and column-level encryption using company-managed keys safeguard sensitive personal and financial data. This framework ensures compliance with stringent domestic and global regulatory requirements while minimizing operational risks.
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The secure environment also facilitates near-real-time data collaboration with external partners, replacing static reporting with dynamic data-driven engagement.
Future Outlook: Expanding AI in Asset Management
As part of its ongoing Edelweiss AMC AI Transformation, the company will expand the use of Snowflake’s AI features, including Cortex AI, large language models, and Snowpark ML. These capabilities will support predictive modeling for fund flow forecasting, liquidity planning, and risk management, while enabling personalized recommendation engines to elevate investor engagement and cross-selling opportunities.
Suraj Prakash, Chief Technology Officer at Edelweiss AMC, said the transformation has provided “a secure, unified, and scalable platform foundational to our data and AI strategy,” significantly boosting agility, productivity, and personalized investment planning.
Vijayant Rai, Managing Director—India, Snowflake, emphasized that the collaboration helps Edelweiss set “a new industry benchmark in the AMC market” by embedding intelligence into its business processes.
