The Star Secure Data Access Solution, Powered by Snowflake, streamlines compliance procedures and increases conflict-of-interest detection’s speed and precision.
A pioneer in compliance technology solutions, StarCompliance (“Star”), has introduced Star Secure Data Access, Powered by Snowflake. With the help of the solution, Star’s clientele will have controlled access to information, resources, software, and services that facilitate an easier compliance procedure. As a result, there will be a lower chance of regulatory violations and financial penalties, and conflict-of-interest identification will be quicker and more accurate.
“Building the Star Secure Data Access solution on Snowflake is a major milestone in the evolution of our company and supports our global leadership position, as we continue to drive business growth and develop innovative product offerings,” said Jennifer Sun, Star’s CEO. “Our customers now have unprecedented access to data, tools, applications, and services that simplify their compliance processes and reduce the risk of reputational damage.”
The Star Secure Data Access solution will be integrated with Star’s future-proof platform, giving customers safe access to data kept in the StarCompliance family of products. Clients will be able to work together both locally and internationally, gaining fresh insights and facilitating seamless communication between departments and with the organization’s ecosystem of partners, suppliers, and clients.
With more than 20 years of expertise in the development of customizable compliance technology, Star supports over 800,000 users in a wide range of business and financial services sectors. Financial businesses may decrease risk, improve efficiency, and increase employee compliance programs’ uptake with the aid of Star’s scalable and user-friendly employee conflicts of interest monitoring platform.
“We’re excited to partner with Star given its role in the compliance industry and the streamlined compliance process our customers will be able to achieve by leveraging the governed access to data, tools, applications, and services,” said Rinesh Patel, Global Head of Financial Services at Snowflake. “The Snowflake Data Cloud will provide Star and its customer base with secure data-sharing solutions that will enable business-critical outcomes while preserving privacy.”
Snowflake powers apps that are industry leaders. By constructing on Snowflake, product, and engineering teams are able to create, expand, and run their applications without experiencing operational burdens, providing customers with unique products. Builders that participate in the Powered by Snowflake initiative have access to tools that will support the development, promotion, and management of their applications on the Data Cloud.
