Snowflake Unveils Cortex AI for Financial Services: Enterprise-Ready AI Built to Scale

Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced Snowflake Cortex AI for Financial Services, a comprehensive suite of AI capabilities and partnerships that empower financial services companies to unify their financial data ecosystem and securely deploy AI models, apps, and agents with that data — while offering rigorous security and compliance controls required in regulated industries.

Snowflake also announced a new managed Model Context Protocol (MCP) Server (now in public preview), enabling organizations to easily and securely harness their own proprietary data and third-party data in Snowflake from partners including FactSet, MSCI, Nasdaq eVestment^®, and The Associated Press. Customers will then be able to leverage this managed MCP Server to connect their data with apps and agent platforms like Anthropic, CrewAI, Cursor, Devin by Cognition, Salesforce’s Agentforce, UiPath, and Windsurf, to build context-rich AI agents and apps. With these innovations, customers across financial services and other industries can rapidly deploy trusted AI through solutions that are purpose-built for their specific needs, while providing the broader industry with seamless, secure connectivity across their data and AI ecosystems.

“The financial services industry has long been a leader in embracing new technology, and AI is no exception. However, the industry faces unique challenges in navigating fragmented data, robust compliance requirements, and the need for airtight security and governance,” said Baris Gultekin, VP of AI, Snowflake. “By bringing AI directly to where their data already lives and enabling secure interoperability with remote agents, Snowflake is making it easier for highly regulated industries like financial services to power business-critical use cases and tap into a unified ecosystem of best-of-breed data, AI, and apps.”

Introducing Cortex AI for Financial Services

Cortex AI for Financial Services enables enterprise-ready agents to accelerate complex financial tasks — including market analysis, quantitative research, fraud detection, customer support, and claims management — saving enterprises time, reducing operational costs, and delivering faster insights. Snowflake’s MCP Server extends this capability by enabling industry-wide interoperability, securely connecting to Snowflake data, as well as third-party data and apps.

The Cortex AI for Financial Services ecosystem offers high-quality, trusted data from leading financial data providers and publishers that organizations can seamlessly integrate with their AI apps and agents — including structured data providers like CB Insights, Cotality™, Deutsche Börse, MSCI, and Nasdaq eVestment^® through Sharing of Semantic Views (generally available soon); and unstructured data publishers like CB Insights, FactSet, Investopedia, The Associated Press, and The Washington Post through Cortex Knowledge Extensions (now generally available). By combining industry-specific data from leading financial institutions and publishers — such as market analysis, expert research, business content, and news — with their own proprietary data in Snowflake, financial services companies can get deeper insights, accuracy, and results from their AI.

Within the Cortex AI for Financial Services suite, the following product features empower finance professionals to accelerate business-critical use cases, including:

• Complex Machine Learning Workflows: Financial services firms rely on data scientists for risk modeling, forecasting, trading analytics, and compliance, but much of their time is spent on data preparation and repetitive coding. Snowflake Data Science Agent acts as an AI coding agent, automating data cleaning, feature engineering, model prototyping, and validation so teams can move from raw data to production-ready models faster. This means automating and streamlining models that underpin quantitative research, fraud detection, customer 360, and underwriting workflows.
• Analysis of Unstructured Data: Financial institutions sit on mountains of unstructured data such as market research, earnings call transcripts, and transaction details that require manual review or complex ETL before analysis. With Snowflake Cortex AISQL (in public preview) adding functions like AI-powered extraction and transcription (in public preview), users can efficiently process and get insights from documents, audio, and images at scale — transforming end-to-end workflows like customer service, investment analytics, claims management, and next-best action.
• Easy Access to Flexible Insights: While Data Science Agent and Cortex AISQL accelerate workflows for technical and research teams, Snowflake Intelligence (in public preview) offers business users an intuitive conversational interface to gain insights using natural language from data stored in Snowflake, as well as third-party data, apps, and agents — allowing users to quickly uncover actionable insights from both structured tables and unstructured documents. This democratizes access to data and insights across financial institutions, and eliminates the technical overhead that slows down business decision-making.

Snowflake MCP Server Extends to All Industries for Connected, Interoperable AI

AI agents extend the capabilities of large language models (LLMs) by interacting with external tools, completing complex workflows, and understanding the broader context of an organization. However, connecting these AI agents to existing enterprise systems has presented challenges, often requiring teams to spin up customized solutions for each integration, which slows down AI adoption. MCP has emerged in recent months as a solution to this problem, providing a standardized way for LLMs to integrate with data, APIs, and services. With the introduction of Snowflake MCP Server, enterprises can:

• Enable MCP Server to connect with tools built on Snowflake: Snowflake MCP Server connects Cortex Analyst and Cortex Search to external AI agents through a standards-based MCP interface, unifying structured and unstructured data retrieval. This simplifies enterprises’ application architecture and eliminates the need for custom integrations — accelerating the delivery of context-rich AI apps and agents.
• Access proprietary and third-party data shared on Snowflake with external tools: With Snowflake MCP Server, remote agents can now connect with Snowflake data — as well as third-party data shares from Snowflake Marketplace through Cortex Knowledge Extensions — enabling interoperability with the broader AI ecosystem.

Sharing of third-party data is now possible alongside tools, apps, and data sources that enterprises are already using, without sacrificing security or governance. Snowflake MCP Server can be used to connect with a variety of agentic apps and platforms, including Anthropic, Augment Code, Amazon Bedrock AgentCore, Azure AI Foundry, CrewAI, Cursor, Devin by Cognition, Glean, Kumo, Mistral AI, Salesforce’s Agentforce, UiPath, Windsurf, Workday, and WRITER.