Risk and Compliance factors in moving to the cloud for EU based financial institutions – Martin Clough & Adarsh Mahesan Shyna, Nordea

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Session Outline

Nordea has seen immense success migrating their financial and regulatory reporting data warehouses onto the Snowflake Data Cloud in a record 12 months. This platform with over one petabyte of data today, drives greater agility in Regulatory and Financial reporting, Liquidity reporting, and business analytics within the bank and opens up new avenues of collaboration both internally and externally using various cloud and Snowflake features.

This presentation focuses on the risk and compliance factors that resulted in the first major use case for Scandinavia’s largest bank’s move into the cloud.

Key Takeaways

  • Large data warehouse migration challenges to the cloud
  • The top risk and compliance factors in a migration to the public cloud
  • Future data architecture practical considerations

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