US-based account risk and transaction decisioning company Valid Systems has launched a data integration on the Snowflake AI Data Cloud, that enables financial institutions to deploy AI and machine learning models directly within the Snowflake cloud environment for instantaneous decision making and deposit fraud mitigation, the company said.

With this integration any organization currently using Snowflake will be able to gain access to Valid Systems' offerings, eliminating the friction of traditional data migration and the implementation processes.

Valid Systems will leverage Snowflake's machine learning containers, processing complex machine learning models at the speed and scale required by the largest financial institutions across the country.

Valid Systems has the scale to implement the new technology as it already processes more than 70m transactions monthly, guaranteeing over USD 6bn in immediately available funds every month, and enables 24/7 decisioning across entire portfolios of accounts and millions of customers.

All decision making across the Snowflake integration will have data security and enterprise-grade data governance provided by Snowflake infrastructure.

Every decisioning event is backed by a comprehensive audit trail, providing compliance teams with the defensibility and transparency required in today's regulatory environment.

As top down mandates from banks require compliance teams to better automate processes, the need for speed with defensibility becomes essential. This validation allows financial institutions to have both.

By building on Snowflake's cloud infrastructure, smaller financial institutions and fintechs that could not previously access enterprise-grade machine learning capabilities can now deploy the same tools used by the nation's largest banks.

A preview of the integration will be unveiled onstage, June 2, at Snowflake's annual summit, showcasing the end-to-end efficiency of implementing Snowflake's platform, using Valid system's data. Valid Systems will also be holding a breakfast on Wednesday, June 3 at 7am at the Marriott Marquis' The View Lounge.

VALID Systems is an AI powered account risk and transaction decisioning company. Valid removes the friction caused by fraud to deliver liquidity solutions for the largest FI's in the nation.

From check risk and deposit acceleration to account risk and small dollar lending, we have been providing risk management solutions for the nation's largest financial intuitions and financial service providers for over 20 years.

Snowflake (NYSE: SNOW) is a platform for the AI era.

More than 13,300 customers around the globe, including hundreds of the world's largest companies, use Snowflake's AI Data Cloud to build, use and share data, applications and AI. With Snowflake, data and AI are transformative for everyone.