Snorkel AI Partners with BNY to Accelerate Predictive AI Model Development
Snorkel AI has entered into a strategic partnership with BNY, aiming to enhance the global financial services firm’s capabilities in turning unstructured data into actionable insights and solutions. This agreement will provide BNY with advanced software, expert knowledge, and insights to accelerate AI model development.
Snorkel AI is leading the way in transforming AI data development, moving companies from legacy manual processes to a more programmatic and scalable approach. This shift enables more cost-effective, secure, and scalable AI model creation.
“Tech innovation is crucial to BNY’s strategy of improving client services, operational efficiency, and company culture,” said Sarthak Pattanaik, Head of AI Hub at BNY. “We are excited to collaborate with Snorkel AI, leveraging their expertise in unstructured data to deliver fast, secure, and resilient solutions for our clients and the market.”
Alex Ratner, CEO of Snorkel AI, added, “Snorkel has been embraced by many of the largest US banks due to our ability to streamline manual tasks such as data curation, tagging, and annotation. This collaboration with BNY will accelerate their AI initiatives, enhancing efficiency, productivity, and insights.”
Resources
- Join Snorkel’s weekly demo
- Request a free custom model evaluation from Snorkel experts
- Learn how to improve RAG with Snorkel Flow
- Contact Snorkel
Founded in 2015 as part of the Snorkel research project at Stanford AI Lab, Snorkel AI has been at the forefront of programmatic AI data development. The company’s innovations, developed in partnership with industry leaders such as Apple and various government sponsors, have significantly accelerated AI application development. Snorkel Flow, their enterprise AI data development platform, is a testament to this progress. Snorkel AI’s work is backed by over 100 peer-reviewed research papers and is utilized by Fortune 500 companies including BNY, Wayfair, and Chubb, as well as various federal government agencies. The company operates out of San Francisco, New York, and London.
BNY, the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK), is a global leader in financial services, managing, moving, and safeguarding assets for clients worldwide. With 240 years of experience, BNY supports over 90% of Fortune 100 companies and nearly all top 100 banks, along with governments and pension plans. As of June 30, 2024, the firm manages $49.5 trillion in assets under custody and/or administration and $2.0 trillion in assets under management. Headquartered in New York City, BNY employs over 50,000 people globally and is recognized among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators.
