Cardinal Analytics Launches Global Default Risk Monitor Data On Snowflake Marketplace

BELFAST, Northern Ireland - April 18, 2023 - PRLog -- Cardinal Analytics today announced that it has launched Global Default Risk Monitor Data (https://app.snowflake.com/marketplace/listing/GZSVZHJL3S/cardinal-analytics-global-default-risk-monitor) on Snowflake Marketplace (https://www.snowflake.com/en/data-cloud/marketplace/).  Global Default Risk Monitor's availability on Snowflake Marketplace will enable joint customers to assess the underlying credit risk of over 40,000 public companies on a daily basis by using Cardinal's highly accurate Probability of Default data .

Cardinal's Founder, Dr. Mark Fletcher said, "We are delighted to provide our unique data to a global community of institutional investors who use Snowflake's single, integrated platform. We have significant traction in quant funds via our data feed product, which has been delivered through File Transfer Protocol (FTP). With Snowflake, there is far less friction, which massively speeds up the whole data ingestion process."

Cardinal Analytics and Snowflake (https://www.snowflake.com/), the Data Cloud company, are working together to help joint customers inform business decisions and drive innovations by having instant access to the data they need, when they need it.  Being able to quickly access and synthesise key market data is only going to become more prominent in times of economic uncertainty.

Snowflake Marketplace is powered by Snowflake's ground-breaking cross-cloud technology, Snowgrid (https://www.snowflake.com/news/snowflake-unveils-new-perf...), allowing companies direct access to raw data products and the ability to leverage data, data services, and applications quickly, securely, and cost-effectively. Snowflake Marketplace simplifies discovery, access, and the commercialization of data products, enabling companies to unlock entirely new revenue streams and extended insights across the Data Cloud. To learn more about Snowflake Marketplace and how to find, try and buy the data, data services, and applications needed for innovative business solutions, click here (https://www.snowflake.com/data-marketplace/).

Cardinal Analytics uses proprietary machine learning models developed over a decade of research to predict the Probability of Default of public companies listed on global exchanges. Its Probability of Default data is being used by quantitative hedge funds who trade across the capital structure. On a daily basis Global Default Risk Monitor provides a Probability of Default for over 40,000 public companies globally.