"On Thursday, data platform Snowflake announcde its own Model Context Protocol (MCP) Server, in keeping with the quick trend Anthropic set with the protocol last spring. The company also announced a new package of AI tools specifically geared toward financial services, allowing them to develop AI agents safely and securely. Also: How Snowflake's new tools turn business analysts into AI developers"
"AI systems, especially agents, are only as effective as the data to which they have access. Financial institutions have sensitive proprietary data about clients, trades, and transactions -- keeping that secure while also leveraging it for automating tasks, fraud detection, analysis, and more can be a delicate process. "Embedding AI in financial services requires a dual approach: making the technology deeply understand the business and making it easily accessible to everyone while maintaining trust and security," Snowflake said in a blog post."
Snowflake introduced a Model Context Protocol (MCP) Server and a tailored AI package for financial services as extensions of its Cortex AI suite. The MCP Server enables secure connections between LLMs and previously siloed or proprietary data sources and is available in public preview to connect Snowflake AI with external agents. Cortex AI for Financial Services combines agents, data querying, analysis, and partnerships with frontier models to help banks and firms automate tasks, detect fraud, and analyze transactions. Snowflake emphasizes balancing deep business understanding, broad accessibility, and maintained trust and security.
Read at ZDNET
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