Northern Trust Corporation announced at Snowflake?s annual user conference, Snowflake Summit 26, that it is a founding member of the Financial Services Working Group under Open Semantic Interchange (OSI). OSI is an open source initiative designed to help organizations work from shared, consistent data definitions. Convening financial institutions and technology partners, the OSI Financial Services Working Group will focus on harmonizing this fragmented data through an open, industry-neutral semantic model framework.
This specialized effort ensures that proprietary institutional data and third-party market intelligence share a consistent logical layer, enabling AI agents to navigate with precision, grounding, and scale that is essential for the Agentic Era. Through its participation, Northern Trust Corporation is helping advance shared data standards to improve interoperability across the financial ecosystem and support a common understanding among institutions, clients, and technology providers. OSI is poised to transform interoperability within the data and AI ecosystem by providing a transparent, community-driven standard.
This collaborative effort under the OSI umbrella establishes the grounded context essential for the next frontier on innovation.
Snowflake Inc. is an artificial intelligence (AI) data cloud company. The Company provides a platform which powers the AI data cloud, enabling customers to consolidate data into a single source of truth to drive insights, apply AI to solve business problems, build data applications, and share data and data products. Its cloud-native architecture includes three independently scalable but logically integrated layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The cloud services layer enables users to securely use AI within applications, tools, and processes. Its platform supports a wide range of product categories for customers’ business objectives, including analytics, data engineering, AI, applications and collaboration.
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