Snorkel AI Enters Agreement with BNY, Accelerating AI-Based Transformations

Snorkel AI, the team pioneering programmatic AI data development, is announcing a strategic agreement with BNY Mellon, the global financial services company that helps make money work for the world, with the goal of providing BNY with the necessary expertise to transform unstructured data into actionable insights and solutions for its clients.

Snorkel AI works to help a variety of entities—including Fortune 500 enterprises and government agencies—to accelerate AI app development. They also serve to ease the transition from manual AI data development efforts to programmatic, affordable, scalable, and secure AI model creation, according to the company.

“Tech innovation is an important driver of BNY’s strategic focus in doing more for clients, running our company better and powering our culture,” said Sarthak Pattanaik, head of AI hub, BNY. “We look forward to working together with Snorkel AI and leveraging their deep expertise with unstructured data to deliver innovative solutions that are safe, secure, fast, and resilient for our clients and the market.”

Snorkel AI offers two key products—Snorkel Flow, the AI data development platform for programmatic data operations, and Snorkel Custom, the hands-on accelerator for enterprises using large language models (LLMs) to build AI applications.

This agreement focuses on accelerating the development of predictive AI models for BNY and its customers, according to Snorkel AI.

“Snorkel has been adopted by the majority of the largest U.S. banks because we can simplify manual tasks like data curation, tagging, annotation, and labeling through a streamlined approach that prepares AI-ready data,” said Alex Ratner, CEO of Snorkel AI. “Through this collaboration with BNY, we will help the firm accelerate AI initiatives that aim to bolster efficiency, productivity, and insights.”

To learn more about Snorkel AI and its strategic agreement with BNY, please visit https://snorkel.ai/.