EY India launches Automated Regulatory Tool built on Snowflake to transform financial reporting compliance; aims to automate 80% of reporting

New Delhi, September 26, 2025: EY India today announced the launch of the EY India Automated Regulatory Tool (EY India ART), a cloud-native solution designed to help regulated sectors such as banks and financial institutions in India streamline regulatory reporting and strengthen compliance with regulations stipulated by governing bodies like the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).

Built on Snowflake’s unified platform, EY India ART automates the entire reporting lifecycle—from data ingestion and validation to transformation, reconciliation, and final submissions—helping institutions address regulatory issues and reduce compliance costs.

As the foundation for the EY India ART, Snowflake's platform provides a secure, unified, and scalable environment for processing high volumes of financial data, while Snowflake’s AI Data Cloud allows for easy aggregation of information from disparate sources. The tool leverages Snowflake's built-in governance, encryption, and analytics features to automate validation, reconciliation, and anomaly detection, aligning reporting capabilities with regulatory requirements.

Pratik Shah, Partner and National Financial Services Leader, EY India, said, “EY India ART addresses these challenges head-on, automating up to 80% of the reporting lifecycle to reduce manual effort, accelerate turnaround, and strengthen governance. By leveraging cloud-native technology and advanced analytics, EY ART empowers banks and financial institutions to not only meet compliance requirements more efficiently but also focus their teams on strategic insights and risk management, enabling a more resilient and future-ready financial ecosystem.”

Why it matters:

By delivering up to 80% automation in financial reporting, EY India ART enables :

• Reduction in reporting effort by up to 40%
• Improve turnaround times by 35%
• Enhance governance and strengthen audit readiness

Nimilita Chatterjee, Partner - Risk Consulting, EY India, said,  “EY India ART represents a significant leap forward in regulatory compliance for financial institutions. By automating the reporting process, we are enabling organizations to meet complex regulatory requirements with speed and accuracy—freeing them to focus on strategic priorities and innovation. This collaboration with Snowflake underscores our commitment to leveraging cutting-edge technology for India’s BFSI sector.”

“Financial institutions are increasingly looking to modernize their data infrastructure to fuel AI innovations, and meet regulatory and compliance obligations,” said Dhiraj Narang, Director and Head of Partnerships- India, Snowflake. “With EY India ART built on Snowflake’s AI Data Cloud, the sector would be able to achieve scalability, security, and efficiency—enabling compliance to keep pace with the rapid digital transformation of the Indian economy.”

Future-ready compliance:

Beyond reporting automation, EY India ART has been designed to integrate with multiple data environments, making it platform-agnostic and adaptable to each organization’s infrastructure. With AI-enabled features on the roadmap, ART will further strengthen predictive compliance and proactive risk monitoring for India’s financial sector.

About the EY and Snowflake alliance

EY and Snowflake have delivered industry-focused AI Data Cloud solutions that enable organizations to move, manage, and analyse data seamlessly. By leveraging EY’s business insights and Snowflake’s leading platform, this collaboration empowers enterprises to improve reporting, reduce costs, and accelerate innovation. As an Elite Services Partner for Snowflake, EY was recently awarded Industry Solution Partner of the Year for bringing deep expertise and proven success to help organizations transform data into real business value.

Note to the editor:

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