Cotality Joins Snowflake Initiative to Define Standards for Agentic AI Financial Services Through the Open Semantic Interchange (OSI)

June 3, 2026 - 04:32

IRVINE, Calif., June 02, 2026 -- Cotality has joined the Snowflake-led Open Semantic Interchange (OSI) Financial Services Working Group, a move aimed at reducing data friction and creating standardized, AI-ready datasets for autonomous agents in the financial sector.

The initiative focuses on defining common data formats and semantic layers that allow AI agents to communicate and act across different systems without the usual compatibility issues. As financial institutions increasingly deploy agentic AI for tasks like trade settlement, risk assessment, and compliance monitoring, the lack of shared standards has become a major bottleneck. Different systems often interpret the same data fields in different ways, causing errors and slowing down automation.

By participating in the OSI working group, Cotality will help shape how financial data is structured, labeled, and shared so that AI agents can operate reliably across banks, insurers, and investment firms. The goal is to create a universal semantic framework that eliminates the need for custom integrations between every pair of systems.

The working group brings together technology providers and financial institutions to agree on common definitions for terms, data types, and transaction protocols. This is seen as a critical step toward making agentic AI practical at scale in finance, where precision and trust are non-negotiable. Cotality's expertise in data management and AI integration is expected to contribute to the group's technical standards and best practices.