State Street Launches Mobile App for iPad
June 07 2011 - 10:00AM
Business Wire
State Street Corporation (NYSE: STT), one of the world's leading
providers of financial services to institutional investors, today
announced a new mobile application for the iPad, State Street
SpringboardSM, which will be available in the Apple App Store this
fall. State Street Springboard allows clients to view essential
portfolio information that is specifically designed for mobile
users and leverages the content and information from
my.statestreet.com, State Street’s online information delivery
platform that is the secure, single-client entry point to a full
suite of sophisticated market data and analysis applications.
Targeted at executive-level portfolio and fund managers, the
initial release of the app includes the ability for users to view
their entire investment portfolio at a glance, including
risk-exposure analysis, Net Asset Value (NAV) summaries, and fund
flows. Clients will also have access to thought leadership,
including the Vision series of publications. The current app will
serve as a flexible foundation for future updates that will expand
on the initial release, provide additional functionality and
broaden the content available.
“As part of its multi-year business transformation program,
State Street continues to invest in new technologies, like mobile
applications, to introduce new or strengthen existing services that
meet the changing needs of our clients,” said Chris Perretta,
executive vice president and chief information officer for State
Street. “The rapid adoption of the iPad in the financial services
industry makes it a natural fit for our first foray into mobile
applications for our institutional client base.”
The app will be available to existing State Street clients in
the Apple App Store and a State Street client log in will be
required for access. State Street will continue to explore other
business applications for mobile technologies while it develops
additional device and operating system deployment plans for this
app.
“Clients are increasingly focused on risk management and are
relying on mobile devices more than ever for immediate access to
critical information in a rapidly changing global market,” said Pat
Centanni, executive vice president and head of global product
management. “State Street Springboard is extensible and
customizable, enabling mobile users to fine tune their experience
so that critical information and market insights are easy to
access.”
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $22.6 trillion in assets
under custody and administration and $2.1 trillion* in assets under
management at March 31, 2011, State Street operates in 26 countries
and more than 100 geographic markets worldwide. For more
information, visit State Street’s website at
www.statestreet.com.
*This AUM includes the assets of the SPDR Gold Trust (approx.
$56 billion as of March 31, 2011), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors serves
as the marketing agent.
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