Some of the world's biggest financial services firms - including Barclays, Nasdaq and UBS - have pumped £50 million into a new venture building a Utility Settlement Coin (USC), an asset-backed digital cash instrument implemented on distributed ledger technology.
State Street has promoted thirty-year industry veteran Lou Maiuri as chief operating officer with overarching responsibility for technology, operations, product and innovation across the group.
Financial services giant State Street is one of the first firms to sign on for Amazon Web Services' new AWS Backup, a fully-managed, centralised service to automate backups of data and meet regulatory requirements.
Institutional investors are warming to the use of emerging technology to hit their growth objectives in a challenging market, according to a survey conducted by State Street.
State Street Corporation (NYSE: STT) today announced that it has completed its acquisition of Charles River Systems, Inc. (Charles River Development).
State Street Corporation (NYSE: STT) today announced the latest findings from its research, the State Street 2018 Fund Strategy Survey, which surveyed 250 asset managers globally and analysed how they are developing cross-border strategies, including the factors influencing their choice of fund vehicle, passport and domicile location.
State Street is to acquire Charles River Development in an all cash transaction valued at $2.6 billion.
Bloomberg is launching a real-time feed of curated Twitter data, sifting through the deluge of social media sentiment to pick out the most useful content for its algorithmic trading clients.
A former executive vice president of State Street Bank & Trust was convicted today by a federal jury in Boston in connection with engaging in a scheme to defraud at least six of the bank’s clients through secret commissions applied to billions of dollars of securities trades.
State Street Corporation (NYSE: STT) announced today new research, which reveals that more than half (60 percent) of institutional investors surveyed plan to partly or fully outsource their data management over the next three years.
© Finextra Research 2019