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 Springboard, 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."