State Street Raises Fintech Game

Digital, data and automation initiatives underway

HAMLIN LOVELL
5

A multi-year trend of consolidation has been seen in asset service provision post-crisis, with at least 25 mergers: some amongst administrators and others between them and different service providers, such as technology firms. State Street has been in the vanguard of this trend, acquiring Goldman Sachs Administration Services (GSAS) and Morgan Stanley Real Estate Investing’s (MSREI) fund servicing operations, both in 2012. State Street was recently one of the only SIFI (Systemically Important...

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