{"id":18109,"date":"2011-04-14T19:57:00","date_gmt":"2011-04-14T17:57:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/state-street-vision-report-looks-at-impact-of-emerging-technology-on-financial-services\/"},"modified":"2011-04-14T19:57:00","modified_gmt":"2011-04-14T17:57:00","slug":"state-street-vision-report-looks-at-impact-of-emerging-technology-on-financial-services","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/state-street-vision-report-looks-at-impact-of-emerging-technology-on-financial-services\/","title":{"rendered":"State Street Vision report looks at impact of emerging technology on financial services"},"content":{"rendered":"<p class=\"post_excerpt\">According to State Street, Cloud Computing and Other Technologies Will Create Paradigm Shift for Investors with Groundbreaking Intelligence, Efficiency&#8230;<\/p>\n<p><!--more--><br \/>\nState Street Corporation, one of the world\u2019s leading providers of financial services to institutional investors, released its Vision Report today examining the impact of emerging technology on financial services and investing. The report, entitled <em>\u201cThe Evolving Role of Technology in Financial Services,\u201d<\/em> looks at the impact of forthcoming advances in three specific areas: analytics, electronic trading and regulation, and portfolio allocation and modelling.<\/p>\n<p>The report takes a look at the impact that next generation technology such as cloud computing is expected to have on the industry. According to the report, investors will see unparalleled benefit through greater automation and capacity on demand, accelerated time to market of innovative new products \u2014 including custom analytics and data \u2014 greater security and strengthened client service. <\/p>\n<p><citation|texte=Current Tools Only Provide Investors with a Glimpse in the Rearview Mirror\/><\/p>\n<p>State Street\u2019s Vision report also explains that, unlike today, the financial services industry will soon deploy increasingly sophisticated, forward-looking technology tools and analytics that will enable investors to understand and model actual precursors of performance. <\/p>\n<p>For example, instead of today\u2019s simple descriptions related to risk position and market stability, investors will soon be able to see more acute and intricate insights and the actual factors that contribute to those risk positions. These factors alone, the report states, will have reverberating impacts on the habits, business processes and decision-making of institutional investors around the globe.<\/p>\n<p>\u201cA great transformation in financial services is well under way and global investors stand to reap tremendous benefits,\u201d said Christopher Perretta, executive vice president and chief information officer for State Street. \u201cInvestors have always demanded more information, faster information, greater transparency and improved risk management. They will soon get their wish as forthcoming technology will enable them to slice, dice, process, manage and correlate data in ways that will give them exponentially greater value and security, enabling them to make better and more informed investment decisions than ever before.\u201d<\/p>\n<p>Specifically the report is broken into three main sections:<br \/>\n&#8211; 1. <strong>Technology with a Purpose: The Next Generation Today<\/strong> \u2014 Discusses the integration of risk and return<br \/>\ntechnology by investment service providers to address asset managers and asset owners\u2019 growing need for<br \/>\nmore detailed portfolio analytics, process transparency, risk management and dashboards to improve the<br \/>\nspeed and kind of information they are receiving and their access to it.<br \/>\n&#8211; 2. <strong>Using Technology to Adapt to the New Regulatory Environment<\/strong> \u2014 Examines the review of electronic<br \/>\ntrading by regulators following the start of the financial crisis in 2008. Technology has been at the forefront<br \/>\nin enabling the exponential growth of electronic trading and has become the only solution to effectively meet<br \/>\nthe challenges inherent in new trading regulations.<br \/>\n&#8211; 3. <strong>Portfolio Allocation and Modelling \u2014 A Technological Arms Race?<\/strong> \u2014 Explores technology\u2019s solutions<br \/>\nto meet today\u2019s leading global asset management challenges, including market crowding, pricing<br \/>\ninefficiencies, risk and rebalancing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to State Street, Cloud Computing and Other Technologies Will Create Paradigm Shift for Investors with Groundbreaking Intelligence, Efficiency&#8230;<\/p>\n","protected":false},"author":20,"featured_media":18107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1671,1651,1712],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/18109"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=18109"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/18109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/18107"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=18109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=18109"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=18109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}