{"id":399980,"date":"2020-12-15T09:03:20","date_gmt":"2020-12-15T14:03:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399980"},"modified":"2020-12-15T09:03:20","modified_gmt":"2020-12-15T14:03:20","slug":"state-street-launches-cloud-native-alpha-data-platform-for-institutional-and-wealth-managers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-launches-cloud-native-alpha-data-platform-for-institutional-and-wealth-managers\/","title":{"rendered":"State Street Launches Cloud-Native Alpha Data Platform for Institutional and Wealth Managers"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>State Street Launches Cloud-Native Alpha Data Platform for Institutional and Wealth Managers<\/b><\/p>\n<p>\nPartnership with Snowflake Enables Enhanced Data Management via Cloud-Native Platform on State Street Alpha<sup>SM<\/sup><\/p>\n<p>BOSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nState Street Corporation (NYSE:STT) today launched its State Street Alpha<sup>SM<\/sup> Data Platform, an end-to-end data management and warehouse solution for institutional investment and wealth managers. The platform enables clients to seamlessly assemble and access investment data spanning internal and third-party services across their investment processes. It provides access to front office data in near real-time, and incorporates data catalog and visualization capabilities that result in higher quality data, while reducing cost and accelerating decision making.\n<\/p>\n<p>\n\u201cData is at the heart of Alpha, our front-to-back platform, and we are committed to providing the leading data platform within the investment management industry. Institutional investors and wealth managers today are challenged by the depth and breadth of data available to them. They need new, innovative tools to manage and interpret this data at scale,\u201d said John Plansky, global head of State Street Alpha.\n<\/p>\n<p>\nState Street Alpha leverages the product and engineering capabilities of Charles River Development and State Street supported by global service delivery teams ensuring cross- region business resiliency.\n<\/p>\n<p>\n\u201cThrough partnering with industry innovators such as Snowflake<sup>\u00ae<\/sup> and Microsoft<sup>\u00ae<\/sup> Azure, our platform provides investment managers with access to our trusted data from across Alpha as well as broad spectrum of data in the Snowflake<sup>\u00ae<\/sup> Data Marketplace,\u201d said Spiros Giannaros, chief executive officer of Charles River Development. \u201cThis combination allows clients to uncover unique data insights and opens up a whole new way to accelerate speed to market that previously didn\u2019t exist.\u201d\n<\/p>\n<p>\nThe Alpha Data Platform connects to data from multiple sources, including Snowflake<sup>\u00ae<\/sup> Data Marketplace, to deliver timely insights while simplifying the user experience for both assembling and consuming this information. \u201cState Street\u2019s vast asset management data combined with Snowflake\u2019s Data Cloud comprise a powerful combination of capabilities to streamline the entire investment process and mobilize data in the service of the enterprise,\u201d Snowflake CEO, Frank Slootman said.\n<\/p>\n<p>\nThe Alpha Data Platform\u2019s open architecture system, enabled by Snowflake and operated by expert data stewards, allows clients to leverage any number of critical capabilities or services within the platform, together with their own systems and preferred partners. The interoperable Alpha Data Platform will also serve as the foundation for the next stage of development for Alpha\u2019s new solutions for cash and position management and performance measurement.\n<\/p>\n<p>\nFor more information on State Street Alpha, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.statestreet.com%2Fplatform-for-growth.html&amp;esheet=52348833&amp;newsitemid=20201215005702&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.statestreet.com%2Fplatform-for-growth.html&amp;index=1&amp;md5=f2a01065a5ebcba28149f90e01303fae\">https:\/\/www.statestreet.com\/platform-for-growth.html<\/a><\/p>\n<p><b>About State Street Corporation<\/b><\/p>\n<p>\nState Street Corporation (NYSE: STT) is one of the world&#8217;s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $36.6 trillion in assets under custody and\/or administration and $3.1 trillion* in assets under management as of September 30, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street&#8217;s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.statestreet.com&amp;esheet=52348833&amp;newsitemid=20201215005702&amp;lan=en-US&amp;anchor=www.statestreet.com&amp;index=2&amp;md5=026406249258924ad085ff596b2773da\">www.statestreet.com<\/a>.\n<\/p>\n<p><i>*Assets under management as of September 30, 2020 includes approximately $81 billion of assets with respect to SPDR\u00ae products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.<\/i><\/p>\n<p>\n\u00a9 2020 State Street Corporation &#8211; All Rights Reserved<br \/>\n<br \/>3366786.1.1.GBL.RTL\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201215005702r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201215005702\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201215005702\/en\/<\/a><\/span><\/p>\n<p>\nZarna Patel<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:zpatel@statestreet.com\">zpatel@statestreet.com<br \/>\n<\/a><br \/>+1 617 756 2911\n<\/p>\n<p><b>KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Finance Banking Data Management Professional Services Technology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201215005702\/en\/451216\/3\/New_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>State Street Launches Cloud-Native Alpha Data Platform for Institutional and Wealth Managers Partnership with Snowflake Enables Enhanced Data Management via Cloud-Native Platform on State Street AlphaSM BOSTON&#8211;(BUSINESS WIRE)&#8211; State Street Corporation (NYSE:STT) today launched its State Street AlphaSM Data Platform, an end-to-end data management and warehouse solution for institutional investment and wealth managers. The platform enables clients to seamlessly assemble and access investment data spanning internal and third-party services across their investment processes. It provides access to front office data in near real-time, and incorporates data catalog and visualization capabilities that result in higher quality data, while reducing cost and accelerating decision making. \u201cData is at the heart of Alpha, our front-to-back platform, and we are committed to providing the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-launches-cloud-native-alpha-data-platform-for-institutional-and-wealth-managers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;State Street Launches Cloud-Native Alpha Data Platform for Institutional and Wealth Managers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-399980","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>State Street Launches Cloud-Native Alpha Data Platform for Institutional and Wealth Managers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-launches-cloud-native-alpha-data-platform-for-institutional-and-wealth-managers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State Street Launches Cloud-Native Alpha Data Platform for Institutional and Wealth Managers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"State Street Launches Cloud-Native Alpha Data Platform for Institutional and Wealth Managers Partnership with Snowflake Enables Enhanced Data Management via Cloud-Native Platform on State Street AlphaSM BOSTON&#8211;(BUSINESS WIRE)&#8211; State Street Corporation (NYSE:STT) today launched its State Street AlphaSM Data Platform, an end-to-end data management and warehouse solution for institutional investment and wealth managers. The platform enables clients to seamlessly assemble and access investment data spanning internal and third-party services across their investment processes. It provides access to front office data in near real-time, and incorporates data catalog and visualization capabilities that result in higher quality data, while reducing cost and accelerating decision making. \u201cData is at the heart of Alpha, our front-to-back platform, and we are committed to providing the &hellip; Continue reading &quot;State Street Launches Cloud-Native Alpha Data Platform for Institutional and Wealth Managers&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-launches-cloud-native-alpha-data-platform-for-institutional-and-wealth-managers\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-15T14:03:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201215005702r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-launches-cloud-native-alpha-data-platform-for-institutional-and-wealth-managers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-launches-cloud-native-alpha-data-platform-for-institutional-and-wealth-managers\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"State Street Launches Cloud-Native Alpha Data Platform for Institutional and Wealth Managers\",\"datePublished\":\"2020-12-15T14:03:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-launches-cloud-native-alpha-data-platform-for-institutional-and-wealth-managers\\\/\"},\"wordCount\":595,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-launches-cloud-native-alpha-data-platform-for-institutional-and-wealth-managers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201215005702r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-launches-cloud-native-alpha-data-platform-for-institutional-and-wealth-managers\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/state-street-launches-cloud-native-alpha-data-platform-for-institutional-and-wealth-managers\\\/\",\"name\":\"State Street Launches Cloud-Native Alpha Data Platform for Institutional and Wealth Managers - 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