STATE STREET SPONSORED RESEARCH

THE EVOLVING ROLE OF TECHNOLOGY IN FINANCIAL SERVICES

Technology has long been an essential behind-the-scenes partner in the financial services industry, providing theinnovative incremental advances necessary for the industry to upgrade and expand its services. Improvements in storage capacity and processing speed, for example, have had a profound impact on data management and transactional capabilities, with accompanying reductions in cost. Yet despite these and other advances, the industry has struggled to fully leverage the power and promise of technology,with market participants eager for solutions that are not only faster and cheaper, but that also offer greater security and efficiency.

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