State Street streamlines private markets processing with Canoe partnership
22 June 2021 US
Image: jamesteohart/adobe.stock.com
State Street has formed a partnership with Canoe Intelligence to streamline private markets processing and document management.
Through State Street’s partnership with Canoe, allocators and managers in the private markets sector will have an integrated experience where traditionally manual alternative investment workflows will be automated and streamlined.
Canoe’s open application programming interface (API) will integrate with State Street’s technology ecosystem, creating a more cohesive client experience for the processing of all alternative investment data across clients’ complex portfolios.
The technology will help to identify unique patterns as documents are processed that are created from shared intelligence, resulting in faster and improved recognition and ingestion rates for clients.
“State Street prioritises making investments in the solutions that will allow our clients to focus their time and attention on their core competencies, such as alpha generation,” comments Jennifer Tribush, global head of alternatives product solutions for State Street.
“With Canoe’s focus on alternative investments, we are able to further digitise our reporting capabilities for both general partners and limited partners.”
Jason Eiswerth, CEO of Canoe Intelligence, adds: “Canoe’s technology provides firms and managers more time to focus on other critical tasks, and we look forward to working with State Street to continue transforming the private capital markets.”
Through State Street’s partnership with Canoe, allocators and managers in the private markets sector will have an integrated experience where traditionally manual alternative investment workflows will be automated and streamlined.
Canoe’s open application programming interface (API) will integrate with State Street’s technology ecosystem, creating a more cohesive client experience for the processing of all alternative investment data across clients’ complex portfolios.
The technology will help to identify unique patterns as documents are processed that are created from shared intelligence, resulting in faster and improved recognition and ingestion rates for clients.
“State Street prioritises making investments in the solutions that will allow our clients to focus their time and attention on their core competencies, such as alpha generation,” comments Jennifer Tribush, global head of alternatives product solutions for State Street.
“With Canoe’s focus on alternative investments, we are able to further digitise our reporting capabilities for both general partners and limited partners.”
Jason Eiswerth, CEO of Canoe Intelligence, adds: “Canoe’s technology provides firms and managers more time to focus on other critical tasks, and we look forward to working with State Street to continue transforming the private capital markets.”
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