State Street introduces app for Apple’s iPad

State Street introduces app for Apple’s iPadBoston-based State Street Corp., a provider of financial services to institutional investors, has announced a new mobile app that will allow users to view their complete investment portfolio at a glance.

Announced on Tuesday, the new State Street Springboard mobile app will leverage the content and information from my. statestreet. com and the financial service provider’s online information delivery platform to allow users to access services like analysis of risk-exposure, summaries of net asset value (NAV) and information on fund flows.

State Street’s Chief Information Officer Chris Perretta said that it was the quick adoption of the iPad in the financial services industry that made it a natural fit for the company’s first foray into mobile apps.

Pat Centanni, chief of global product management at the company, said, “State Street Springboard is extensible and customisable, enabling mobile users to fine tune their experience so that critical information and market insights are easy to access.”

The State Street Springboard app will be available for download from Apple’s app store this fall.

With $22,600 billion assets in custody and $2,100 billion assets under management, State Street operates in as many as 26 countries around the globe. It is the first custodian bank that has made its service available via Apple’s iPad.