State Street Corporation is to integrate DST International's (DSTi) front office package HiInvest and data repository system HiDataWarehouse with its existing data warehousing services.
DSTi says the combined package will enable State Street clients to combine data from multiple internal and external sources - including custodians, third-party administrators and data vendors - to form a single consolidated hub of investment data.
State Street's data warehouse service also includes tools and processes to automate the validation and loading of data in order to ensure accuracy of information prior to uploading into clients' systems.
Joe Antonellis, State Street's chief information officer, says: "Our data warehouse offering also enables clients to easily utilise the consolidated data to support other business applications and fulfill their changing reporting requirements."