State Street Unveils GlobalLink Digital

The bank says the new service’s functionality has been “purposefully designed to better enhance services, solutions and automation, allowing institutions and applications to speak to each other through an integrated dashboard, yielding cost savings while maximizing trading and workflow efficiency.” Clients will have the flexibility to build custom tailored workflow solutions while leveraging a user interface for a smart, consistent user experience throughout the client journey, it adds. A dedicated toolbar summarises, monitors and informs users about what needs attention, thus bringing an element of alert-based management to certain workflows. The service also includes a continuous, dynamic, snapshot of every stage of the trade lifecycle. Additionally, the platform connects trading applications, through single sign on with strategic partners and clients’ third-party and internal applications. GlobalLink Digital’s scalable interface will allow clients to onboard and deploy new solutions across a multitude of providers, for their users without heavy integration costs, the bank says. The new service is designed to alleviate the challenges that come with clients’ use of disparate systems and connections with multiple providers, that can hinder efficiency and increase costs. The solution includes order management system integration, research overlay, market data, and performance enhancements. It also highlights trade breaks, confirmations and settlement at the back end.