Behemoth State Street & Its Future in Fintech

“In Great Britain in 1935 Robert Watson-Watt and Arnold Wilkins demonstrated the birth of large-scale radar by successfully detecting aircraft using bouncing radio waves. By 1939 there were 20 radar stations on the British coast tracking aircraft from 100 miles away and they have been deemed critical to the Royal Air Force defeating the Luftwaffe in the Battle of Britain  in 1940.

So radar is an apt metaphor for the Emerging Technologies Center within the behemoth of State Street, which had $26.9 trillion in assets under administration and $2.29 trillion in assets under management at the end of the first quarter of this year.”

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