Investment management automation sees momentum [Video]

Investment management automation is accelerating as firms increasingly rely on AI-driven testing platforms to streamline complex processes and enhance operational efficiency across applications. That’s the case for State Street Corp., which has sought to utilize UiPath Inc. to streamline operations and enhance productivity.

State Street’s Alpha platform is a front-to-back platform that utilizes a lot of different applications and services that use various different technologies, according to Maneesh Bakshi (pictured, left), senior manager of investment management at Deloitte Consulting LLP. It’s a combination of on-prem and cloud technologies coming together and is intended to give investment managers a full view of what front-to-back servicing looks like.

“That’s where some of the complexity comes in, because you’re dealing with so many different applications using different technologies,” Bakshi said. “We needed a tool that helps us test extremely diligently, end-to-end, through the spectrum. And that’s where we had UiPath as our tool of choice.”

Bakshi and Brandon McCormick(right), managing director and global …