State Street Aims for the Cloud
Back when the US economy was in freefall, State Street could have put any pending technology projects on hold. After all, banks were failing and merging hastily left and right, layoffs were the rule for the financial services arena and no one knew when the bleeding would stop. Instead, the Boston-based financial behemoth commenced an ambitious IT project that was years in the making, groundbreaking in scope and required near constant promotion inside and outside the company.
At the Wall Street & Technology Capital Markets Cloud Symposium, held at the NY Hilton on May 17th, State Street's Kevin Sullivan revealed how the firm adopted a cloud-based architecture that is now being used in 20 cloud-based projects -- even when the technology was not entirely ready for primetime.
