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AI simplifying processes at State Street

Bank reports information systems and communications of $594M, up 15% YoY

Vaidik TrivedibyVaidik Trivedi
October 14, 2026
in Banking
Reading Time: 3 mins read
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State Street is leaning on AI to simplify the bank’s internal processes and transform the bank into a tech-advanced organization.   The Boston-based custodian bank said its third-quarter information systems and communications expense reached $594 million, up 15% year over year, and that AI is a growing part of the transformation program behind that spending, according […]

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Tags: artificial intelligence (AI)earningsFinAi NewsPremiumState Street
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