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State Street Onboards River Global to its Transfer Agency Service Supported by ZILO™

1. State Street onboarded River Global for its new UK transfer agency service. 2. Participation in ZILO's funding highlights focus on digital solutions for operational efficiency.

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Why Bullish?

The onboarding of a new client signifies growth potential, enhancing STT's revenue stream. Historically, similar expansions have positively influenced stock performance.

How important is it?

The focus on digital solutions aligns with market trends, increasing STT's competitive advantage.

Why Short Term?

The immediate revenue impact from onboarding River Global may enhance short-term financial results.

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ZILOBKNTRS
LONDON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the successful onboarding of River Global as a client of its newly launched transfer agency service in the UK, supported by ZILO™, a FinTech specialising in global asset and wealth management software. State Street participated in ZILO's Series A fundraising round in January 2024, a decision driven by State Street's focus on addressing the need for modern digital solutions to improve cost effectiveness and operational.

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