Insigma Technology and State Street Explored Financial Software Outsourcing with Joint Capital

Insigma Technology and State Street have signed a series of conventions for share-transfer and joint venture. It is the result of cooperation and resource-sharing. On one hand, it is crucial long term for State Street s globalization and E-finance. On the other hand, it is an important platform for Insigma Technology to expand its international financial software outsourcing service.

It would provide both sides would bring technology and resources into full play. It would provide value-added finance service, and do the utmost to make the joint venture a professional IT service provider which is facing superior financial customers.

State Street, the Insigma Technology s main financial software outsourcers and the largest custody bank, has 11.9 trillion US dollars under custody and a 1.7 plus trillion under management. His main customers include many client organizations, such as pension funds, mutual funds, state funds. Its custody networking covers more than 100 financial markets worldwide.