Trovata and State Street's Fund Connect Integrate to Streamline Corporate Investing

Core Insights - Trovata has integrated with State Street's Fund Connect, allowing clients to access over 25 leading fund managers through Trovata's platform, enhancing liquidity management and investment capabilities [1][4] Company Overview - Trovata is a bank API-powered platform that automates cash reporting, forecasting, analysis, and money movement, aimed at improving business decision-making [5] - State Street Corporation is a leading provider of financial services to institutional investors, with $44.3 trillion in assets under custody and/or administration and$4.4 trillion in assets under management as of June 30, 2024 [6] Integration Benefits - The integration allows finance and treasury teams to determine liquidity needs and invest excess cash seamlessly, reducing manual work and improving efficiency [2][3] - Fund Connect provides real-time global portfolio access, enabling comparisons across fund managers, fund types, and currencies, consolidating operational and investment oversight [3][4] Technology and Innovation - The collaboration combines fund management expertise with innovative technology, offering investors insights and seamless connectivity to optimize financial strategies [4]