Case Study: State Street Corporation achieves 50% faster client onboarding with GainInsights and QlikSense

50% Reduction in Time-to-Market for Client On-Boarding

State Street Corporation, a major financial services and bank holding company, faced significant challenges with its Infrahedge platform. Their manual, Excel-based processes for calculating risk and performance metrics were slow and error-prone, causing delayed client reports and an excessive workload for their IT team. They engaged vendor GainInsights to help modernize their outdated QlikView implementation and improve the analytics experience for their institutional investors.

GainInsights upgraded the system to QlikSense and re-engineered the data model. They automated complex backend calculations, consolidating over 50 manual files into a single, efficient process. This slashed data preparation time from 2 hours to 10 minutes. The solution also featured new, interactive dashboards that provided superior visualization and drill-down capabilities. As a result, GainInsights delivered a 50% reduction in client onboarding time, a 22% increase in fund manager productivity, and a 25% reduction in the IT team's workload, leading to increased customer acquisitions for State Street.

State Street Corporation

Rajiv Raghunandan

Director