State Street announces strategic alliance with the University of California’s investing arm UC Investments
UC Investments, the investing arm of the University of California, has announced a strategic alliance with State Street, a financial services provider and asset manager, aiming to provide individuals with access to institutional-grade investment tools and opportunities.
The initiative will use AI and investment technology to provide individuals with access to a broader range of investment opportunities.
The two organizations also aim to increase financial literacy with a new “superapp” that provides multiple investment management tools in one platform that will be offered to 353,000 participants in UC’s defined contribution plan.
The program may be extended to include UC’s broader community which includes nearly 300,000 students and more than two million alumni.
“This alliance strengthens our enduring relationship with UC Investments,” explains Ron O’Hanley, Chairman and Chief Executive Officer at State Street. “It reflects our mutual commitment to harnessing technology and innovation to enhance financial outcomes for individual investors and their families, leveraging State Street’s investment and wealth services capabilities.”
“We’re proud to expand our partnership with State Street to deliver the kinds of insights, tools, and investment access that have historically been reserved for large institutions or ultra-wealthy investors,” adds Jagdeep Singh Bachher, Chief Investment Officer at the University of California. “Our goal is to help every UC community member take control of their financial future – using AI, data, and design to build a long-term plan for wealth and security.”
RTIH AI in Retail Awards
Our sister title, RTIH, organiser of the industry leading RTIH Innovation Awards, proudly brings you the first edition of the RTIH AI in Retail Awards, which is now open for entries.
As we witness a digital transformation revolution across all channels, AI tools are reshaping the omnichannel game, from personalising customer experiences to optimising inventory, uncovering insights into consumer behaviour, and enhancing the human element of retailers' businesses.
With 2025 set to be the year when AI and especially gen AI shake off the ‘heavily hyped’ tag and become embedded in retail business processes, our newly launched awards celebrate global technology innovation in a fast moving omnichannel world and the resulting benefits for retailers, shoppers and employees.
Our 2025 winners will be those companies who not only recognise the potential of AI, but also make it usable in everyday work - resulting in more efficiency and innovation in all areas.
Winners will be announced at an evening event at The Barbican in Central London on Wednesday, 3rd September.
