Franklin Templeton has selected Aladdin, BlackRock’s investment management technology platform, to unify its investment management technology.
The decision is part of Franklin Templeton’s strategy to enhance the efficiency and scalability of its investment management business. Aladdin will provide Franklin Templeton with a unified platform to manage its assets and risks, according to the firm’s statement.
With over 30 years of experience in developing investment management technology, Aladdin is a market leader and offers a wide range of tools and functionalities to support investment decision-making, the statement adds.
The platform also offers a wide range of analytics and reporting features, which will enable Franklin Templeton to improve its ability to monitor and evaluate the performance of its investments.
Franklin Templeton’s selection of Aladdin is an important step toward innovation and growth in the investment management market. The unified platform will allow the company to enhance its operational efficiency, reduce costs, and improve the customer experience.
Franklin Templeton is one of the investment management companies with assets under management exceeding $1.6 trillion.
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