Franklin Templeton joins Saphyre’s AI platform 13 October 2022US Reporter: Lucy Carter
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Global investment management organisation Franklin Templeton has chosen the Saphyre platform for custodial and broker fund onboardings and maintenance.
By using Saphyre’s artificial intelligence (AI) cloud infrastructure, Franklin Templeton will be able to streamline its custodial setups for new accounts.
Through digitisation, Saphyre’s automated process eliminates manual tasks, improving time and cost efficiencies, the company says. Risk is reduced for buy-side, sell-side and asset servicing teams.
Krzysztof Wierzchowski, vice president of securities services at Franklin Templeton, says: “We partnered with Saphyre to provide innovative solutions that best meet the evolving needs of our clients. By bringing creative and advanced technology to the onboarding process, we hope to reduce time and effort and to improve service levels. We expect adoption of AI to digitalise the pre-trade set-up process and deliver efficiency across the entire financial industry.”
Gabino Roche, CEO and founder of Saphyre, adds: “Having Franklin Templeton join us provides a testament to the value proposition our platform is providing to the industry. Leveraging AI-powered technology that maintains memory in the cloud for the middle office was a self-evident operational time and cost benefit for Franklin Templeton. This aligns with the vision of most buy-side firms who seek alignment in their front and back office, along with pre- and post-trade. Organisations gain speed and their clients’ new accounts achieve immediate liquidity; a win in all respects.”
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