Riva Financial Systems Limited today announced the completion of the second major phase of the global deployment of its award winning Riva Transfer Agent (“Riva TA”) software solution across the entire transfer agency operations at Franklin Templeton Investments, following the transition of the asset manager’s UK transfer agency operations onto the Riva TA solution.
This achievement further realises Franklin Templeton’s goal of having a single flexible, global and scalable transfer agency solution available wherever its funds are sold and supported, that provides rapid time-to-market administrative solutions in both new and existing markets for Franklin Templeton.
“We are very pleased to announce that Franklin Templeton has successfully transitioned its UK transfer agency operations to Riva’s software. The ability to administer these UK-domiciled products alongside the firm’s entire international cross border fund range allows Franklin Templeton to maximise the operational efficiencies offered by a truly global transfer agency system such as Riva TA,” said Ghassan Hakim, CEO of Riva Financial Systems.
Basil Fox, president of Franklin Templeton Investor Services LLC., said, “The successful conversion of our UK product range to the Riva TA system realises one of the great benefits of our strategic partnership with Riva by enabling us to service multiple investment products on a single system, which for a large global asset manager such as ourselves represents a very exciting milestone.”