Franklin Templeton Selects Aladdin By BlackRock To Unify Its Investment Management Technology
Portfolio Pulse from Benzinga Newsdesk
Franklin Resources, Inc. (NYSE:BEN) has chosen Aladdin by BlackRock (NYSE:BLK) to unify its investment management technology platform. This move aims to simplify operations and reduce long-term capital expenses for Franklin Templeton.
July 23, 2024 | 1:05 pm
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Franklin Resources, Inc. (NYSE:BEN) has selected Aladdin by BlackRock to unify its investment management technology platform, which is expected to simplify operations and reduce long-term capital expenses.
The adoption of Aladdin by BlackRock is likely to enhance operational efficiency and reduce costs for Franklin Templeton, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BlackRock (NYSE:BLK) has secured Franklin Templeton as a client for its Aladdin technology platform, which will be used to unify Franklin Templeton's investment management technology.
Securing Franklin Templeton as a client for its Aladdin platform is a positive development for BlackRock, potentially increasing its revenue from technology services.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80