Franklin Templeton Investments Deploys Riva Transfer Agent Software
ISLE OF MAN, UNITED KINGDOM -- (Marketwire) -- 01/09/13 -- Riva
Financial Systems Limited today announced the global deployment of
its Riva Transfer Agent ("Riva TA") software solution across Franklin
Templeton Investments' international transfer agency operations.
"We are very pleased to announce that Franklin Templeton has
successfully converted its international transfer agency operations
to Riva's software, marking the culmination of a project that is
unprecedented in terms of scale and complexity," said Ghassan Hakim,
CEO of Riva Financial Systems.
The deployment of Riva TA marks the realization of Franklin
Templeton's long-term goal of having a flexible, portable and
scalable solution wherever its funds are sold and supported, and
reducing its overall development costs. Riva TA will
time-to-market transfer agency solutions in new as well as existing
markets for Franklin Templeton, and provide on-going opportunities to
create operational efficiencies.
Paul Brady, senior vice president and operations director at Franklin
Templeton Investments, commented, "This transition from our legacy
system is a remarkable achievement for both organisations. The Riva
system will now support all of our cross border clients in countries
across Asia, Europe, the Middle East and Latin America on a single
efficient global platform, delivering a standardised service and
operational model supplemented with regional features. As our global
business continues to expand, this solution will allow us to move
quickly to be ready to support our clients' needs in any new markets
Jennifer Johnson, executive vice president and chief operating
officer of Franklin Templeton Investments, said, "Franklin Templeton
was initially introduced to Riva Financial Systems after a long
search for a sophisticated transfer agency software solution with the
ability to support Franklin Templeton's global reach and complexity.
We are seeing great benefits from our strategic joint venture with
Riva, and Franklin Templeton's global system conversion is an
About Riva Transfer Agent
Riva Transfer Agent is the flagship
investor record keeping product of Riva Financial Systems Limited,
built for asset managers, third-party administrators and alternative
fund administrators, and specifically designed to support the entire
investor record keeping process, from transfer agency, portfolio
management and client reporting. Riva TA offers a comprehensive
single transfer agency solution capable of supporting multiple
investment products, jurisdictions and currencies with low total cost
of ownership. It comprises a range of features designed to make
transfer agency operations more efficient, flexible and responsive to
client needs and market changes, including a web-enabled front-end
and integrated cash management, foreign exchange and document imaging
and workflow tool.
Riva TA is supported by a team of highly skilled business analysts,
software quality engineers and developers with prior experience in
the financial services industry experience to ensure that design,
implementation and support issues are always addressed in the
appropriate business context.
About Riva Financial Systems Limited
Headquartered in the Isle of
Man with offices in Luxembourg, Canada and India, Riva Financial
Systems Limited was incorporated in October 2002 by a group of
transfer agency professionals; all business and technical experts
from the largest asset managers in Europe who together conceived of a
flexible, affordable, self-contained transfer agency investor record
keeping solution built using best of class technology and servers.
Franklin Templeton Investments acquired a majority stake in the
company in 2007.
The flagship product that emerged from this blueprint, the Riva
Transfer Agent solution, is a highly functional global transfer
agency software system able to support the entire investor record
keeping process across multiple administration centres, investment
products and currencies all on a single platform. For more
information, please visit www.rivafs.com.
About Franklin Resources, Inc.
Franklin Resources, Inc. (NYSE: BEN),
is a global investment management organization operating as Franklin
Templeton Investments. Franklin Templeton Investments provides global
and domestic investment management solutions managed by its Franklin,
Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett
investment teams. The San Mateo, CA-based company has more than 65
years of investment experience and over US$768 billion in assets
under management as of November 30, 2012. For mor
please visit franklinresources.com.
Franklin Templeton Investments
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