Tom Secaur Discusses Franklin Templeton's Move to Simcorp

Franklin Templeton has announced that it will shift middle and back office functions from multiple proprietary solutions to Simcorp Dimension. They have opted to outsource technology in order to gain more scale and leverage more efficient solutions for their complex needs. Citisotft's Tom Secaur weighs in on the deal and considerations for asset managers: "Unless you can tell me that building and maintaining such a large piece of technology infrastructure is a differentiator in your core business of investment management, it's time to do one of two things: buy [third-party software] or outsource."

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