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Franklin Templeton Selects Elsen to Accelerate Data-Driven StrategiesElsen, the Platform-as-a-Service company for large financial institutions, today announced that Franklin Templeton has deployed the Elsen nPlatform to provide its research and technology groups with efficient and scalable access to financial data. By using the Elsen nPlatform, Franklin Templeton gives technical and non-technical users faster access to concordant data so they can more quickly develop new, data-driven investment strategies. "The sources and volume of data for making investment decisions are steadily increasing, and this transformation of our data management platform will help us use data more efficiently," said Chris Pham, SVP of data management and data science at Franklin Templeton. "The Elsen nPlatform takes the complexity out of data management by normalizing and making hundreds of datasets from multiple vendors easily accessible and usable. This scalable platform accelerates our ability to use current and point-in-time data so we can develop strategies that meet our clients' needs." The Elsen nPlatform gives asset managers a way to use incompatible data and modern technology to generate alpha, construct new products, and optimize data vendors. It allows any financial professional - quants, non-quants, and people in investment, research and analytics roles - to transform the way they work by letting them rapidly access and use data for analytics to guide investment decisions. At Franklin Templeton, power users can now access data directly through an API, and non-technical users can leverage it through intuitive, web-based applications. In both instances, Elsen's proprietary Turing complete programming language, Warp, power analysis up to 50 times faster than traditional methods. In addition, using a consolidated source of data that has already been cleansed, normalized, and aggregated speeds time-to-value and ensures a consistent output across teams. "With over 70 years of experience in investment management, Franklin Templeton has proven that it can deliver excellent outcomes and help investors meet their goals through changing times," said Zac Sheffer, co-founder and CEO of Elsen. "As the industry transforms to become more data-driven, Franklin Templeton continues to lead the way by adopting modern, agile technology that will redefine how its research and investment teams operate. Being able to work with another storied company in the financial industry is a source of great pride and validation for Elsen, showing that we're really helping to move the industry forward." Elsen's engagement with Franklin Templeton materialized, in part, due to its relationship with the FinTech Sandbox, an organization Franklin Templeton sponsors and where its SVP and chief technical officer, Joe Boerio, serves as a board member. Elsen was selected as a member of the FinTech Sandbox's inaugural class of innovative startups in 2015. Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton. Franklin Templeton's goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes, including equity, fixed income, alternatives and custom multi-asset solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California-based company has more than 70 years of investment experience and over $678 billion in assets under management as of January 31, 2019. For more information, please visit franklintempleton.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190212005266/en/ |
