Franklin Templeton looks to startups to disrupt old ways of asset management

GLOBAL investment firm Franklin Templeton has launched its second fintech incubator, this time with an Asia focus and in partnership with F10 Global Innovation Network Singapore.

The asset manager, known for its investments in public equities and bonds, has taken up co-working space at 80 Robinson Road in Singapore’s business district to house the incubator. The launch comes as Franklin Templeton searches for ways to disrupt the traditional model of asset management by staying on the pulse of emerging technology.

“The asset management industry is realising that you cannot just do things the way they used to be done,” Chetan Karkhanis, senior vice-president for digital advisory and wealth management in Asia-Pacific, told The Business Times.