The Singapore subsidiary of Franklin Templeton, Templeton Asset Management, and Razer Fintech, the financial arm of Razer, have signed a memorandum of understanding to create a “next generation digital wealth management platform”.
It will be tailored specifically to the needs of Razer Fintech’s youth and millennial customers at various stages of their financial journey.
They will have access to digital wealth offerings in multi-asset solutions across theme-based and goals-based portfolios, regular savings plans, money market funds and other products and investment vehicles.
This collaboration will initially focus on key markets for both organisations in Singapore, Malaysia, Philippines and Vietnam with plans to go further afield.
Aims
The firms will focus on five areas:
- Co-designing the next generation digital wealth journey;
- Development of customised multi-asset solutions for youth and millennials;
- Improving financial literacy for youth and millennials;
- Partnership and co-investment opportunities in fintech start-ups; and
- Digital marketing and customer engagement collaborations.
Dora Seow, country head for Singapore at Franklin Templeton, said: “We are proud to enter this strategic collaboration with Razer Fintech in southeast Asia, the heart of the youth, technology and growth.
“The reach of Razer Fintech’s iconic brand amongst the youth and millennials aligns with Franklin Templeton’s desire to target the new generation of investors, with next-generation investment solutions.”
Lee Li Meng, chief executive at Razer Fintech, said: “We look forward to leveraging Franklin Templeton’s deep expertise in investment solutions, global network and unparalleled track record as one of the world’s most forward-looking and innovative financial institutions.”
