Schroders partners with Capriza to gain edge in the sector
The 213 year-old global asset management company Schroders has partnered with Capriza to re-configure its core processes.
The move comes as the organisation looks to move from funds administration to investment strategies. It plans to use Capriza, an enterprise mobility company, to aide with this change without extensive IT intervention or significant amounts of re-training of users.
Schroders will be one of the first in the financial sector to benefit from the technology that Capriza has to offer, while it is already being used by those in the automotive, healthcare and education sectors.
Capriza’s enterprise mobility platform enables IT and lines of business to mobile-enable critical business workflows without any coding, APIs or integration.
Graham Kellen, Chief Digital Officer of Schroders explained that the “investment in Capriza sends the clear signal that we are taking this challenge seriously and we see clear value for our clients globally”, and also points out that “Schroders cannot be restricted by outdated technology”.
The desired result of the partnership is for Schroders to gain a competitive edge in the asset management sector, which has traditionally been more conservative with its technology platforms. Capriza works with prominent applications such as SAP, Oracle and Salesforce. Capriza aims to extend the capabilities of existing applications in a simple and easy to use way, onto smartphones or tablets.
Russell Acton, VP and GM at Capriza has welcomed the new approach, recognising that “Blue chip organisations like Schroders, where success is measured in decades and centuries, quite rightly think hard before embracing technologies. There is no ‘rip and replace’”, but he believes that “smartly reconnecting these systems is a winning proposition”.