Schroders wanted the ability to link and re-configure core processes from funds administration to sales, marketing to investment strategies using easy-to-use front-end technologies. Capriza achieves this without extensive IT intervention and requiring virtually no re-training of app-savvy modern users.
Commenting on choosing Capriza, Graham Kellen, Chief Digital Officer of Schroders, said: “Schroders is trusted with the investments of a variety of clients. We have to deliver the highest levels of efficiency and responsiveness to our clients. This pursuit mean we cannot restrict ourselves to outdated technology. This investment in Capriza sends the clear signal that we are taking this challenge seriously and we see clear value for our clients globally.”
While Capriza is already in use by pioneers in sectors as diverse as automotive, healthcare and education, Schroders will be one of the first in the financial sector to benefit from its transformative technology. Its early adoption will deliver a distinct competitive edge in a sector, asset management, which has traditionally been more conservative with its technology platforms.
Russell Acton, VP and GM, International at Capriza, welcomed Schroders bold move: “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’ option for complex core systems, so Capriza’s ability to enhance customer service and increase efficiency by smartly reconnecting these systems is a winning proposition.”
