Franklin Templeton buys fintech firm Random Forest Capital

Franklin Templeton Investments has acquired the fintech start-up Random Forest Capital with the aim of boosting the firm’s fixed income capabilities.

The deal involves that the capabilities of Random Forest Capital will be incorporated into the Franklin Templeton fixed income unit.

San Francisco-based Random Forest Capital, founded in 2016, uses machine learning and statistical algorithms to analyse data gleaned from primarily non-bank, tech-focused, web-based platforms that originate secured and unsecured debt.

Random Forest has also created a scale infrastructure in the cloud that allows them to process a huge amount of unstructured data to obtain key information and extract predictive models from them.

ABOUT THE AUTHOR
Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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