Temenos offers digital wealth investment advice,

GENEVA, May 10, 2023 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN ) today announced new functionality in its Digital Wealth solution, which enables banks and wealth management firms to enhance the digital experience with sophisticated investment advisory functions by help engage and leverage growth with high net worth clients.

Wealth management is the fastest growing banking segment with an ongoing intergenerational transfer and an estimated $81 trillion to be added to the pool of wealth by 2026.

The Temenos Wealth Advisory Group of over 40 of the world’s top private banks is meeting in Vienna at this year’s Temenos Community Forum to validate the Temenos Wealth Strategy and discuss the future product roadmap.

Meghna Mukherjee, Strategic Advisor, Aite-Novarica Group commented: “The next generation of high net worth individuals (HNWs) has a digital mindset. With high levels of market volatility and uncertainty, there is a growing need for curated digital services and digital advisory solutions that enable these HNWs to grasp changing market dynamics faster and give them greater control over their financial lives. Based on our research, Temenos’ Digital Wealth solution offers these types of powerful, hybrid modules that deliver digitally enhanced yet personalized experiences.”

With Temenos Digital Wealth’s new investment advisory capabilities, Private Wealth Managers (PWMs) can provide clients with instant, real-time visibility into their portfolio and streamline engagement with digital workflows. Clients can easily track portfolio status against investment goals across a range of key metrics such as asset allocation, risk and investment limits. They can review their investor profile and adjust their target strategy. Clients can also receive and respond to investment proposals and connect virtually with their relationship manager with integrated video chats and co-browsing using Temenos Exchange partners – all within a mobile app.

Additionally, PWMs can use Temenos’ application accelerator, flexible components, and low-code tools to redesign the entire user experience for their specific needs and implement their unique branding. When used as SaaS in the Temenos Banking Cloud, the solution helps banks accelerate digital development and reduce development costs.

Alexandre Duret, Senior Product Director, Temenos, said: “In the face of increasing competition, the new advisory capabilities of our Digital Wealth solution provide established players with the opportunity to stay relevant and expand their footprint with the new generation of high net worth clients. Importantly, the solution enhances digital interactions while supporting a hybrid model that ensures optimal engagement between the customer and their relationship managers.”

With clients including Schroders, Mirabaud, new digital challengers such as Alpian, as well as the international arm of a Tier 1 US bank, Temenos is a proven and trusted wealth management platform, vetted against regulatory requirements in multiple countries and economic zones.

In 2022, Temenos was named a leader in the Forester Wave for digital wealth management platforms, positioned furthest away for its wealth management product strategy and the strength of its offering. According to the Forester report“Temenos stands out for its end-to-end digital wealth management capabilities” and “exceeds in most areas of product functionality and has a roadmap and planned enhancements to ensure they continue to do so.”

Temenos is the only banking platform readily available on all major public cloud providers that banks can manage on their own or as a SaaS solution through the Temenos Banking Cloud.

About Temenos
Temenos (SIX: TEMN) is the world’s leading open composable banking platform, empowering 1.2 billion people around the world every day. We serve 3,000 banks from the largest to challengers and community banks in over 150 countries, helping them build new banking services and cutting-edge customer experiences. The Temenos open platform helps our top performing customers achieve returns on equity three times the industry average and cost/income ratios half the industry average.

For more information, please visit www.temenos.com.


Leave a Comment

Your email address will not be published. Required fields are marked *