BEST PROVIDER OF FRONT-TO-BACK WEALTH SUITE SOLUTIONS
2016 was a formative year in tech for Asia’s private banks, with many institutions setting about upgrading core banking platforms and uprooting legacy systems. Accordingly, there is now, more than ever, a pressing need for institutions to have in place robust front-to-back wealth solutions and, over the past year, Temenos has cemented itself as the go-to firm for Asia’s private banks.
Setting it apart from the competition, Temenos’ WealthSuite is a “bolt on” solution that offers adaptability and promises lower operating costs. The solution follows the pick-and-choose model while offering a user-experience that caters to a full spectrum of client segments and a range of modules to support discretionary, advisory and brokerage businesses across multiple back offices.
Most importantly, the firm’s ability to efficiently integrate its solution with other internal systems, as well as client and portfolio data that sits within the bank, leads to an experience that is both seamless and cost-effective.
“Temenos spends twice the industry average on research and development, and this win is a testament to our capability to provide private bankers with industry-leading solutions that enable them to thrive in a rapidly changing industry,” says Martin Frick, managing director, Asia Pacific, Temenos. “Innovation will remain a key investment focus for us in the year ahead as we continue perfecting and finessing our offerings for banks in the region.”
Going forward, as client demands become more complex and digi-focused, private banks will face the challenge of remaining relevant and ensuring that straight-through-processing solutions cater to rapidly changing attitudes in a cost-efficient manner. Temenos has cemented itself as a leading provider of front-to-back wealth suite solutions for private banks, winning key deals and ousting competitors for the second year running.
Temenos is Asian Private Banker’s Best Provider of Front-to-Back Wealth Suite Solutions for 2016.