Technology Awards 2017 – Best Integrated Front Office Solution

Best Integrated Front Office Solution

TEMENOS

Today’s front office managers know that, to survive and thrive, they must provide high-quality and consistent advice that meet the diverse and multi-faceted needs of clients.

But the fragmented nature of Asia’s regulatory environment often means that banks have to engineer country-specific compliance frameworks and genuine customised service is often sacrificed in the name of scalability.

The business case for a set of front office tools that can bring to the fore of the sales process compliance validations and middle and back-office concerns, along with automated checks is strong. At the same time, there is also a need to free up wealth managers’ hours in order to focus on servicing and value-add.

In 2017, Temenos stepped up to the plate by mapping the different regulatory landscapes across Asia via its groundbreaking work with EY. Through this process, it has imbibed into its WealthSuite tools eight sets of country-specific solutions and locally-configured built-in rules.

The WealthSuite solution enables businesses to speed up implementation; eliminate the need for data entry and data silos; significantly reduce the risk of human error and compliance failure; and avoid reputational damage. And paired with the WealthSuite’s front office portfolio management functions, wealth managers can automate investment processes for a large number of complex portfolios.

In a market flooded with copycat products, WealthSuite stands out for its integrated, role-specific, multi-channel capabilities for wealth managers. It can support a variety of business models and the different departments that run within them—whether discretionary, advisory or brokerage.

With its newly developed robo-advisor functionality, which connects straight into WealthSuite, the solution’s ingenuity allows banks to meet client demands for digitally delivered advice. In short, the granularity in its design philosophy is simply unmatched.

Temenos is Asian Private Banker‘s choice for the Best Integrated Front Office Solution in 2017.

Martin Frick, managing director – APAC, Temenos

“At Temenos, we understand that a key requirement of private banking is giving consistent, appropriate, high-quality advice. Temenos’ WealthSuite provides role-specific, multi-channel, 24/7 real-time capability to support wealth managers in their daily interactions and in maintaining long-term client relationships. We continue to heavily invest in our technology—more than any or our peers—and we provide a world-class wealth management offering that fits the region’s needs.”