With the asset management market in Luxembourg expanding by 20 percent in the last 12 months, Nordea Investment Funds saw a valuable growth opportunity. Already managing client assets worth more than EUR 100 billion in Luxembourg, Nordea looked to enhance its services to attract new business. To achieve these growth objectives, the financial service provider selected Temenos Multifonds to replace its existing on-premises fund management systems. The Temenos solutions will provide access to leading-edge capabilities, including flexible accrual calculations and secure international funds transfers. When fully deployed, Nordea will be able to develop and launch innovative new client services, while the cloud model will improve efficiency and offer seamless scalability to accommodate increasing transaction volumes.
“At Nordea Investment Funds, we are committed to our clients’ success with services and solutions that adapt to their evolving needs. Improving our technology infrastructure with key partners such as Temenos is core to this strategy. Temenos’ open technology, built on cloud-native components, will allow us to bring new services to market faster to enhance the client experience and scale efficiently to support increased volumes.”Markku Kotisalo, Head of Fund Administration, Nordea Investment Funds