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Aite Group recognises Temenos as best technology choice for upper-tier wealth management market

Temenos recognised as the vendor best placed to meet the mass-affluent wealth management technology needs for large multinational financial institutions

GENEVA, Switzerland – 23 January 2013 – Temenos (SIX: TEMN), the market leading provider of banking software, today announces it has been awarded a ‘top advisor solution’ accolade in Aite Group’s latest report ‘European and Asia-Pacific Wealth Management Technology Players: Dec 2012’.

The report recognises Temenos as ‘the most global of providers, with deployment in all major regions around the world, strong positions in both North American and European markets, and a growing presence in Asia.’ It goes on to state that Temenos ‘stands out as the vendor best placed to meet the mass-affluent wealth management technology needs for large financial institutions with multinational operations’.

Aite Group also recognised Temenos’ recent acquisition of user experience platform (UXP) developer, edge IPK, as strengthening Temenos’ ability to provide multichannel deployments, including online direct-to-consumer solutions and tablet applications for advisors and end clients’.

David Arnott, Temenos CEO, said:

Temenos is both excited by the market potential and strongly focused on the wealth management market. We have made significant investments – including the acquisition of edge IPK to boost our multichannel capabilities – to ensure that our PWM solutions stay ahead of the rest of the market and, as such, it is great to receive this recognition from Aite Group. We are confident that our proposition for the PWM market is unbeatable: a complete portfolio of open, integrated and best-in-class solutions which help our customers to prosper in an era of tougher regulations, stronger competition and more exacting customer requirements.

Sophie Schmitt, Aite Group, Senior Analyst and co-author of the report, commented:

In addition to the firm’s global reach and integrated wealth management platform, Temenos also offers best-in-class client onboarding and financial planning capabilities through partnerships with Appway, PlanPlus and NaviPlan. Advisors and relationship managers using Temenos’ suite of capabilities are well positioned to provide the differentiated client experience which engenders strong and enduring client relationships.