Asian Private Banker awards Temenos “Best Integrated Front Office Solution” for WealthSuite
Temenos' single vendor wealth management solution recognized for sophisticated portfolio management functionality
GENEVA, Switzerland – March 5, 2018 – Temenos (SIX: TEMN), the banking software company, today announced that it has won "Best Integrated Front Office Solution" in Asian Private Banker's annual technology awards. Temenos' wealth management platform was evaluated, along with other competitors, for comprehensive and innovative customer relationship management, the ability to demonstrate productivity and operational efficiency gains, and seamless integration middle and back offices.
During the evaluation process, Temenos was able to demonstrate the ability to automate key areas of the investment process at scale, enabling wealth managers to efficiently manage large numbers of complex portfolios. One such automation that Temenos is bringing to market is a robo-advisor, a fully embedded, front office, omni-channel solution with straight-through processing. Due to the platform's unprecedented differentiation, the flexibility to be implemented standalone, and its ability to scale in an agile manner to meet a bank's evolving requirements, WealthSuite was selected as the leader in the category.
Martin Frick, Managing Director – APAC, Temenos, said: "At Temenos, we understand that a key requirement of private banking is giving consistent, appropriate, high-quality advice. We help wealth managers to achieve this by automating data-heavy tasks such as client profiling, rebalancing, portfolio analysis and alerts – allowing wealth managers to focus on managing the relationships with their affluent and high net worth clients. 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 are delighted to receive this award, and to be recognized for our continuing goal to provide an integrated and innovative wealth management offering that's digital from end-to-end."
Priyanka Boghani, Head of Private Banking Coverage, Asian Private Banker, commented: "Temenos' WealthSuite solution means that businesses can speed up implementation, eliminate the need for data entry and data silos, significantly cut down the risks of human error and compliance failure, and reduce the chance of incurring reputational damage. Year after year, we continue to see Temenos bring quality results to the market, and this year was no exception –we're pleased to present them with the award for "Best Integrated Front Office Solution."