Temenos Recognized as a Leader in The Forrester Wave™: Digital Wealth Management Platforms

Temenos was named a Leader among Digital Wealth Management Platform (DWMP) providers according to The Forrester Wave™: Digital Wealth Management Platforms, Q1 2022.

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“Temenos stands out for its end-to-end digital wealth management capabilities. Temenos excels in most areas of product functionality and has a roadmap and planned enhancement to ensure they will continue to do so. Temenos is a good choice for financial institutions (FIs) worldwide looking for broad business capabilities, strong data analytics, and a vendor with access to a global partner community and large marketplace of fintech solutions through its Temenos Exchange platform.”

Temenos was named a leader among Digital Wealth Management Platforms (DWMP) according to The Forrester Wave™: Digital Wealth Management Platforms, Q1 2022. According to the report, “Temenos’ wealth platform offers broad, off-the-shelf business capabilities along with access to a broad array of third-party fintech solutions.”

Temenos was evaluated among the 12 most significant vendors in the Digital Wealth Management Platforms (DWMP) market.

Download the report to learn more about why Forrester recognizes Temenos as a leader among Digital Wealth Management Platforms.

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The Forrester Wave™: Digital Wealth Management Platforms.


Temenos Recognized as a Leader in The Forrester Wave™: Digital Wealth Management Platforms

Temenos was named a Leader among Digital Wealth Management Platform (DWMP) providers according to The Forrester Wave™: Digital Wealth Management Platforms, Q1 2022.

Download Report

Cloud adoption by banks has accelerated since the start of the pandemic, as banks seek to cut costs and ramp up digital transformation projects. But challenges around security, governance and skills remain. What is the state of cloud-based banking in 2021? What are banks’ drivers and strategy for cloud adoption and what barriers do they still need to overcome?

Temenos and the Economist Intelligence Unit have sought the answers to these questions and more in a new report: Capturing Value in the Cloud, incorporating data from over 200 global banking IT executives.

Key Findings

72%

of IT executives at banks report that incorporating the cloud into their organisation’s products and services will help them to achieve their business priorities

82%

of IT executives say they have a clear strategy for adopting cloud technology

81%

of respondents agreed that a multi-cloud strategy will become a regulatory prerequisite by 2025

40%

40% of respondents cited Business agility, elasticity and scalability as top drivers of cloud adoption.

Temenos Recognized as a Leader in The Forrester Wave™: Digital Wealth Management Platforms

Temenos was named a Leader among Digital Wealth Management Platform (DWMP) providers according to The Forrester Wave™: Digital Wealth Management Platforms, Q1 2022.

Download Report

For the past 5 years, Corporate Loan volumes have fluctuated up and down depending on business, economic and geographical cycles. These fluctuations have been within anticipated ranges, that is, until the advent of Covid-19, when exponential divergence from normal patterns is the norm.

The drivers for change discussed in this paper were apparent and gaining urgency prior to the pandemic; however, the global impacts have exacerbated the problems and accelerated the need for change.

Temenos Recognized as a Leader in The Forrester Wave™: Digital Wealth Management Platforms

Temenos was named a Leader among Digital Wealth Management Platform (DWMP) providers according to The Forrester Wave™: Digital Wealth Management Platforms, Q1 2022.

Download Report

Getting a handle on better onboarding is vital to staying at the top of the game – new market leaders are popping up seemingly overnight, due largely in part to their ability to capitalize on what Cornerstone Advisor’s Sam Kilmer refers to as “The Rocket Effect”.

Temenos Recognized as a Leader in The Forrester Wave™: Digital Wealth Management Platforms

Temenos was named a Leader among Digital Wealth Management Platform (DWMP) providers according to The Forrester Wave™: Digital Wealth Management Platforms, Q1 2022.

Download Report

The past five years have seen a great deal of investment dollars flowing towards the wealth management segments in both Thailand and The Philippines.
In Thailand, a number of offshore private banks have opened local representative offices and others have entered into joint ventures with established, local banks as both attempt to steal a share of this new and rapidly growing client segment.
Despite this flurry of activity, interest in Vietnam has remained somewhat muted. For the past ten years, commentators have spoken at length of Vietnam’s future potential as an emerging market for wealth management but despite a backdrop of strong supporting indicators, the wealth market remains one of South East Asia’s most underdeveloped.

Read this article to find out:

  • The upcoming changes to the Vietnam’s wealth management
  • The primary drivers for Vietnam’s wealth management service
  • The key challenges banks will face when launching wealth services and how to overcome them

Temenos Recognized as a Leader in The Forrester Wave™: Digital Wealth Management Platforms

Temenos was named a Leader among Digital Wealth Management Platform (DWMP) providers according to The Forrester Wave™: Digital Wealth Management Platforms, Q1 2022.

Download Report

The Economist Intelligence Unit (EIU), on behalf of Temenos, surveyed over 400 global banking executives on the changes they see taking place in their industry to 2020 and 2025, their organizational response, and the longer-term impact on their strategic development. The report highlights that new technologies such as AI, open APIs and cloud are driving retail banks towards advanced data and analytics. Banks are using these to develop compelling propositions and experiences for their customers while keeping their money and their data safe.

The survey is part of a global research program on retail banking, which includes in-depth interviews with retail banks, fintechs, and regulators from North America, Europe, Africa and the Middle East, Asia-Pacific, Latin America.

In addition to the global EIU report, we have published a Middle East and Africa (MEA) specific report, looking at banks within the region. Key highlights include:

  • 6 in 10 banking executives in Middle East and Africa (MEA) think cash will dip below 5% of retail transactions in the next five years, compared to 48% globally
  • MEA retail banks believe delaying digitalization poses genuine threats to their business models
  • Changing customer demands are cited as the highest-impact trend in the near term (35% by 2020), with new technologies predicted to be the most impactful development in the medium term (43% by 2025)
  • Building a mobile-first greenfield bank is ranked as  the top innovation strategy by 37% of MEA banking executives

Find out what The Commercial Bank of Africa, Egyptian National Post Organization (ENPO), and Banque Du Caire amongst others are thinking about digital banking, and where they are directing their innovation strategies and digital investments.

Temenos Recognized as a Leader in The Forrester Wave™: Digital Wealth Management Platforms

Temenos was named a Leader among Digital Wealth Management Platform (DWMP) providers according to The Forrester Wave™: Digital Wealth Management Platforms, Q1 2022.

Download Report

It’s important that every financial institution creates a unique, achievable path to growth, based on its individual culture, technology, and customers. Download the ebook to identify which of four growth stages you are in and how to start your path forward today.

Temenos Recognized as a Leader in The Forrester Wave™: Digital Wealth Management Platforms

Temenos was named a Leader among Digital Wealth Management Platform (DWMP) providers according to The Forrester Wave™: Digital Wealth Management Platforms, Q1 2022.

Download Report

Payments across the world are evolving rapidly from a back-office function to a bona fide business for an increasing number of companies, driving revenue growth-led transformation – and one which also delivers increased operational and cost efficiencies.

The numbers are compelling: McKinsey estimates global payments revenues reached close to $1.9 trillion in 2017, and they forecast those numbers will reach roughly $3 trillion in 2022.

While this is a global phenomenon, APAC is leading the charge, dominating global payments revenue in 2017 – accounting for approximately 50% ($945 billion), according to McKinsey.

Temenos Recognized as a Leader in The Forrester Wave™: Digital Wealth Management Platforms

Temenos was named a Leader among Digital Wealth Management Platform (DWMP) providers according to The Forrester Wave™: Digital Wealth Management Platforms, Q1 2022.

Download Report

As in other regions that have witnessed similar economic performance, Thailand is now home to a rapidly growing middle class, characterized, as elsewhere, by higher levels of disposable income. Not surprisingly, property developers building luxury condos were among the first to arrive and the luxury brands now on display in the malls of Siam Square were also quick to capitalize on this new customer segment. The wealth management industry however, usually at the forefront of such changing demographics, seems to have been slow to respond.

Initially hampered by high barriers to entry, low levels of financial literacy and rapidly changing regulations, the wealth management industry now seems to be gaining traction in this frontier market but what opportunities exist? What are the hurdles that must be overcome and what are the threats to success?

In our latest report, we put a spotlight on Thailand’s wealth sector in the wake of a changing demographics and growing wealth segment. This article explains:

  • challenges that banks and wealth managers are facing in an attempt to capture the growing segment.
  • reasons why banks in Thailand are unable to capture the majority of the wealth.
  • how banks can grasp the opportunity in the Thai wealth management segment through technological innovation.

Temenos Recognized as a Leader in The Forrester Wave™: Digital Wealth Management Platforms

Temenos was named a Leader among Digital Wealth Management Platform (DWMP) providers according to The Forrester Wave™: Digital Wealth Management Platforms, Q1 2022.

Download Report

How do you create business agility whilst leveraging the API economy? This CSS Insight paper analyses the elements emerging as essential considerations for banks and their innovation programs, embracing the API economy, leveraging developer portals and building ecosystems.

• Changing market dynamics
• Advent of the API economy
• Developer Portals and banking