Wealth Management & Private Banking Solution
Changes in demographics, technology, environment and social behaviors have set the ground for rapid digital transformation in the wealth management industry.
Successful wealth managers will differentiate themselves in how they use technology, enhance their customer experience and innovate using insights gained through advanced analytics. New markets defined by the mass affluent open up opportunities for the sector making the use of technology to enter the segment essential.
There has never been a better time for the wealth management industry to review and replace its operating technology.
Holistic Wealth Management
Wealth owners are increasingly looking for a holistic wealth management service that focuses on their overall life goals and longer-term wealth plans.
Automation in this sector used to be focused on back-office and settlement activities. More and more, customer goal planning and advisor interactions are also being assisted and enhanced by automation and AI.
Although there is still an important place for personal, advisor-lead engagement, wealth owners are increasingly enthusiastic about enhancing this personal approach with intelligently applied digital technology.
Growing Mass Affluent Sector
Changes in AI and automation technology are enabling banks to address the growing mass affluent market in a cost-effective and client-focused way.
Forbes Insights: The Next-Generation Wealth Manager
Advancing services and personalization with technology
$ 19 TRILLION
Over $19 trillion+ of assets are managed with Temenos software
30% improvement in back office productivity
Up to 60 %
Up to 60% reduction in use of applications
Integrated, role-specific, multi-channel capabilities to relationship management staff to support their daily interactions and long-term relationship with mass affluent and U/HNW customers.
Temenos Wealth is a powerful wealth management solution specifically designed to address the challenges wealth managers are facing, helping them to run a sustainable and profitable business.
Temenos’ DataSource is an Enterprise Data Management solution that improves the quality of your market and reference data on an automated basis.
Support for MiFID II is provided covering securities trading by private individuals. This includes both the profiling of investors’ knowledge levels and compliance enforcement during order processing activities.
Regional functionality for over 150 countries using our packaged model bank framework to go-live faster.
Embedded real-time advanced analytics built on a modern data platform.
Customer Success Stories
Panama ranks alongside London, Hong Kong, Geneva and Singapore as a global leader for wealth management and private banking. A stable economy, a business-friendly regulatory landscape and a high concentration…
Israel’s third largest bank by assets, Mizrahi Tefahot provides a comprehensive range of commercial, personal and domestic banking services. To build on its leading position in the competitive Israeli banking…
Westpac General Insurance has been operating for 20 years and specializes in Home and Contents, Consumer Credit, Travel and Business Insurance. With over 1 million policies in force representing approximately…
“We are pleased with the go-live in Asia, which is our second home market. Temenos Wealth is laying the operational and technical foundation for our growth in the region. After last year’s integration of the Temenos T24 Transact platform in Luxembourg, this is the second major step in our effort to harmonize out IT landscape around the world.”Nick Dreckmann, COO – Julius Baer
Read the Success Story
You’re in Good Company
Forbes Insights and Temenos began to chronicle the digitization of wealth management in 2016 with a global report that captured the arrival of robo-advisors. In 2018, we delved into the…
Temenos Wealth DataSource is an Enterprise Data Management solution that improves the quality of your market and references data on an automated basis.
Temenos Wealth is designed to industrialize the investment process allowing you to efficiently manage investments for large numbers of complex portfolios and achieve maximal investment performance.
I talked recently with Steen Jensen, managing director, Temenos Europe. I started by asking him if he agreed that big data and advanced analytics are on the verge of transforming…
The new generation of digital investors has been dubbed: ‘The Re-wired Investor.’ This is in tribute to their digitally-native behaviour and insistence that all of their interactions with banks match…
The report, titled “The Next-Generation Wealth Manager,” found that 64% of wealth management executives believe the industry’s future lies with mass-affluent investors, a notable change considering that 32% agreed that…