Singapore – December 12, 2016 – Temenos, (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announced that it won Best Provider of Front-to-Back Wealth Suite Solutions at Asian Private Banker’s Technology Awards for the second year running.
Temenos’ integrated, front-to-back wealth management solution, WealthSuite, emerged as the best solution due to its ability to streamline the complex investment management process through its vast scalability, deep CRM integration with mobile and internet banking, and comprehensive back office support. The annual Asian Private Banker Technology Awards recognises forward-looking fintech firms who empower private banks to thrive in today’s challenging landscape.
“We know the environment inside-out, and our solutions are designed to help private banks who are currently being hemmed in by tightening regulations, higher operating costs and talent scarcity. This award recognises our ability to equip private bankers with the right tools to manage these issues and achieve the maximum investment performance,” said Martin Frick, Managing Director, Asia Pacific, Temenos. “We only create software for banking and finance, which makes us specialists in delivering best-in-class and tailored solutions for banks in multiple sectors and markets across the region.”
This year, Asian Private Banker received over 100 submissions across 16 award categories from over 50 financial technology companies in Asia. The submissions were pre-selected by a judging panel. Following this, Asian Private Banker’s independent editorial team selected the winners based on a stringent set of criteria.
“Temenos stands out as the dominant front-to-wealth solutions provider in 2016. The firm has capitalised on a surge in private banks undergoing hefty transformations and switching to single end-to-end platforms in a bid to cut operating costs,” said Priyanka Boghani, Chairperson of the Judging Panel and Senior Reporter, Asian Private Banker. “Temenos’ solution offers a single-platform user experience while providing the option of a modular approach. The firm has been proven to increase performance and generate revenue through its single-platform user experience.”
WealthSuite is an integrated front-to-back software solution for wealth managers and private banks. Its highly scalable technology offers integrated, multi-channel, front-to-back office capabilities. Combining back office efficiency with front office differentiation, WealthSuite offers sophisticated portfolio management functionality to mass affluent and U/HNW clients, allied with CRM capabilities, mobile and internet banking capabilities and comprehensive back office support. An award-winning platform, WealthSuite offers a step towards better cost-efficiency, productivity, customer loyalty and compliance monitoring.
About Asian Private Banker and The Asian Private Banker Technology Awards
Based exclusively in Asia, Asian Private Banker is the region’s largest and best-connected bureau of journalists and researchers delivering independent, authoritative and indispensable commentary solely focused on Asia’s unique private banking, family office, and wealth management communities.
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The Asian Private Banker Technology Awards recognise innovative and practical vendors whose solutions are transforming the region’s private banking and wealth management industry. This year, over 100 submissions across 16 categories were received from just over 50 financial technology firms with private banking tech offerings in Asia. Our selection methodology is straightforward and transparent: pitches are received both in written form and in-person. Each and every submission is then analysed and discussed by Asian Private Banker’s independent editorial team.