Temenos Awarded the Highest Status in Aite's Matrix Evaluation of Wealth Management-Focused Core Banking Systems
Temenos Wealth is awarded 'best-in-class' status for integrated portfolio management and securities trading platform for wealth managers and private bankers
GENEVA, Switzerland, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN) today announces that Temenos Wealth has been awarded 'best-in-class' status in Aite-Novarica Group's Matrix Evaluation of Wealth Management-Focused Core Banking Systems.
Delivered on the Temenos platform for composable banking, Temenos Wealth covers the front-to-back needs of a modern Wealth Management firm, from self-service channels and portfolio management to back-office processing and market data management. Its modular design enables clients to implement only the components they need, on-premise, in the cloud, or as-a-service.
Meghna Mukerjee, Strategic Advisor, Aite-Novarica Group, stated: "Temenos' Wealth solution is as comprehensive and expansive as it is intuitive, making it a worthy winner of this report's best-in-class accolade. Temenos Wealth stands out from the competition for its composability, superior UI, analytics-rich dashboards, robust reporting capabilities, client feedback, and myriad integration methods, services, and APIs."
Wally Okby, Strategic Advisor, Aite-Novarica Group, added: "Temenos works with some of the largest global Tier-1 wealth managers and private banks. At the same time, Temenos can support small, regional, and challenger FIs and offer them suitable best-practice modules and training. At Aite-Novarica Group, we see these firms leaning toward Temenos' SaaS capabilities."
The Aite-Novarica Matrix is a proprietary Aite-Novarica Group vendor assessment framework. This Impact Report evaluates the overall competitive position of 8 vendors, focusing on vendor stability, client strength, product features, and client services. Temenos Wealth achieved best-in-class integrated portfolio management and securities trading platform for wealth managers and private bankers, and Temenos was the highest-placed vendor in the evaluation.
Max Chuard, Chief Executive Officer, Temenos, commented: "To be recognized as the best-in-class solution and the highest-placed vendor in Aite's evaluation is a proud achievement. It shows the strength of our offering and our global success in serving some of the world's largest wealth management firms. With a generational transfer of wealth underway globally, firms must adapt to new clients who want a superior digital experience, greater price transparency, and financial performance. Temenos Wealth allows firms to adapt quickly to changing investment opportunities and client expectations, helping retain customers and attract a new generation of investors."
In May 2022, Temenos announced ESG Investing-as-a-service, helping banks and wealth managers meet the growing demand for sustainable investing. Aite-Novarica Group expects sustainable investing AUM to increase from its current level of US$35.3 trillion by 7% per annum through 20251.
Temenos (SIX: TEMN) is the world's leading open platform for composable banking, creating opportunities for over 1.2 billion people around the world every day. We serve over 3000 banks from the largest to challengers and community banks in 150+ countries by helping them build new banking services and state-of-the-art customer experiences. The Temenos open platform helps our top-performing clients achieve a return on equity three times the industry average and cost-to-income ratios half the industry average.
1Data quoted from ‘ESG Data Market Dynamics Within Wealth Management’ – Aite Novarica, December 2021
For more information, please visit www.temenos.com.
|Jessica Wolfe & Scott Rowe|
Temenos Global Public Relations
Tel: +1 610 232 2793 & +44 20 7423 3857
Newgate Communications on behalf of Temenos
Tel: +44 20 7680 6550
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