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Temenos Awarded the Highest Status in Aite’s Matrix Evaluation of Wealth Management-Focused Core Banking Systems
Temenos has announced 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 2025.
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