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 2015. Temenos emerged as the winner for its integrated, front-to-back wealth management solution, WealthSuite. It was best able to demonstrate the ability to reduce the complexity of private banking operations by allowing banks to consolidate multiple existing applications with the functionality of WealthSuite as well as to easily integrate the platform with the rest of banks' IT estates. The annual Asian Private Banker Technology Awards rewards private banking innovation by vendors who are leading the effort in taking private banking and wealth management in the region to the next level.
"This award is a testament to our ability in equipping private bankers with the right tools to capitalise on Asia's wealth management industry potential and capture a growing market of mass affluent and high-net-worth individuals," said Martin Frick, Managing Director, Asia Pacific, Temenos. "We serve only the financial services industry, which makes us experts in delivering best-in-class and tailored solutions catered to each sector and customer."
A total of 40 vendors were nominated for the awards and assessed against a comprehensive set of pre-defined criteria. Following this, a panel of judges that sit on Asian Private Banker's editorial team selected the winners based on pitch submissions.
WealthSuite is an integrated software solution for wealth managers. 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.