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Temenos’ WealthSuite selected as global wealth management platform by Standard Chartered Bank

WealthSuite to be deployed across wealth management operations in over 30 countries

Temenos (SIX: TEMN), the software specialist for banking and finance, today announces that the firm’s WealthSuite integrated wealth management solution has been selected by Standard Chartered Bank (LSE: STAN.L), a leading international banking group, for deployment in more than 30 markets.

Temenos’ integrated wealth management solution, WealthSuite, delivers back office standardisation alongside front office differentiation. The award-winning WealthSuite, recently deployed at Nordea in Luxembourg, combines in one platform market-leading solutions for core banking, portfolio management, channels and analytics.

The deployment of one standard wealth management platform across Standard Chartered Bank’s wealth management operations in more than 30 countries will enable it to save significant hardware and maintenance costs, introduce much higher levels of automation and extract economies of scale as it grows. The system upgrade allows for significantly enhanced customer service through faster fulfilment, better reporting and more personalisation given enhanced analytics and portfolio management capabilities. Clients can also expect better access to a suite of wealth management products and a more consistent customer experience across segments and markets.

Andreas Andreades, Executive Chairman at Temenos, commented: “Banks across the world are making big strategic bets on the growth potential of the wealth management industry. Delivering that growth requires banks to offer a wide range of competitively-priced products and provide great customer experiences. To be successful, what will count is both a sound strategy and the technology to execute against it. With WealthSuite, our client will have the platform to sustainably differentiate its customer proposition in a highly competitive marketplace.”

Temenos will report its Q2 financial results on 20 July 2016.