Temenos Showcases New Portfolio Management Offerings

Extensive two year investment in R11 Triple’A Plus equips private banks with better advisory and risk management capabilities.

Temenos (SIX: TEMN), the market leading provider of banking software, today launched the latest version of its portfolio management system Triple’A Plus R11, showcasing a host of new and unique functionality to enable private banks to improve advisory services with value added customer propositions.

As part of Temenos’ ongoing commitment to research and development and the continuous improvement of its solutions in response to new market and customer requirements, Triple’A Plus’ front-end has been completely redesigned, making it the most configurable solution in the private wealth front-office market. Customers can now adapt the web user interface independently without any programming knowledge. As the pace of change increases, the ability of financial institutions to adapt is more critical than ever before. Greater regulatory pressure, increasingly sophisticated clients and frequently changing business processes require smart configuration tools that improve agility and lower the total cost of ownership. The high adaptability of Triple’A Plus enables banks to quickly address evolving business requirements while saving on implementation and maintenance time and costs.

Triple’A Plus R11 also features major enhancements in the areas of proposal generation, performance attribution and portfolio risk management. Private banks can now take advantage of a new web front-end with an advanced navigation system and intuitive access to all relevant business functionality. Triple’A Plus’ architecture has been optimised to support larger volumes, stronger performance and ease of use. The new Java infrastructure, hiding the complexity of the underlying technical components and linking resources on demand, gives portfolio managers faster access to information to boost business agility and exception-based portfolio management using dashboards and multi criteria queries.

Aimé Achard, Chief Operating Officer, Banque Cantonale Vaudoise, an early adopter of Triple’A Plus R11, commented: “Triple’A Plus has been supporting our portfolio management business for more than a decade and we have been able to take advantage of enhancements that have been made over the years, allowing our investment process to be embedded with the system. Temenos has been continuing to improve the platform; thanks to the increased functional richness of Triple’A Plus all our requirements from advisory and discretionary to institutional private banking are supported by one single solution. The fact that we can serve more business segments with Triple’A Plus allows us to align our processes and simplify our infrastructure for greater consistency, data accuracy, operational efficiency and improved customer service.”

Triple’A Plus R11 now offers enhanced performance attribution functionality which gives client advisors greater insight into the performance results for a wider set of instruments and across multiple levels. Responding to the rising demand for investment advice, the Triple’A Plus Proposal Generator has been enhanced to facilitate and automate the generation of investment proposals. Triple’A Plus R11 also features a new portfolio risk module to empower portfolio managers and client advisors with practical information to better analyse and control the risks associated with investing.

Isabella Fonseca, Research Director Wealth Management, Securities and Investments, Celent comments: “With the ongoing transition from discretionary to the advisory business, advisors need the appropriate tools to generate investment proposals and be able to provide qualitative advice. New regulations and more demanding customers are forcing private banks to invest into new technology tools that facilitate portfolio management functionalities and the complex process of the investment proposal generation, which will become indispensable in the future.”

Jean-Michel Hilsenkopf, Managing Director, Temenos Private Wealth Management comments: “Triple’A Plus R11 is the result of two years’ dedicated work and engagement with customers and market experts to understand and anticipate the needs of private banks and turn them into reality. We’ve had very positive feedback from existing and potential clients especially on the proposal generation and personalisation functionality. The strong adaptability of the user interface has been highlighted as being unique in the market and thanks to the powerful capabilities of R11 another large financial group has recently joined the Triple’A Plus user community.”

The new T24-Triple’A Plus interface enables existing T24 customers to harness the powerful features of R11 to create a best-of-breed private wealth management platform. T24 with Triple’A Plus offers an integrated multichannel front-to-back office private banking solution, which provides sophisticated portfolio management functionality to high net worth and ultrahigh net worth clients, allied to comprehensive back office support and the unparalleled breadth of product coverage of T24.