Bankhaus Main, an independent private bank in Germany, has implemented the Temenos Triple’A Plus portfolio management system (PMS), ahead of the launch of a new online banking portal this summer, which will use the solution to offer High Net Worth Individuals (HNWIs) quick and detailed information about the status and recent performance of their assets under management.
The new portfolio management system is the culmination of a 12 month project to overhaul the back-office operations and front-end presentational systems at Bankhaus Main with the aim of improving transparency and customer service. The Temenos solution provides enhanced portfolio management functionality and also analytical tools to aid reporting and detailed evaluations of cash flow, revenue and stock market performance, producing in-depth client reports on demand.
Commenting on the project, Andreas Leonhardt, chief financial officer (CFO) at Bankhaus Main, said: “Triple’A Plus offers us the right functionality to deliver new products and services to grow our business quickly. It fits the distinct needs of our HNWI clients and gives us the opportunity to provide to them a complete overview over all their investments, including private equity and other non-standardised products.”
“We will shortly launch a new online banking portal based on Triple’A Plus to provide our customers with prompt and detailed information on the status and performance of their assets, he went on to explain, “so that they can evaluate their investment risks better.”
By Neil Ainger