The Dutch banking group ABN Amro has selected Temenos' integrated wealth management platform to support its international private banking business.
Temenos' WealthSuite is said to cover the full private banking value chain, with portfolio management services, fully MiFID compliant advisory, relationship management support, full straight-through processing (STP) order execution and transactions settlement.
"To be successful in the digital age, the wealth management industry will need to simultaneously drive back-office efficiency and scalability while developing a highly personalised multi-channel customer experience," says Jean-Michel Hilsenkopf, managing director EMEA for Temenos. "This is what WealthSuite enables private wealth managers to do and why ABN Amro has selected it."
Since the bank is already using Temenos T24 as its core banking platform, the roll out of WealthSuite will allow the institution to consolidate its applications and services throughout its private banking unit in order to have one operational core banking platform with one operating model across multiple business lines.
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