GENEVA, January 23, 2013 /PRNewswire/ --
Temenos (SIX: TEMN), the market leading provider of banking software, today announces it has been awarded a 'top advisor solution' accolade in Aite Group's latest report 'European and Asia-Pacific Wealth Management Technology Players: Dec 2012'.
The report recognises Temenos as 'the most global of providers, with deployment in all major regions around the world, strong positions in both North American and European markets, and a growing presence in Asia.' It goes on to state that Temenos 'stands out as the vendor best placed to meet the mass-affluent wealth management technology needs for large financial institutions with multinational operations'.
Aite Group also recognised Temenos' recent acquisition of user experience platform (UXP) developer, edge IPK, as strengthening Temenos' 'ability to provide multichannel deployments, including online direct-to-consumer solutions and tablet applications for advisors and end clients'.
David Arnott, Temenos CEO, said: "Temenos is both excited by the market potential and strongly focused on the wealth management market. We have made significant investments - including the acquisition of edge IPK to boost our multichannel capabilities - to ensure that our PWM solutions stay ahead of the rest of the market and, as such, it is great to receive this recognition from Aite Group. We are confident that our proposition for the PWM market is unbeatable: a complete portfolio of open, integrated and best-in-class solutions which help our customers to prosper in an era of tougher regulations, stronger competition and more exacting customer requirements."
Sophie Schmitt, Aite Group, Senior Analyst and co-author of the report, commented: "In addition to the firm's global reach and integrated wealth management platform, Temenos also offers best-in-class client onboarding and financial planning capabilities through partnerships with Appway, PlanPlus and NaviPlan. Advisors and relationship managers using Temenos' suite of capabilities are well positioned to provide the differentiated client experience which engenders strong and enduring client relationships."
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and financial institutions. Headquartered in Geneva with more than 55 offices worldwide, Temenos software is proven in over 1,500 customer deployments in more than 125 countries across the world. Temenos' products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos' expertise around the globe. Temenos customers are proven to be more profitable than their peers: in the period 2008-2010, Temenos customers enjoyed on average a 30% higher return on assets, a 46% higher return on capital and an 8.5 percentage point lower cost/income ratio than banks running legacy applications.
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