Banking software company Temenos has added several new investment advisory features to its Digital Wealth solution, enabling banks and wealth management firms to grow their High-Net-Worth user base.
With the new features, Private Wealth Managers (PWMs) will be able to give clients instant, real-time visibility into their portfolio and streamline engagement with digital workflows.
They will be able to easily track their portfolio health against investment objectives across a range of key metrics such as asset allocation, risk, and investment constraints. This enables the clients to review their investor profile and adjust their target strategy.
Clients can also receive and respond to investment proposals and connect virtually with their relationship manager with integrated video chats and co-browsing by leveraging Temenos Exchange partners from within a mobile app.
Additionally, Temons said that PWMs can leverage its accelerator app, flexible components and low-code tooling to redesign the complete customer experience for their specific needs and apply their unique brand.
When consumed as SaaS on Temenos Banking Cloud, the solution helps banks accelerate digital and reduce the cost of development.
Temenos’ clients include Schroders, Mirabaud, new digital challengers such as Alpian as well as the international division of an unnamed tier-1 US bank.
Alexandre Duret, Senior Product Director, Temenos said,
“In the face of increased competition, the new advisory capabilities of our Digital Wealth solution provide established players the opportunity to stay relevant and expand their footprint with the new generation of High-Net-Worth customers.
Importantly, the solution enhances the digital interactions while supporting a hybrid-model that ensures optimal engagement between client and their relationship managers.”