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Temenos to Power Wealth Management Solution for Standard Chartered

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Banking software provider Temenos scored a new client for its WealthSuite solution this week. Standard Chartered Bank has selected the Switzerland-based company’s wealth-management offering to deploy to clients in more than 30 markets.

The banking giant opted for WealthSuite to increase automation and standardize operations to benefit from economies of scale. Standard Chartered expects the upgrade to bring faster fulfillment, better reporting capabilities, higher levels of personalization, and a more consistent user experience.

Founded in 1993, Temenos debuted its Connect Mobile Banking suite at FinovateEurope 2015. The product suite offers multi-device banking solutions to deliver a consistent user experience across mobile, web, smart TV, and even smart watches. To start the demo the company’s UXP Product Director, Dharmesh Mistry, said, “It’s no longer possible to provide all of your applications by writing code, and writing them individually for individual devices. A different approach is required. Temenos has launched the smart hybrid platform and marketplace to solve this exact problem.”

Temenos employs 4,000 people across 130 countries, has profits of over $130 million and a market cap of $3+ billion. The company processes daily transactions of 500+ million banking customers for 2,000+ firms across the globe, including 38 of the top-50 banks. Earlier this year, Temenos won The Banker Middle East’s award for Best Core Banking System.