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Temenos positioned the furthest for its wealth management product strategy and the strength of its offering

GENEVA, Switzerland, April 05, 2022 – Temenos (SIX: TEMN), the cloud banking platform, has been named a leader in The Forrester Wave™: Digital Wealth Management Platforms (DWMP) for Q1 2022.

“its innovation hub focuses on explainable AI/ML; environmental, social, and governance (ESG) capabilities; digital assets; and advanced analytics”Tweet this

Temenos received the highest scores in the strategy and current offering categories. The report states, “Temenos excels in most areas of product functionality…”, and “its innovation hub focuses on explainable AI/ML; environmental, social, and governance (ESG) capabilities; digital assets; and advanced analytics”

 “Temenos’ wealth platform offers broad, off-the-shelf business capabilities along with access to a broad array of third-party fintech solutions. […] Temenos is a good choice for financial institutions worldwide looking for broad business capabilities, strong data and analytics, and a vendor with access to a global partner community and large marketplace of fintech solutions through its Temenos Exchange platform.”

The report, authored by Vijay Raghavan, Senior Analyst, Forrester, states

“Temenos stands out for its end-to-end digital wealth management capabilities. As one of the most established vendors in the DWMP space, Temenos’ knowledge of different markets has given it a diverse customer base in Europe, APAC, the Middle East, and Latin America, with a target of increasing market share in North America. Temenos excels in most areas of product functionality and has a roadmap and planned enhancements to ensure they will continue to do so.”

According to the Forrester report

The Forester Wave™ evaluates the 12 most significant digital wealth management platform vendors against 27 criteria according to their current offering, strategy and market presence. Temenos received the highest possible score for various categories of the evaluation, including the Customer Experience, Execution Roadmap, Partner Ecosystem, and Planned Enhancements categories.

“We are proud of our leadership in this Forrester Wave, which is a testament to our continued investment in wealth management technology. With narrowing margins in retail, banks are focusing on wealth management in search of higher returns and business model diversification. The industry is also seeing a rapid change with a global generational transfer of wealth, steady growth of high-net-worth individuals, new asset classes, and new regulations. With superior digital customer experience, hyper-personalized services and highly automated processes powered by Temenos, these trends present real opportunities for wealth management firms to retain customers and attract a new generation of investors.”

Max Chuard, Chief Executive Officer, Temenos, said

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