Greece-based Eurobank selects Temenos Wealth solution

By Megha Bhattacharya

Temenos today announced that Eurobank in Greece has selected Temenos Wealth to strengthen its position in wealth management and affluent segment services. The Bank will create a fully digital investment portfolio management service offering Robo-Advisor and Goal-Based Investing apps to target the mass affluent and affluent market. With the Temenos solution, Eurobank will combine a back-office and product-building engine with modern omnichannel customer experiences powered by AI to meet the segments’ high expectations.

Stavros Ioannou, Eurobank’s Deputy Chief Executive Officer and Group Chief Operating Officer commented, “We have selected Temenos to unify all our investment portfolio operations on a single, modern technology platform. We are working intensively and at all levels, towards completing our digital transformation, constantly upgrading our systems, structures and services, adopting to current trends and increased appetite for concrete, safe and innovative digital services, quickly and effectively. Always putting our clients first, we believe that this new agreement and Temenos’ expertise will enable us to provide new, functional solutions to our customers, helping them simplify their everyday lives and their wealth’s management.”

Temenos Wealth covers all the front-to-back needs of a modern wealth management firm, from digital wealth to CRM to portfolio management, securities and core processing, market data management, analytics, AI and more. Its modular design will enable Eurobank to implement the components they need.

David Macdonald, President – Europe, Temenos, said, “Temenos is proud to extend its relationship with Eurobank for the platform modernization of its wealth operations in Greece. Temenos’ market-leading technology will enable Eurobank to create enticing front-office experiences while achieving back-office efficiency with a high degree of automation. This capability is essential to provide the services that customers expect at attractive price points, helping Eurobank gain new customers and prepare for the future.”

Recently, Temenos announced that Barko Financial Services (BFS), a leading microfinance institution in South Africa, has gone live on Temenos Software-as-a-Service, making it faster and easier for South Africans to access finance remotely during the pandemic.