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Metrobank joins Temenos to boost its wealth management business

By Gloria Mathias

March 13, 2024

  • APAC Fintech
  • APAC news
  • Asia News
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Metropolitian Bank, Metro Bank, Temenos, HNI, Wealth Management business, Fintech News, APAC News, APAC Fintech, Philippines, Metropolitan Bank & Trust Co. (Metrobank) has partnered with Temenos and collaborated with Betters the World (CBTW) to implement Temenos Wealth, strengthening the bank’s position in the competitive wealth management industry in the Philippines. This move further cements Metrobank’s mark as the preferred partner for high-net-worth and ultra-high net-worth clients.

With Temenos Wealth, Metrobank gains access to Temenos digital banking capabilities such as wealth analytics with embedded responsible AI, digital onboarding capabilities, and self-service functionality, including robo-advisory and goal-based planning. Metrobank also benefits from Temenos’ advanced technology platform and composable API-driven architecture to easily extend and integrate the solution with existing and third-party applications, helping to reduce cost and risk while increasing business agility.

Developed specifically for advisors and portfolio managers, Temenos Wealth gives Metrobank a central view of important client information and will power portfolio management at scale, with increased productivity by automating investments, order generation, and compliance checks.

The Temenos solution will be implemented by Temenos Delivery Partner, CBTW, a global company creating and delivering tech and business solutions.

Fernand Antonio Tansingco, Financial Markets Sector Head of Metrobank, said, “We are excited to partner with Temenos and adopt their technology to modernise our wealth management capability. As a bank that prides itself on helping our clients preserve their wealth to build lasting legacies not just for themselves, but also for their families, we are always in search of innovative solutions that will allow us to provide a better experience for our clients. With Temenos onboard, we can continue to provide a highly personalised service to our customers.”

Ramki Ramakrishnan, Managing Director, Asia Pacific, Temenos, said, “We are proud to welcome Metrobank as a key customer for Temenos in the Philippines and to support them with the digital transformation of their wealth management business. With clients among the largest global financial institutions and boutique firms, Temenos Wealth is the de facto software solution for the private wealth management industry. With proven solutions and a robust presence in the Philippines, we are committed to supporting Metrobank and its future growth.”

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