Nordea Investment Funds selects Temenos Multifonds to scale its business
By Leandra Monteiro
Temenos, the banking software company, announced Nordea Investment Funds SA, the largest asset manager in the Nordics, and part of the Nordea Group, has chosen Temenos Multifonds to transform its investor servicing activities in Luxembourg. Replacing existing on-premise systems with a modern technology solution in the cloud will enable the firm to scale and future-proof its operations.
The collaboration with Temenos will enable Nordea Investment Funds to consolidate multiple systems on a single, cloud-native global platform, increasing efficiencies, reducing risk, and digitalizing operations and client interfacing. In particular, the firm can leverage a flexible retrocessions engine that can be customized to meet changing investor needs, with flexible accrual calculation and payment functionality, as well as fully integrated SWIFT connectivity to send and receive messages directly.
With Temenos’ cloud capabilities and API framework, Nordea Investment Funds will be able to scale efficiently, with agility and flexibility, to cater to the needs of the asset management industry now, and into the future.
Nordea Investment Funds will use the Temenos migration tool and benefit from its expertise serving 9 of the top 15 transfer agents in Luxembourg to deliver a rapid implementation and time to value.
Markku Kotisalo, Head of Fund Administration, Nordea Investment Funds said, “At Nordea Investment Funds, we are committed to our clients’ success with services and solutions that adapt to their evolving needs. Improving our technology infrastructure with key partners such as Temenos is core to this strategy. Temenos open technology, built on cloud-native components, will allow us to bring new services to market faster to enhance the client experience and scale efficiently to support increased volumes. We look forward to our collaboration with Temenos on this important project.”
Oded Weiss, Managing Director, Temenos Multifonds said, “We are proud to support Nordea Investment Funds in transforming its transfer agency capabilities in Luxembourg. They share our belief in the power of open technology and the cloud to unlock innovation and drive growth. With Temenos, Nordea is future-ready to continue to enhance client service and scale efficiently for the digital era.”
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