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Temenos to boost Schroders’ growth strategy with Wealth Front Office

By Megha Bhattacharya

January 27, 2021

  • Switzerland
  • Temenos

Temenos today announced that Switzerland-based Schroders Wealth Management has selected its Wealth Front Office with an aim to automate and enhance its advisory business. According to Temenos, Schroders Wealth Management will implement the portfolio management system on its Transact core banking platform, thus enhancing capabilities for relationship managers, advisers and portfolio managers.

Giovanni Leonardo, Head of Investment, Schroders Wealth Management, Switzerland, commented, “We chose Temenos Wealth Front Office following a selection process to support our advisory business in Switzerland. The software handles all the complex processes and stringent regulations involved in advisory portfolio management, allowing our relationship managers to focus on the needs of our clients. It also provides the flexibility and efficiency we need in discretionary portfolio management.

According to Temenos, the new solution includes dashboards for relationship managers and portfolio managers, client and investment profiling, investment proposal process, advanced order generation, comprehensive pre-and post-trade compliance checks, flexible benchmarking and performance reporting. It also provides a range of portfolio modelling and rebalancing tools, covering a wide range of assets, in a user-friendly and highly intuitive user experience.

David Macdonald, President of Europe, Temenos, said, “We are proud to extend our long-term relationship with Schroders Wealth Management. As the bank seeks to grow and expand its service offering, Temenos Wealth Front Office will help to deliver an enhanced service, greater efficiency and consistent experience for its high and ultra-high net worth clients, leading to greater customer longevity and new business opportunities.”

Recently, Temenos announced that its challenger banking client base has reached beyond 60. The company provides a front-to-back SaaS offering, enabling challenger banks to accelerate launch and boost service offering to customers. Temenos has been selected by banks including Alba, Alpian, Banco del Sol, Flowe, FlowBank, Lunar, Next Commercial Bank, Pepper, Varo Bank, and WeLab Bank. The news follows the company’s launch of new services such as SME onboarding, Sandbox, multi-currency accounts, etc.

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