ABN Amro extends Temenos relationship to private banking
ABN Amro plans to implement the Temenos WealthSuite integrated wealth management platform for its international private banking business.
The bank has been using the Temenos T24 core banking platform as the hub for its corporate banking activities since 2009. With the implementation of the Wealth Suite platform it will also be able to extend the use of T24 to its private banking and diamond & jewellery business, meaning it has one operational core banking platform with one operating model across multiple business lines.
Temenos’ WealthSuite is an integrated suite of front to back applications that covers the full private banking value chain including multi-channel client access and services, portfolio management, MiFID compliant advisory and relationship management support, full STP order execution and transactions settlement as well as an integrated business intelligence solution for management information requirements. By consolidating applications on the Temenos platform, the bank anticipates significant operational efficiencies that will help it better respond to market demands.