Standard Chartered Bank has deployed Temenos' WealthSuite integrated wealth management solutions across more than 30 markets.
"Banks across the world are making big strategic bets on the growth potential of the wealth management industry. Delivering that growth requires banks to offer a wide range of competitively-priced products and provide great customer experiences," said Andreas Andreades, Executive Chairman at Temenos, in a press statement.
WealthSuite provides back office standardisation alongside front office differentiation. It combines core banking solutions, portfolio management, channels and analytics in one platform.
According to Temenos, the WealthSuite will enable the bank to save significant hardware and maintenance costs as well as introduce higher levels of automation and extract economies of scale as it grows.
In addition, the system upgrade enhanced the analytics and portfolio management capabilities of the bank to improve customer experience through better reporting and personalisation.
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