Swiss banking software provider Temenos has announced new investment advisory features in its digital wealth solution to enable banks and wealth management firms to enhance the digital experience.
The new functionality of its digital wealth solution is expected to help banks and wealth management enterprises to engage and tap growth with high-net-worth clients.
With the new advisory features, private wealth managers are anticipated to offer customers instant, real-time visibility into their portfolio and optimise engagement with digital workflows.
The digital wealth solution with added features will help clients to easily track portfolio health related to investment objectives across several key measures including asset allocation, risk, and investment constraints, said Temenos.
Besides, customers are expected to review their investor profile and adjust their target strategy.
Temenos senior product director Alexandre Duret said: “In the face of increased competition, the new advisory capabilities of our Digital Wealth solution provide established players with the opportunity to stay relevant and expand their footprint with the new generation of High-Net-Worth customers.
“Importantly, the solution enhances the digital interactions while supporting a hybrid model that ensures optimal engagement between clients and their relationship managers.”
With the help of Temenos exchange partners and integrated video chats, the new capabilities will also enable clients to receive and reply to investment proposals, as well as engage virtually with their relationship manager.
All of these are expected to be done within a mobile app.
The Temenos accelerator app, flexible components, and low-code tooling are also expected to be used by private wealth managers to reinvent the whole client experience to suit their particular requirements and include their own brand.
By using the solution as software as a service (SaaS) on Temenos Banking Cloud, banks are anticipated to expedite digital and reduce the development cost.
