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ABN Amro to use Temenos platform for wealth management

ABN Amro Bank has introduced an integrated wealth management platform called WealthSuite for its international private banking business. The bank will use Temenos applications in both its private and corporate banking operations. It has been operating the T24 CBS of Temenos since 2009 as the hub for its corporate banking activities. The move extends the use of T24 to its private banking and diamond & jewelry business, meaning one operational core banking platform with one operating model across multiple business lines. The Temenos suite is integrated front to back applications covering the full private banking value chain including multi-channel client access and services, portfolio management, fully MiFID compliant advisory and relationship management support, full STP order execution and transactions settlement. It also has a fully integrated business intelligence solution for management information requirements. By consolidating applications on the Temenos platform, the bank anticipates significant operational efficiencies that will help them better respond to market demands.

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