Human management

Swiss Private Bank Selects Temenos to Digitally Transform Wealth Management Services

GENEVA–(BUSINESS WIRE)–Temenos (SIX: TEMN), the cloud banking platform, today announced that Mirabaud, the Swiss private bank, has chosen Temenos to transition from a traditional on-premise system to a digital wealth management platform for end-to-end on Temenos Cloud Banking.

With the transfer of generational wealth, new regulations and the growth of asset classes such as private equity and digital assets, Temenos Banking Cloud gives Mirabaud the agility to quickly adapt to changing opportunities investment and customer expectations.

Mirabaud will adopt the full suite of Temenos banking capabilities, from self-service channels and wallet management to back-office processing, including payments, financial crime mitigation and Data Lake. The breadth and depth of Temenos’ wealth management capabilities will enable Mirabaud to deliver a digital client experience with personalized services and highly automated processes.

Confidentiality is and will always remain an absolute key consideration for Mirabaud in the selection of its business partners. Temenos has demonstrated its advanced technology architecture to deliver the most secure cloud-native platform. All personal data is fully encrypted and tokenized, ensuring that no customer identifying information is ever stored on Temenos systems.

Camille Vial, Managing Director of Mirabaud, said“This key investment for the Mirabaud Group is a clear demonstration of our dedication to our customers, positioning us as a leading partner for them today and for generations to come. We work to continue to adapt quickly to their needs and market trends without ever losing sight of our vision and our core values ​​to combine our passionate entrepreneurial and human approach with cutting-edge technology.

Max Chuard, CEO of Temenos, said: “Mirabaud is one of the oldest and most established banks in Switzerland. Their success has always been based on a passionate and human approach to clients, but they recognize that wealth management is changing rapidly. There is growing competition and a new generation of customers who expect a human touch combined with the power of technology. Adopting the latest SaaS technology for their end-to-end platform will accelerate their digital transformation, allowing them to continue delivering an exceptional customer experience. Today and tomorrow. »

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About Temenos

Temenos AG (SIX: TEMN) is the world leader in banking software. More than 3,000 banks worldwide, including 41 of the top 50 banks, trust Temenos to handle both day-to-day transactions and customer interactions for more than 1.2 billion banking customers. Temenos offers cloud-native, cloud-independent and AI-powered front office, core banking, payment and fund administration software, enabling banks to deliver seamless omnichannel customer experiences and reach operational excellence.

Temenos software has been proven to enable its top performing customers to achieve cost-to-income ratios of 26.8%, half the industry average, and returns on equity of 29%, three times the industry average. These customers also invest 51% of their IT budget in growth and innovation versus maintenance, twice the industry average, proving that banks’ IT investment adds tangible value to their business.

For more information, please visit www.temenos.com.