Temenos has announced that Metropolitan Bank & Trust (Metrobank), one of the Philippines’ largest banks, will implement Temenos Wealth.
The move strengthens the bank’s position in the competitive wealth management industry, further cementing Metrobank’s mark as the preferred partner for high net worth and ultra high net worth clients.
With Temenos Wealth, Metrobank gains access to the latest Temenos digital banking capabilities such as wealth analytics with embedded responsible AI, digital onboarding capabilities and self-service functionality, including robo-advisory and goal-based planning.
Metrobank will also benefit from Temenos’ advanced technology platform and composable API-driven architecture to extend and integrate the solution with existing and third-party applications, helping to reduce cost and risk while simultaneously increasing business agility.
Ramki Ramakrishnan, Managing Director of Asia Pacific at Temenos, said: “We are proud to welcome Metrobank as a key customer for Temenos in the Philippines and to support them with the digital transformation of their wealth management business.
“With clients among the largest global financial institutions and boutique firms, Temenos Wealth is the de facto software solution for the private wealth management industry. With proven solutions and a robust presence in the Philippines we are committed to support Metrobank and its future growth.”
Developed specifically for advisors and portfolio managers, Temenos Wealth gives Metrobank a central view of important client information and will power portfolio management at scale, with increased productivity by automating investments, order generation, and compliance checks.
The Temenos solution will be implemented by Temenos Delivery Partner, CBTW – a global company creating and delivering tech and business solutions.
Fernand Antonio Tansingco, Financial Markets Sector Head, Metrobank, added: “We are excited to partner with Temenos and adopt their technology to modernise our wealth management capability.
“As a Bank that prides itself in helping our clients preserve their wealth to build lasting legacies not just for themselves, but also their families, we are always in search for innovative solutions that will allow us to provide a better experience for our clients. With Temenos onboard, we can continue to provide a highly personalised service to our customers.”
