Temenos Wins Prestigious Private Banking Award

Temenos (SIX: TEMN), the market leading provider of banking software, is pleased to announce that it has been awarded Outstanding Private Banking Platform at the 2011 Private Banker International (PBI) Global Wealth awards.

The PBI awards, which reflect excellence across a range of private banking categories, are regarded as the most credible in the industry, voted by and for the industry. Temenos beat off competition from Avaloq and CAIS Funds for the accolade.

At the PBI awards gala dinner in Singapore where over 190 guests from leading private banking institutions were present, Nicholas Moody, editor of PBI commented: “Temenos’ acquisition of Odyssey last year has created a significant force in private banking technology providers. Its combination of core back office functionality and portfolio management software gives a front-to-back solution that is used by an estimated 120 clients globally. Its wealth practice now makes up almost a quarter of Temenos’ revenue as it looks to harness the estimated 25% growth in the private wealth software market in the next two years. The fact that it continues to sign on clients, including EFG and Bankhaus Main, indicates its strong market position.”

Following its acquisition of Odyssey Financial Technologies in 2010, Temenos has enjoyed many successes in private wealth management; this award is testament to this. So far in 2011, Temenos has had 10 new wealth management organisations licence its products and has taken 14 banks into live operation.

Jean-Michel Hilsenkopf, Director, Temenos Private Wealth Management, commented: “We are delighted to be adding such a prestigious award to our industry accolades. Coupled with the significant success we’ve had in the area of private wealth management this year, this award highlights how successfully our acquisition of Odyssey has been integrated into the Temenos portfolio, as well as positioning Temenos as the private banking software specialist of choice across the globe today. Temenos is committed to providing private banks with the best in class solutions required to respond to today’s ever changing, increasingly complex market requirements. We look forward to building on our success by continuing to evolve our offerings to help private banks do business better”.

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