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Temenos Launches ESG Investing-as-a-Service for Banks and Wealth Supervisors


May 24, 2022
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GENEVA, Switzerland–( SERVICE WIRE)– Temenos (6: TEMN) today released ESG Investing-as-a-service, assisting banks and wealth supervisors fulfill the growing need for sustainable investing. The offering was revealed to 1,500 banking and fintech executives at Temenos Neighborhood Online Forum in London.

Operating On Temenos Banking Cloud, on any cloud or on-premise, the service speeds up time-to-market for ESG certified items and reporting while lowering the expense of advancement. The service integrates Temenos front workplace, market information management and digital abilities, consisting of effective filtering, scoring and modeling strategies, with external information feeds from numerous service providers to provide a total end-to-end service.

ESG investing, likewise called sustainable, socially accountable, or effect investing, is a method of buying business based upon their dedication to several ESG elements. It provides a big chance for banks and wealth management companies to drive development and distinguish to fulfill their customers’ progressively advanced ESG requirements.

According to analysis by Bloomberg, international ESG properties are on track to surpass $53 trillion by 2025, representing more than a 3rd of the $140.5 trillion in forecasted overall properties under management. Worldwide efforts supporting this pattern are likewise acquiring momentum, such as the UN Global Compact, the world’s biggest business sustainability effort, backed by 16,000 organizations in 162 nations.

Utilizing the Temenos ESG Investing service, banks can rapidly produce financial investment items and power advanced digital experiences that enable financiers to select significant financial investments and construct a portfolio around their own worths.

The service supplies pre-integration to third-party information suppliers with easy-to-understand scores to assess numerous ESG elements. These consist of ecological elements such as carbon footprint and water use, social elements such as variety and gender equality, and governance elements such as executive settlement.

Marc Vanvilthoven, Item Owner and Consumer Journey Specialist Investments, ING, stated: “We have a lasting collaboration with Temenos and its wealth management service permits us to provide to our personal banking clients advisory and discretionary management services. At ING, we constantly wish to provide first-rate services to our customers. Temenos ESG Investing can speed up time-to-market for ESG certified items while lowering the expense of advancement and embracing basic functions.”.

Alois Pirker, Director, Wealth Management Practice, Aite-Novarica Group, commented: “ Wealth supervisors’ need for trustworthy, trustworthy, and transparent ESG information has actually never ever been greater. Aite-Novarica Group anticipates sustainable investing AUM to increase from its existing level of US$ 35.3 trillion by 7% per year through 2025 1 For that reason, we securely anticipate increased efforts for more information standardization, higher need for informative ESG information from trustworthy information sources, and much deeper effect reporting platforms. Temenos’ brand-new offering, ESG Investing-as-a-Service, satisfies these requirements and uses wealth supervisors a clear course to deal with growing client need for in-depth information and openness associating with their financial investment options.”.

Alexandre Duret, Item Director– Wealth, Temenos, stated: ” At Temenos, our function is to power a world of banking that develops chances for everybody. With the brand-new ESG Investing service, we will assist personal banks and wealth supervisors to end up being certified, and their clients invest with a function. Readily available as a service on our open platform for composable banking, it supplies a fast lane for our banking customers to introduce ingenious ESG financial investment items underpinned by robust, certified procedures, consisting of brand-new MiFID guidelines relevant in the EU from August 2022.”.

Temenos has actually embedded sustainability within its operations, worth chain and item offering, with strong ESG governance, reporting and quantifiable targets. The business has actually backed the United Nations Global Compact (UNGC) and supports the UN Sustainable Advancement Goals (SDGs). In addition to the FTSE4Good and S&P Sustainability Indices, Temenos has actually likewise been granted an A- ranking by the Carbon Disclosure Job (CDP) and acquired platinum acknowledgment, putting Temenos amongst the leading 1% entertainers evaluated by EcoVadis.

— Ends–.

About Temenos

Temenos AG (6: TEMN) is the world’s leader in banking software application. Over 3,000 banks around the world, consisting of 41 of the leading 50 banks, depend on Temenos to process both the everyday deals and customer interactions of more than 1.2 billion banking clients. Temenos uses cloud-native, cloud-agnostic and AI-driven front workplace, core banking, payments and fund administration software application making it possible for banks to provide smooth, omnichannel client experiences and get functional quality.

Temenos software application is shown to allow its top-performing customers to attain cost-income ratios of 26.8% half the market average and returns on equity of 29%, 3 times the market average. These customers likewise invest 51% of their IT budget plan on development and development versus upkeep, which is double the market average, showing the banks’ IT financial investment is including concrete worth to their company.

To find out more, please see www.temenos.com

1 Information priced quote from ‘ESG Data Market Characteristics Within Wealth Management’– Aite Novarica, December 2021.

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