Temenos strengthens foothold in the US with latest signing
Temenos Community Forum, Lisbon, 24 May 2011 – Temenos (SIX: TEMN), the market leading provider of banking software, today announced that First Hawaiian Bank (FHB), Hawaii?s oldest and largest bank, will implement WealthManager, an industry leading front-office platform designed to achieve client centricity and give financial advisors a holistic approach to wealth management by consolidating portfolio and client data. Already a domestic market leader in retail banking, this will allow FHB to continue to grow its wealth management business by providing wealth advisors with a single, aggregated 360 degree customer view for best in class service delivery.
The system will allow FHB„s wealth advisors to centralise portfolio information, including managed and external assets across trust, brokerage, banking and insurance onto one platform, giving the advisors a single view of each client?s financial profile. WealthManager will provide FHB with a broad suite of modules and rich functionality to reduce the current number of systems, boosting operational efficiency and helping to lower overall costs.
FHB has licensed the full WealthManager suite to manage the entire wealth management lifecycle for its high net worth clients including performance measurement, client reporting, monitoring asset allocation, and tracking against the client?s Investment Policy Statement. WealthManager will help to automate the bank?s front-office processes and deliver comprehensive integration of customer relationship management (CRM) and portfolio management to support exceptional client service delivery. The platform?s intuitive web user interface and relationship centric approach automatically links all activity with the client record to offer user friendly navigation, saving staff time and increasing productivity.
Private clients will also benefit from online access to portfolio information online using WealthManager?s client portal to monitor and evaluate their statements, aggregated assets, transactions, asset allocation and performance.
“To serve our customer?s needs successfully, we have to see their financial situation as a whole. By aggregating data from multiple legacy systems using WealthManager, we provide a more complete picture to our portfolio managers, advisors and trust officers”, according to Corbett Kalama, Executive Vice President, FHB Wealth Management Group, “We now have a highly scalable, multi-lingual, multi-currency solution to give us a seamlessly integrated environment to serve all client segments, which interfaces and co-exists with our legacy systems, as well as offering ease of integration with multiple back offices and custodians.”
“We are delighted to welcome First Hawaiian Bank, our first customer in Hawaii, into the Temenos community. We look forward to working with its forward-thinking wealth management team to implement WealthManager and support the bank?s vision of becoming a leader in this market segment,” says Jean-Michel Hilsenkopf, Managing Director, Temenos Private Wealth Management. “With this latest signing, Temenos continues to strengthen its foothold in the US and positions WealthManager as the technology platform of choice for leading wealth management firms in the region.”
About First Hawaiian Bank
First Hawaiian Bank (FHB) was founded in 1858 and is Hawaii?s oldest and largest bank. FHB?s holding company, BancWest Corporation, is a wholly owned subsidiary of BNP Paribas, a leading global financial services institution.
FHB has assets of over $15 billion with 58 branches in Hawaii, three on Guam and two on Saipan.
About Temenos
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with more than 60 offices worldwide, Temenos serves over 1100 customers in more than 120 countries. Temenos? software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos? experience in over 600 implementations around the globe. Temenos? advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations. Temenos is top of the IBS Sales League Table 2010; winner every year since its launch of the Best Core Banking Product in Banking Technology magazine?s Readers? Choice Awards and ranks 26th in the American Banker top 100 FinTech companies Temenos customers are proven to be more profitable than their peers: data from The Banker – top 1000 banks shows that Temenos? customers enjoy a 54% higher return on assets, a 62% higher return on capital and a cost/income ratio that is 7.2 points lower than non-Temenos customers.
For more information please visit www.temenos.com
Other Temenos contacts:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Sarah Bowman
Associate Director, Investor Relations
Tel: +1 646 472 8069
Mob: +1 646 752 5463
This email address is being protected from spambots. You need JavaScript enabled to view it.
Petra Shuttlewood
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Claire Barry
Hudson Sandler for Temenos
T +44 (0)20 7710 8940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Lucy Clark
Hudson Sandler for Temenos
T +44 (0)20 7710 8934
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.