Temenos: Eurobank EFG Luxemburg implementiert Triple’A Plus

Andreas Andreades
Andreas Andreades, Executive Chairman Temenos.

Andreas Andreades, CEO Temenos

Genf – Temenos meldet, dass die Eurobank EFG Private Bank Luxembourg S.A. (EFG) den Betrieb mit Triple’A Plus aufgenommen hat, der Portfolio Management Plattform, die Temenos seit der Übernahme von Odyssey Financial Technologies im Oktober 2010 im Angebot führt.

Aus Aktualitätsgründen folgt hier der englische Text der Mitteilung.

The project was completed in six months and included the implementation of client data management, portfolio management, modelling and monitoring, performance analysis and advanced client reporting. After Commerzbank Luxembourg, EFG is now Temenos’ second client to have implemented Triple’A Plus as its private banking front office solution alongside Temenos’ core banking software. Temenos has used the experience from these projects to develop a standard T24-Triple’A Plus interface, which is now available to all banks that require a best-of-breed private wealth management platform. Providing standardised connectivity between T24 and Triple’A Plus enables portfolio managers within a front and middle-office environment to efficiently manage investments for large numbers of complex portfolios and achieve maximal investment performance, with full connectivity to T24 and its back office processing capabilities.

Integrated, international and sophisticated approach
Commenting on the implementation, Lena Lascari, EFG Luxembourg’s CEO, remarked: “Our complete wealth management service offers an integrated, international and sophisticated approach to the management of wealth, drawing on a complete range of investment strategies and on many options for the disposition and administration for clients’ assets. This requires equally sophisticated and adaptable front-office tools which we now have and will allow us to continue developing our wealth management service offering”.

Automatic data synchronisation between T24 and Triple’A Plus
Jean-Michel Hilsenkopf, Managing Director, Temenos Private Wealth Management, comments: “T24 with Triple’A Plus provides an integrated front to back solution for both T24 and Triple’A Plus clients looking for a single vendor solution, with the associated benefits of an enlarged product set, centralised support and a common vision for providing solutions to the wealth management market. The success of the EFG project demonstrates our proven capacity to deliver Triple’A Plus on top of T24 in a short timeframe. The Triple’A – T24 interface allows our existing T24 customers to harness the powerful combination of Triple’A Plus and T24 out-of-the-box within a three to six month implementation.” The interface provides automatic data synchronisation between T24 and Triple’A Plus with the ability to restrict synchronisation to a subset of T24 customers. Orders initiated in Triple’A Plus are published to T24 online, and related transaction data received back into Triple’A Plus without user intervention.

T24 with Triple’A Plus Private Wealth Management offers an integrated multi channel front to back office private banking solution, which provides sophisticated portfolio management functionality, such as modelling, performance attribution and portfolio risk to high net worth and ultrahigh net worth clients, allied to comprehensive back office support and the unparalleled breadth of product coverage of T24. Triple’A Plus can also be deployed as a standalone front office solution interfaced with other back office platforms. (Temenos/mc/hfu)

About Eurobank EFG Private Bank Luxembourg S.A.
The EFG Group has expanded rapidly over the years to become an international banking group with, as at the 31 December 2010, shareholders’ equity amounting to € 6.7 billion, customers’ assets under management and administration of € 129 billion and around 25,000 employees in over 40 countries.

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.


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