Technology
Digital Digest: The Latest Tech News – Mirabaud, Wealth Dynamix, Temenos
The firm said the platform sharply reduces the total cost of ownership compared with on-premise or managed service software systems.
Mirabaud
Swiss private bank Mirabaud is launching a
digital “end-to-end” wealth management platform which it says
will support its move from traditional on-site systems over
the next five years. As part of the transformation, it is working
with Wealth
Dynamix and Temenos.
The announcement highlights how digital services are integral to
wealth management – a process arguably accelerated by changing
client/firm relationships and engagement as a result of the
pandemic.
Mirabaud will switch to software-as-a-service (SaaS) on the
Temenos Banking Cloud, the Geneva-based bank said.
The bank will use Temenos wealth banking capabilities from
self-service channels and portfolio management to back-office
processing, payments, financial crime mitigation and data lake.
The breadth and depth of Temenos Wealth capabilities will enable
Mirabaud to deliver a digital customer experience with
personalised services and highly automated processes. (A “data
lake” is a centralised repository that allows you to store all
your structured and unstructured data at any scale, according to
one internet definition.)
The Wealth Dynamix product, CLMi, is a software-as-a-service and
client lifecycle management solution. It delivers a digital
end-to-end experience for client engagement, client onboarding
and the client relationship management system to make
relationship managers more productive.