Monaco-based private bank Compagnie Monégasque de Banque is to implement TEMENOS’s T24 central banking system to replace its core systems. C...

Monaco-based private bank Compagnie Monégasque de Banque is to implement TEMENOS’s T24 central banking system to replace its core systems. CMB expect this to increase process efficiency through automation, and more easily meet its customer and operational reporting requirements. According to a statement from the bank, CMB needed a real-time processing solution which T24 provides along with a number of modular components, including an “Asset Management Front End” module. This offers a single customer view, performance attribution and modeling that allows effective management and interaction with the customer base.