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Switzerland-listed banking software firm Temenos has announced that its global accounting platform has gone live at South African third-party administrator Curo Fund Services. Separately, Eurobank in Greece has chosen the firm’s Temenos Wealth platform.
Curo, in adopting the Temenos Multifonds Global Accounting platform, completes the first phase migration of funds from its five legacy systems. Curo provides investment operations and fund accounting services to life companies, asset managers and multi-managers. It serves 3,000 funds with assets under administration of more than $150 billion. Its clients include Sanlam and Old Mutual, South Africa’s largest asset managers.
Under the migration, Curo expects to switch all 3,000 funds to the Temenos platform during 2021.
In the second case, Temenos said that Eurobank, Greece’s third-largest bank, will use Temenos Wealth to create a fully-digital investment portfolio management service offering robo-advisor and goal-based investing apps. It will implement Temenos Wealth in two phases
Temenos Wealth covers areas from digital wealth to CRM to portfolio management, securities and core processing, market data management, analytics, AI and more.