Technology

Digital Digest: The Latest Tech News - Temenos, South Africa, Greece

Editorial Staff, 12 May 2021

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The latest developments in technology services, products and trends around the world.

Temenos
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.

Greece
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.

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