Digital Digest: The Latest Tech News – Mirabaud, Wealth Dynamix, Temenos

Editorial Staff 26 April 2022

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.

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.

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