Temenos Releases ESG Investing-as-a-Service Offering

Temenos, a SIX-listed banking software company, announced on Tuesday that it launched ESG Investing-as-a-service, targeting banks and wealth managers. According to the press release, the offering was unveiled to 1,500 banking and fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term executives at Temenos Community Forum in London.

The service runs on Temenos Banking Cloud, on any cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term or on-premise, allowing time-to-market for ESG compliant products and reporting while reducing development costs. Temenos front office, market data management and digital capabilities are combined with external data feeds from multiple providers, including filtering, scoring and modelling techniques.

“At Temenos, our purpose is to power a world of banking that creates opportunities for everyone. With the new ESG Investing service, we will help private banks and wealth managers to become compliant, and their customers invest with a purpose. Available as a service on our open platform for composable banking, it provides a fast track for our banking clients to launch innovative ESG investment products underpinned by robust, compliant processes, including new MiFID rules applicable in the EU from August 2022,” Alexandre Duret, the Product Director in the Wealth Department at Temenos, commented.

What Is an ESG Investment?

An ESG investment is a method of investing in companies that adhere to one or more important ESG factors, such as social responsibility, sustainability and environmental impact. This presents an opportunity for banks and wealth management firms to drive growth and differentiate to meet their clients’ increasingly complex ESG requirements.

Marc Vanvilthoven, the Product Owner and Customer Journey Expert Investments at ING, added: “We have a long-lasting partnership with Temenos, and its wealth management solution allows us to deliver to our private banking customers advisory and discretionary management services. At ING, we always want to deliver world-class services to our clients. Temenos ESG Investing can accelerate time-to-market for ESG compliant products while reducing the cost of development and adopting standard features.”

Recently, the Swiss firm launched Temenos CEO Navigator, a subscription-based customer value benchmarking and advisory service.