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TLDR:
Metrobank in the Philippines has partnered with Temenos to implement its private wealth management offering. The bank will use Temenos Wealth solution to enhance its private wealth unit with AI-powered wealth analytics, digital onboarding, robo-advisory, and goal-based planning. This partnership aims to modernize and personalize the bank’s wealth management capabilities.
Metrobank, a universal bank in the Philippines, has teamed up with Swiss banking solutions vendor Temenos to implement its private wealth management offering. The bank will utilize the Temenos Wealth solution to enhance its private wealth unit, which currently offers services to high and ultra-high net worth clients and their families. The solution will provide AI-powered wealth analytics, digital onboarding, self-service capabilities like robo-advisory, and goal-based planning. These enhancements are expected to automate investments, order generation, and compliance checks within the bank’s wealth management operations.
Key Points:
- Metrobank partners with Temenos to implement private wealth management offering.
- Tememos’ solution includes AI-powered wealth analytics, digital onboarding, and robo-advisory capabilities.
According to Fernand Antonio Tansingco, the financial markets sector head for Metrobank, this solution will modernize their wealth management capabilities, allowing them to offer a highly personalized service to their customers. The implementation of this solution will be supervised by Temenos’ regional delivery partner, Collaboration Betters the World (CBTW). This partnership is a significant step towards improving and personalizing Metrobank’s wealth management services for its high and ultra-high net worth clients.
