Philippines’ Metrobank selects Temenos to advance its wealth management business

GENEVA, Switzerland – MACRH 12, 2024 – Temenos (SIX: TEMN) today announced that Metropolitan Bank & Trust Co. (Metrobank), one of the Philippines’ largest banks, has partnered with Temenos and Collaboration Betters the World (CBTW) to implement Temenos Wealth, strengthening the bank’s dominant position in the highly competitive wealth management industry.

With Temenos Wealth, Metrobank gains access to the latest Temenos digital banking capabilities such as wealth analytics with embedded responsible AI, digital onboarding capabilities and self-service functionality, including robo-advisory and goal-based planning. Metrobank also benefits from Temenos’ advanced technology platform and composable API-driven architecture to easily extend and integrate the solution with existing and third-party applications, helping to reduce cost and risk while increasing business agility.

Developed specifically for advisors and portfolio managers, Temenos Wealth gives Metrobank a central view of important client information and will power portfolio management at scale, with increased productivity by automating investments, order generation, and compliance checks. This includes, for example, the ability to enforce automated workflows for client-facing units to ensure that proper controls are carried out and are logged as part of an audit trail.

The Temenos solution will be implemented by Temenos Delivery Partner, CBTW – a global company creating and delivering tech and business solutions. Temenos is an established global player in the wealth management space.

Fernand Antonio Tansingco, Financial Markets Sector Head, Metrobank, said: “We are excited to partner with Temenos and adopt their technology to modernize our wealth management capability. As a Bank that prides itself in helping our clients preserve their wealth to build lasting legacies not just for themselves, but also their families, we are always in search for innovative solutions that will allow us to provide a better experience for our clients. With Temenos onboard, we can continue to provide a highly personalized service to our customers.”

Ramki Ramakrishnan, Managing Director – Asia Pacific, Temenos, said: “We are proud to welcome Metrobank as a key customer for Temenos in the Philippines and to support them with the digital transformation of their wealth management business. With clients among the largest global financial institutions and boutique firms, Temenos Wealth is the de facto software solution for the private wealth management industry. With proven solutions and a robust presence in the Philippines we are committed to support Metrobank and its future growth.”

Pieter van Diermen, CEO APAC, Collaboration Betters The World (CBTW), said: “With extensive experience in implementing the Temenos solutions since 2012, a collaborative ethos, and a highly skilled software engineering team, CBTW is honored to stand as Metrobank’s preferred partner in driving their digital transformation through the implementation of Temenos Wealth. With a longstanding presence in Manila, Philippines, as well as throughout the APAC region, CBTW is dedicated to delivering exceptional services to bolster Metrobank in their mission to provide an unparalleled banking experience and ensure their customers are in good hands.”

About Temenos

Temenos (SIX: TEMN) is the world’s leading open platform for composable banking, creating opportunities for over 1.2 billion people around the world every day. We serve 3000 banks from the largest to challengers and community banks in 150+ countries by helping them build new banking services and state-of-the-art customer experiences. The Temenos open platform helps our top-performing clients achieve return on equity three times the industry average and cost-to-income ratios half the industry average.

For more information, please visit www.temenos.com.

About Metrobank

Metrobank is the country’s second largest private universal bank that empowers both retail and business clients with customized financial products and services fit to help reach their goals and full potential. It has an extensive consolidated network that spans over 940 domestic branches nationwide, more than 2,300 ATMs, and above 30 foreign branches, subsidiaries, and representative offices. The Bank believes that its robust capital position and balance sheet strength will provide ample support as it navigates through uncertain times. Capital ratios are among the highest in the industry, with total CAR at 18.3% and Common Equity Tier 1 (CET1) ratio at 17.4%. Consolidated assets stood at PHP3.1 trillion at the end of December 2023, making it one of the strongest and well-capitalized banks in the country.

For more information, please visit: https://metrobank.com.ph

About Collaboration Betters The World (CBTW)

CBTW is a global tech company with a presence in 21 countries and a team of more than 3,000 professionals. We believe in the power of collaboration and create and deliver innovative tech and business solutions to better the world. Through our Collaboration Operating Model, we empower our clients and coworkers to unlock their full business and tech potential. We operate across multiple domains including Strategy & Governance, Product Design & Growth, Software Engineering, Data Analytics & AI, Cloud & Enterprise Platforms, Cyber Security, Banking Technology Solutions, Smart Industrial Solutions, and Life Sciences Solutions.

For more information, please visit https://collaborationbetterstheworld.com/

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