Eurobank EFG Private Bank Luxembourg implements Triple’A Plus

Second Temenos client in production with integrated wealth management platform […]

April 27, 2011

Second Temenos client in production with integrated wealth management platform

Temenos, the market provider of banking software, today announced that Eurobank EFG Private Bank Luxembourg S.A. (EFG) is live with Triple’A Plus, Temenos’ leading portfolio management platform following the company’s acquisition of Odyssey Financial Technologies in October 2010. The project was completed in six months and included the implementation of client data management, portfolio management, modelling and monitoring, performance analysis and advanced client reporting.

After Commerzbank Luxembourg, EFG is now Temenos’ second client to have implemented Triple’A Plus as its private banking front office solution alongside Temenos’ core banking software. Temenos has used the experience from these projects to develop a standard T24-Triple’A Plus interface, which is now available to all banks that require a best-of-breed private wealth management platform. Providing standardised connectivity between T24 and Triple’A Plus enables portfolio managers within a front and middle-office environment to efficiently manage investments for large numbers of complex portfolios and achieve maximal investment performance, with full connectivity to T24 and its back office processing capabilities.

Commenting on the implementation, Lena Lascari, EFG Luxembourg’s CEO, remarked: “Our complete wealth management service offers an integrated, international and sophisticated approach to the management of wealth, drawing on a complete range of investment strategies and on many options for the disposition and administration for clients’ assets. This requires equally sophisticated and adaptable front-office tools which we now have and will allow us to continue developing our wealth management service offering”.

Jean-Michel Hilsenkopf, Managing Director, Temenos Private Wealth Management, comments: “T24 with Triple’A Plus provides an integrated front to back solution for both T24 and Triple’A Plus clients looking for a single vendor solution, with the associated benefits of an enlarged product set, centralised support and a common vision for providing solutions to the wealth management market. The success of the EFG project demonstrates our proven capacity to deliver Triple’A Plus on top of T24 in a short timeframe. The Triple’A – T24 interface allows our existing T24 customers to harness the powerful combination of Triple’A Plus and T24 out-of-the-box within a three to six month implementation.”

The interface provides automatic data synchronisation between T24 and Triple’A Plus with the ability to restrict synchronisation to a subset of T24 customers. Orders initiated in Triple’A Plus are published to T24 online, and related transaction data received back into Triple’A Plus without user intervention.

T24 with Triple’A Plus Private Wealth Management offers an integrated multi channel front to back office private banking solution, which provides sophisticated portfolio management functionality, such as modelling, performance attribution and portfolio risk to high net worth and ultrahigh net worth clients, allied to comprehensive back office support and the unparalleled breadth of product coverage of T24. Triple’A Plus can also be deployed as a standalone front office solution interfaced with other back office platforms.

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