Temenos Launches ESG Investing-as-a-Service for Banks and Prosperity Supervisors

Temenos unveils the new answer for sustainable investing at a time of history growth for Environmental, Social and Governance initiatives

GENEVA, Switzerland, May perhaps 24, 2022–(Organization WIRE)–Temenos (6: TEMN) now launched ESG Investing-as-a-assistance, helping financial institutions and wealth professionals meet up with the expanding need for sustainable investing. The supplying was unveiled to 1,500 banking and fintech executives at Temenos Local community Forum in London.

Jogging on Temenos Banking Cloud, on any cloud or on-premise, the provider accelerates time-to-industry for ESG compliant merchandise and reporting even though minimizing the cost of progress. The remedy brings together Temenos front business office, industry details management and digital capabilities, which includes strong filtering, scoring and modeling procedures, with external knowledge feeds from many vendors to supply a entire conclusion-to-conclusion support.

ESG investing, also termed sustainable, socially accountable, or influence investing, is a way of investing in companies centered on their commitment to just one or a lot more ESG components. It presents a enormous chance for banking institutions and wealth administration companies to generate growth and differentiate to fulfill their clients’ more and more refined ESG wants.

In accordance to examination by Bloomberg, world wide ESG belongings are on track to exceed $53 trillion by 2025, representing far more than a 3rd of the $140.5 trillion in projected total property beneath administration. World-wide initiatives supporting this pattern are also getting momentum, this kind of as the UN World Compact, the world’s largest company sustainability initiative, backed by 16,000 firms in 162 nations around the world.

Applying the Temenos ESG Investing company, banking companies can speedily produce expenditure products and power innovative electronic ordeals that permit traders to decide on meaningful investments and create a portfolio all-around their have values.

The alternative provides pre-integration to third-social gathering information distributors with quick-to-realize rankings to examine hundreds of ESG components. These include environmental elements such as carbon footprint and h2o usage, social elements such as diversity and gender equality, and governance aspects this sort of as executive compensation.

Tale carries on

Marc Vanvilthoven, Product or service Proprietor and Shopper Journey Qualified Investments, ING, mentioned: “We have a long-long lasting partnership with Temenos and its wealth administration resolution allows us to supply to our private banking customers advisory and discretionary management expert services. At ING, we normally want to provide earth-class solutions to our clients. Temenos ESG Investing can accelerate time-to-sector for ESG compliant products although minimizing the price tag of growth and adopting normal characteristics.”

Alois Pirker, Director, Prosperity Management Practice, Aite-Novarica Group, commented: “Prosperity managers’ need for responsible, credible, and clear ESG details has never ever been bigger. Aite-Novarica Group expects sustainable investing AUM to increase from its recent degree of US$35.3 trillion by 7% for each annum via 2025¹. As a result, we safely and securely hope heightened attempts for more knowledge standardization, higher demand from customers for insightful ESG facts from dependable facts resources, and deeper impression reporting platforms. Temenos’ new featuring, ESG Investing-as-a-Support, meets these requires and delivers prosperity managers a clear path to tackle developing client demand from customers for in-depth data and transparency relating to their investment options.”

Alexandre Duret, Item Director – Wealth, Temenos, reported: “At Temenos, our reason is to electrical power a planet of banking that results in opportunities for everybody. With the new ESG Investing service, we will help private banks and wealth supervisors to turn into compliant, and their clients commit with a function. Available as a service on our open platform for composable banking, it offers a quickly observe for our banking consumers to launch progressive ESG expense items underpinned by strong, compliant procedures, together with new MiFID regulations applicable in the EU from August 2022.”

Temenos has embedded sustainability in just its functions, value chain and products featuring, with potent ESG governance, reporting and measurable targets. The organization has endorsed the United Nations Worldwide Compact (UNGC) and supports the UN Sustainable Advancement Aims (SDGs). In addition to the FTSE4Great and S&P Sustainability Indices, Temenos has also been awarded an A- score by the Carbon Disclosure Undertaking (CDP) and acquired platinum recognition, placing Temenos amid the top 1% performers assessed by EcoVadis.

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About Temenos

Temenos AG (Six: TEMN) is the world’s chief in banking application. About 3,000 banking companies across the world, which include 41 of the major 50 banks, rely on Temenos to process the two the daily transactions and shopper interactions of much more than 1.2 billion banking shoppers. Temenos features cloud-indigenous, cloud-agnostic and AI-pushed entrance workplace, main banking, payments and fund administration software program enabling banking companies to provide frictionless, omnichannel buyer experiences and attain operational excellence.

Temenos software program is verified to allow its top-carrying out shoppers to realize value-cash flow ratios of 26.8% fifty percent the sector normal and returns on equity of 29%, 3 times the business common. These purchasers also invest 51% of their IT price range on progress and innovation versus maintenance, which is double the field ordinary, proving the banks’ IT expenditure is adding tangible benefit to their company.

For additional information and facts, remember to go to www.temenos.com.

¹ Knowledge quoted from ‘ESG Details Market place Dynamics Within Prosperity Management’ – Aite Novarica, December 2021

Perspective resource variation on businesswire.com: https://www.businesswire.com/news/home/20220524005566/en/

Contacts

Jessica Wolfe & Scott Rowe
Temenos World wide General public Relations
Tel: +1 610 232 2793 & +44 20 7423 3857
Email : [email protected]

Alistair Kellie
Newgate Communications on behalf of Temenos
Tel: +44 20 7680 6550
E mail: [email protected]