Temenos to Accelerate Mirabaud’s Digital Transformation in the Cloud
Mirabaud has announced the launching of the largest project the bank has ever embarked on, pushing ahead its highly regarded entrepreneurial and passionate team to the next level of client servicing thanks to the adoption of enhanced digital front and back-office capabilities.
Starting in the Spring of 2022, Temenos and Wealth Dynamix will be supporting Mirabaud's move from traditional on-premise systems to deliver a digital end-to-end wealth management platform for the Group over the next few years.
With the generational transfer of wealth, new regulations and growth in asset classes such as private equity or digital assets, the switch to SaaS (Software-as-a-Service) on Temenos Banking Cloud gives Mirabaud the agility to quickly adapt to changing investment opportunities and client expectations.
Mirabaud will also use the complete suite of Temenos wealth banking capabilities: from self-service channels and portfolio management to back-office processing, Payments, Financial Crime Mitigation and Data Lake. The breadth and depth of Temenos Wealth capabilities will enable Mirabaud to deliver a digital customer experience with personalized services and highly automated processes.
Max Chuard, Chief Executive Officer, Temenos, commented:"We are delighted that Mirabaud has selected Temenos to accelerate its digital transformation in the cloud. The private wealth management industry is changing rapidly, and traditional business models must adapt to meet today's client expectations. With Temenos' state-of-the-art cloud platform, wealth management firms can gain quicker time to market, massive scalability, and higher security. With Temenos, Mirabaud can continue evolving and innovating in the market to deliver exceptional client experience and attract a new generation of investors."
Gary Linieres, CEO and Co-founder of Wealth Dynamix commented:"We are absolutely thrilled to be working with Mirabaud, one of the longest established and highly regarded Swiss family-owned private banks. Mirabaud's vision is a great fit for our own – to transform their global business using our Saas platform, CLMi, to deliver digitised client journeys from early stage engagement and client onboarding to day-to-day relationship management. This vision is why CLMi exists, our technology will enable them to deliver the strategic change required to remain a leader in the rapidly changing market, whilst enhancing the character and reputation which has been their hallmark of success for so many years."
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