The Swiss organisation has talked about the ways it is making its wealth advisory and solutions more useful to private client advisors in an increasingly digital age.

Switzerland-listed Temenos has trumpeted its new digital wealth solution and advisory features.  

The firm said it has added “new functionality” in its digital wealth solution.

The new features give clients “instant, real-time visibility into their portfolio and streamline engagement with digital workflows,” the firm said. Clients can track portfolio health against investment objectives across a range of metrics such as asset allocation, risk, and investment constraints. They can review their investor profile and adjust their target strategy, the firm, which is listed on the Swiss stock exchange, said in a statement this week. 

“In the face of increased competition, the new advisory capabilities of our digital wealth solution provide established players the opportunity to stay relevant and expand their footprint with the new generation of high net worth customers,” Alexandre Duret, senior product director, Temenos, said. “Importantly, the solution enhances the digital interactions while supporting a hybrid-model that ensures optimal engagement between client and their relationship managers.”

Clients can also receive and respond to investment proposals and connect virtually with their relationship manager with integrated video chats and co-browsing by leveraging Temenos Exchange partners – all within a mobile app.

Temenos made its comments to coincide with its meeting with more than 40 private banks in Vienna at its 2023 Temenos Community Forum.

“The next generation of high net worth individuals (HNW) has a digital-first mindset,” Meghna Mukerjee, strategic advisor, Aite-Novarica Group, said. “With high levels of volatility and market uncertainly, there is an increasing need for curated digital servicing and digital advisory solutions that allow these HNW individuals to grasp the changing market dynamics quicker and give them greater control over their financial lives.”