Metrobank in the Philippines taps Temenos for its wealth management tech
Metropolitan Bank and Trust Company (Metrobank), a universal bank based in the Philippines, has partnered with Swiss banking solutions vendor Temenos to implement its private wealth management offering.
The Makati-headquartered bank will implement the Temenos Wealth solution to enhance its private wealth unit, which currently offers investment advisory, wealth planning, trust and fiduciary services, among others, to high and ultra high net worth clients and their families.
Temenos says its offering will provide the bank’s wealth management business with AI-powered wealth analytics, digital onboarding and self-service capabilities, including robo-advisory and goal-based planning.
These broadened abilities will support the automation of investments, order generation and compliance checks within the unit’s internal operations.
Fernand Antonio Tansingco, financial markets sector head for Metrobank, says the solution will “modernise our wealth management capability”, adding it will enable the bank to provide “a highly personalised service to our customers”.
The implementation will be overseen by Temenos’ regional delivery partner, Collaboration Betters the World (CBTW).