Temenos announces partnership extension with Citi to support global fund services business growth

Temenos announces partnership extension with Citi to support global fund services business growth
19.11.2019 09:35 am

Temenos announces partnership extension with Citi to support global fund services business growth

Banking

Temenos (SIX: TEMN), the banking software company, today announced that Citi has extended its existing contract for Temenos Multifonds Global Accounting to drive operational excellence, reduce costs and deliver digital customer experiences for its global fund services business. Temenos’ platform and integrated operating model delivers localized accounting and reporting to underpin the management of Net Asset Value (NAV) production.

Citi Equities and Securities Services, a long-standing partner of Temenos for more than a decade, provides an end-to-end service proposition for asset managers in more than 80 countries across the globe. Temenos Multifonds Global Accounting product provides an agile and flexible global platform on which Citi can expand its business and deliver differentiated services to customers.

Max Chuard, CEO, Temenos, said: “We are proud to support Citi’s global fund services business growth. The fund industry is an ever-changing environment, defined by evolving regulatory requirements, expense pressures and sophisticated client demands. For businesses to thrive in such a landscape, we believe investing in innovative and flexible modern software is key. Temenos Fund Administration products have the hallmark of excellence, delivering the cost and operational efficiencies to enable businesses to grow exponentially while also future-proofing their operations.”

Temenos has a 20-year track recording of providing class-leading fund administration software. Temenos Fund Administration products support $7 trillion assets and more than 30,000 funds worldwide.

 

Related News

The future of money is being rewritten in Asia

Disruptions that began with technological and business model innovations in other places are expressed in new ways in Asia. In banking, payments and retail, Asia is... Read more »

Traditional UK Banks are Failing to Engage with Users

Boomi™, a Dell Technologies business, today announced the results of its research on banks’ engagement with their customers... Read more »

FinecoBank Adds Support for Garmin Pay to Contactless Payment Devices

FinecoBank ("Fineco"), one of the most important FinTech banks in Europe, announces today that it will add Garmin Pay to its growing list of contactless payment devices.

... Read more »

YES Bank Launches API Marketplace

India's YES Bank has launched an online marketplace where startups from a host of sectors can pitch tools integrated with the lender's APIs.

The YES Scale Marketplace... Read more »

Tinkoff super-app boosts digital leadership in European fintech space

Tinkoff announced today the launch of Russia’s first super-app – and the first by any European financial services company – a versatile application designed to meet almost any... Read more »

New NatWest app features gives customers more control over their money

Customers using the NatWest app will now be able to easily see where their money is going with the new ‘spending’ tab which will show them how much they’re spending from their... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel