Temenos had launched a new ESG solution, ESG Investing-as-a-service, in an effort to help banks and wealth managers meet the growing demand for sustainable investing.
Running on Temenos Banking Cloud, on any cloud or on-premise, the service accelerates time-to-market for ESG compliant products and reporting while reducing the cost of development.
The solution combines Temenos front office, market data management and digital capabilities, including powerful filtering, scoring and modelling techniques, with external data feeds from multiple providers to deliver a complete end-to-end service.
Using the Temenos ESG Investing service, banks can create investment products and power digital experiences that allow investors to choose ESG-compliant investments.
The solution provides pre-integration to third-party data vendors with ratings to evaluate ESG factors such as carbon footprint and water usage.
This can also evaluate social factors, including diversity and gender equality,as well as governance criteria including executive compensation.
Alexandre Duret, product director – wealth at Temenos, says: “At Temenos, our purpose is to power a world of banking that creates opportunities for everyone. With the new ESG Investing service, we will help private banks and wealth managers to become compliant, and their customers invest with a purpose.
“Available as a service on our open platform for composable banking, it provides a fast track for our banking clients to launch innovative ESG investment products underpinned by robust, compliant processes.”
