In the modern financial landscape, the importance of innovation and digital transformation cannot be overstated. Today, we delve into an exciting development that is poised to redefine wealth management in the Philippines. Collaboration Betters The World (CBTW), a global tech and business solutions company, has announced a strategic partnership with Metrobank, one of the Philippines' top universal banks. This alliance is aimed at revolutionizing Metrobank's wealth management technology.
The collaboration between CBTW and Metrobank is not an ordinary partnership. It is a strategic move that will see CBTW support Metrobank in enhancing its wealth management services by implementing an advanced solution, Temenos Wealth. This alliance combines the prowess of two industry leaders to create a transformative force in the financial landscape, giving Metrobank a competitive edge in its wealth management services.
Temenos Wealth is a comprehensive solution that gives Metrobank access to a plethora of innovative features. It includes wealth analytics with embedded responsible AI, digital onboarding capabilities, and self-service functions like robo-advisory and goal-based planning. The selection of Temenos' advanced technology platform was largely influenced by its composable API-driven architecture, offering extensibility and straightforward integration with existing applications.
This collaboration further cements Metrobank's reputation as the preferred partner for High Net Worth (HNW) and Ultra High Net Worth (UHNW) clients. Metrobank has consistently demonstrated its dynamic and holistic approach towards wealth management, earning recognition as the best in its class.
Pieter van Diermen, CEO APAC, Collaboration Betters The World - CBTW, expressed his enthusiasm about the partnership. He highlighted CBTW's extensive experience in implementing Temenos solutions, a collaborative ethos, and a highly skilled software engineering team, which make CBTW the ideal partner for Metrobank's digital transformation journey.
Fernand Antonio Tansingco, Financial Markets Sector Head, Metrobank, also shared his excitement about the partnership. He emphasized Metrobank's commitment to offering innovative solutions that enhance the client experience and the bank's ability to provide highly personalized services to its customers.
Temenos, the provider of the game-changing wealth management solution, also expressed its commitment to support Metrobank's digital transformation. Ramki Ramakrishnan, Managing Director – Asia Pacific, Temenos, affirmed the company's dedication to supporting Metrobank and its future growth.
CBTW is a global tech and business solutions company with a presence in 21 countries. With a team of more than 3,000 professionals, CBTW prides itself on offering best-in-class software engineering services and banking technology solutions, helping clients expedite their digital transformation.
Metrobank is the country's second-largest private universal bank that empowers both retail and business clients with tailored financial products and services. The Bank's robust capital position and balance sheet strength make it one of the strongest and well-capitalized banks in the country.
Temenos is the world's leading open platform for composable banking, serving 3000 banks in over 150 countries. The Temenos open platform helps clients achieve return on equity three times the industry average and cost-to-income ratios half the industry average.
This strategic partnership between Metrobank and CBTW, powered by Temenos Wealth, is a significant step towards the future of wealth management. As the financial industry continues to evolve, this collaboration sets a benchmark for how technology and banking can synergize to better serve high net worth clients. The future of wealth management in the Philippines looks bright, thanks to the innovative strides of Metrobank and CBTW.
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