{"id":524644,"date":"2021-11-23T07:59:57","date_gmt":"2021-11-23T07:59:57","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=524644"},"modified":"2021-11-23T07:59:57","modified_gmt":"2021-11-23T07:59:57","slug":"nordea-investment-funds-selects-temenos-multifonds-to-scale-its-business","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/nordea-investment-funds-selects-temenos-multifonds-to-scale-its-business\/","title":{"rendered":"Nordea Investment Funds selects Temenos Multifonds to scale its business"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-522179\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1625127760758.jpeg\" alt=\"Temenos, Nordea Investment \" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1625127760758.jpeg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1625127760758-150x150.jpeg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/10\/1625127760758-100x100.jpeg 100w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/>Temenos, the banking software <a href=\"https:\/\/www.temenos.com\/?\">company<\/a>, announced Nordea Investment Funds SA, the largest asset manager in the Nordics, and part of the Nordea Group, has chosen Temenos Multifonds to transform its investor servicing activities in Luxembourg. Replacing existing on-premise systems with a modern technology solution in the cloud will enable the firm to scale and future-proof its operations.<\/p>\n<p>The collaboration with Temenos will enable Nordea Investment Funds to consolidate multiple systems on a single, cloud-native global platform, increasing efficiencies, reducing risk, and digitalizing operations and client interfacing. In particular, the firm can leverage a flexible retrocessions engine that can be customized to meet changing investor needs, with flexible accrual calculation and payment functionality, as well as fully integrated SWIFT connectivity to send and receive messages directly.<\/p>\n<p>With Temenos\u2019 cloud capabilities and API framework, Nordea Investment Funds will be able to scale efficiently, with agility and flexibility, to cater to the needs of the asset management industry now, and into the future.<\/p>\n<p>Nordea Investment Funds will use the Temenos migration tool and benefit from its expertise serving 9 of the top 15 transfer agents in Luxembourg to deliver a rapid implementation and time to value.<\/p>\n<p>Markku Kotisalo, Head of Fund Administration, Nordea Investment Funds said, \u201cAt Nordea Investment Funds, we are committed to our clients\u2019 success with services and solutions that adapt to their evolving needs. Improving our technology infrastructure with key partners such as Temenos is core to this strategy. Temenos open technology, built on cloud-native components, will allow us to bring new services to market faster to enhance the client experience and scale efficiently to support increased volumes. We look forward to our collaboration with Temenos on this important project.\u201d<\/p>\n<p>Oded Weiss, Managing Director, Temenos Multifonds said, \u201cWe are proud to support Nordea Investment Funds in transforming its transfer agency capabilities in Luxembourg. They share our belief in the power of open technology and the cloud to unlock innovation and drive growth. With Temenos, Nordea is future-ready to continue to enhance client service and scale efficiently for the digital era.\u201d<\/p>\n","protected":false},"author":16,"featured_media":522930,"parent":0,"template":"","categories":[11376],"tags":[11409,14130,14984,19937,12714,19938],"class_list":["post-524644","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-digital-banking","tag-digital-transformation","tag-luxembourg","tag-nordea","tag-nordea-investment-funds","tag-temenos","tag-temenos-multifonds"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nordea Investment Funds selects Temenos Multifonds to scale its business<\/title>\n<meta name=\"description\" content=\"Temenos announced Nordea Investment Funds SA has chosen Temenos Multifonds to transform its investor servicing activities in Luxembourg.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/nordea-investment-funds-selects-temenos-multifonds-to-scale-its-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nordea Investment Funds selects Temenos Multifonds to scale its business\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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