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Temenos (SIX: TEMN), the banking software company, today announced that Tatra banka in Slovakia, part of the Raiffeisen Bank International Group, has selected Temenos Multifonds to transform its fund accounting and investor servicing capability. Supporting 37 funds and over 400,000 investors, Tatra banka provides the in-house administration for €3.8 billion in AUM, 23 percent of the entire Slovak mutual funds market and 31 percent of supplementary pension funds (Slovak 3rd pension pillar).
Tatra banka will implement Temenos Multifonds to replace the back-end systems for Tatra Asset Management (TAM), the largest mutual funds manager in Slovakia and its pension funds company (DDS TB). Consolidating multiple systems on a single, cloud-native global platform will increase...
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