Nippon Wealth impalements Temenos' core banking solution T24

Nippon Wealth Limited has deployed Temenos' core banking solution, T24

Nippon Wealth Limited, a restricted licence bank, has deployed Temenos’ core banking solution, T24, to better serve its affluent customer base across Japan and Asia.

The deployment is expected to enable NWB to capitalise on the growing demand for wealth management services and support the bank’s expansion plans in Japan and Asia.

T24 is touted as a highly-scalable banking solution that offers end-to-end processing within a single, centralised system.

The platform enables streamlining and optimisation of transactions across deposits, bonds, mutual fund, insurance and loans.

The platform will also serve as a bank-wide general ledger, and facilitate NWB’s compliance and reporting with regulatory bodies and industry institutions, Temenos said.

NWB chief technology officer Ryutaro Uehara said: “Our operations in Hong Kong have taken off successfully after going live with T24. With the best infrastructure in place to deliver quality banking services to our clients, we are confident that our growth in the market will continue on its upward trajectory.

“We are pleased to partner with an industry leader like Temenos and deliver results within a short time period. We look forward to achieving greater heights and strong growth in this strategic market with T24.”