Business
Temenos acquires additiv to strengthen its Wealth proposition and accelerate AI-driven orchestration
Temenos acquires additiv to strengthen its Wealth proposition and accelerate AI-driven
About this update from Temenos Ag
Temenos AG (SIX: TEMN), a global leader in banking technology, today announced that it has entered into a definitive agreement to acquire additiv AG ('additiv'), a Switzerland-based fintech company that provides a specialist platform to orchestrate financial services (the 'Transaction'). The company integrates process steps and data into a single orchestration layer for wealth and other financial services workflows. additiv will become part of the Temenos Group upon completion of the acquisition. Temenos is a leader in the Wealth space, with an extensive global client base across tiers and geographies. The acquisition of additiv further strengthens Temenos' offering in Wealth Management with native mass-affluent capabilities and a proven AI-enabled orchestration layer. additiv's technology enables banks and wealth managers to rapidly design and launch wealth propositions across the full customer journey, helping financial institutions accelerate time-to-market, improve advisor productivity, orchestrate investment propositions across platforms, and deliver consistent, compliant client experiences at scale. additiv has 30 clients globally including leading wealth management, banking and insurance clients who have benefited from their market leading, out-of-the-box orchestration and mass affluent capabilities. With a fast, low-risk implementation model, additiv implementations taking as little as 3-6 months, compared to the industry standard of c. 12 months. The strength of the additiv platform and customer relationships has resulted in an NPS of +90 and NRR of 138%, with strong double digit ARR growth over the last three years. additiv is headquartered in Zurich, Switzerland, with 10 offices globally and c.200 employees. The acquisition is aligned with Temenos' strategic focus of strengthening its Wealth franchise and expanding AI-enabled experience and orchestration capabilities that amplify the value of its trusted core banking platform and is consistent with Temenos' disciplined capital allocation framework. Commenting on the transaction, Takis Spiliopoulos, CEO and interim CFO of Temenos, said: 'This acquisition strengthens our Wealth proposition at a time when we see strong, growing demand for our products across tiers and geographies in the Wealth segment, with financial institutions increasingly focused on launching scalable hybrid wealth models. add...