SAP for Banking vs. Temenos Transact - Core Banking

SAP [needs] a UI upgrade soon - it is getting difficult to operate, especially when huge transactions are involved. SAP's mobile application however gives easy access to data and we can address and search it when needed. This also helps to provide appropriate information to customers and I can update the transaction details on the go.

Incentivized

Due to cloud based solution when I was not in town and want some technical assistance for branch or any financial transaction, it is easy to access it from anywhere plus there is 24/7 reports available. It is easy for development team for new functionalities to implement. There is one down side we experienced that whenever there are largen numbers of user signed in, system get but slow.

• Multi Deposit Management
• Credit & Loan Management
• Access Live Data

Incentivized

• Payments
• Retail
• Corporate
• Bulk posting
• 24/7 reports

• The think and thin ledger handling
• Regulatory compliance need

Incentivized

• Technical documentation
• High cost
• slow when many user are logged in

Direct banking-related software is not used but within [the] company, SAP is being used to interface with the Banking system.

Incentivized

• Robust solution, highly integrated, data protection, immense cyber security as positive.
• Highly complex to implement, the need [for] high knowledgeable consultants are negative impacts.
• Expensive for SME banks.
• High implementation costs.

Incentivized

• High number of users
• Handling bulk posting
• Payments