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Symitar vs. Temenos Transact - Core Banking

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Symitar

    Score8 out of 10
    N/AJack Henry's Credit Union Core Platform, Symitar, is presented as an ecosystem for credit unions that helps them to grow membership. It aims to give members an intuitive experience across all channels with a core platform that is dynamic, comprehensive, scalable, and customizable. And the use can create enhancements, develop interfaces to third-party systems, and decide whether the cloud or in-house hosting is right for the organization.N/A

    Temenos Transact - Core Banking

    Score7 out of 10
    N/ASwiss company Temenos offers their establishing banking software for corporate and retail banks, as well as other kinds of banks such as those run in accordance to Islamic law, cooperatives, and non-bank community financial institutions. Temenos features a wide swath of bank management features, meant to support larger institutions with multiple locations with maximal task automation and system centralization.N/A
    Pricing
    SymitarTemenos Transact - Core Banking
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    SymitarTemenos Transact - Core Banking
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    User Ratings
    SymitarTemenos Transact - Core Banking
    Likelihood to Recommend
    8.0
    (1 ratings)
    8.0
    (1 ratings)
    User Testimonials
    SymitarTemenos Transact - Core Banking
    Likelihood to Recommend
    Jack Henry & Associates
    The system is quick and easy to use for our front-line staff allowing them to serve our members extremely fast. Additional functionality n some modules would allow us to move off some third party vendors and do it within the existing system.
    Incentivized
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    Temenos
    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.
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    Pros
    Jack Henry & Associates
    • quick and easy access to member accounts.
    • integrations with 3rd party vendors to enhance our member service experience.
    • online, mobile banking and shared branching integration allowing us to serve our members anywhere in the world.
    Incentivized
    Read full review
    Temenos
    • Payments
    • Retail
    • Corporate
    • Bulk posting
    • 24/7 reports
    Read full review
    Cons
    Jack Henry & Associates
    • Business services modules do have everything we would like.
    • Collections modules do not have everything we would like.
    • A way to allow users to update their software without them having to have local administrative rights.
    Incentivized
    Read full review
    Temenos
    • Technical documentation
    • High cost
    • slow when many user are logged in
    Read full review
    Return on Investment
    Jack Henry & Associates
    • It has allowed us to grow from a less than 500 million dollar in asset size credit union to a 2 billion dollar is asset size credit union over the past 20 years.
    • Growth is asset size achieved without sacrificing member service.
    • With our focus on member service and the usage of the system, we have seen continuous growth in our membership every year.
    Incentivized
    Read full review
    Temenos
    • High number of users
    • Handling bulk posting
    • Payments
    Read full review
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