What is Temenos Transact - Core Banking?

Swiss 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.

Muhammad Adil Mujeeb View profile

T24 Technical Consultant in Information Technology at Khushhali Microfinance Bank Limited (1001-5000 employees employees)

Use Cases and Deployment Scope

Temenos Transact is being used for our banking functionality for retail, loans, treasury etc. We are using it for payments and retail banking mostly and due to its innovating and fast approach due to Temenos cloud we are unable to reach wide spread of our customers. We are able to access reports at anytime. As a development point of view it is very easy to build new functionality or customize plus deployment is not a big deal. It is reliable and secure and must have where financial transactions are involved.

Pros

Payments
Retail
Corporate
Bulk posting
24/7 reports

Cons

Technical documentation
High cost
slow when many user are logged in

Most Important Features

Cloud based
Multi-functionality
24/7 reports

Return on Investment

High number of users
Handling bulk posting
Payments

Other Software Used

Temenos Quantum (formerly Kony)

Temenos Transact - Core Banking

What is Temenos Transact - Core Banking?

Categories & Use Cases

Reviews

Temenos Transact - The banking solution