Temenos Transact - The banking solution
Rating: 8 out of 10
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
Likelihood to Recommend
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.