Temenos T24 Transact

Temenos T24 Transact

by Temenos Group

Who Uses Temenos T24 Transact?

Designed for retail, corporate, and private banks, it is a banking management solution that helps with enterprise credit, transaction management, and more.

What Is Temenos T24 Transact?

Temenos T24 Transact is the most complete core banking product leveraging the most advanced cloud-native banking technology. Temenos T24 Transact takes the deep and extensive banking capabilities of Temenos T24 Core Banking, the worlds #1 core banking product which for 25 years has been supporting over 700 banks across all banking segments, and re-platforms them onto a new, cloud-native and cloud-agnostic platform.

Temenos T24 Transact Details

Temenos Group

http://www.temenos.com

Founded 1993

Temenos T24 Transact Pricing Overview

Temenos T24 Transact does not have a free version and does not offer a free trial. See additional pricing details for Temenos T24 Transact below.

Pricing Details

Contact Temenos Group for pricing details.

Free Version

No

Free Trial

No

Deployment

Cloud, SaaS, Web

Installed - Windows

Training

In Person

Live Online

Webinars

Support

24/7 (Live Rep)

Temenos T24 Transact Features

Banking Software
ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring

Temenos T24 Transact Reviews

Showing 5 of 16 reviews

Overall
4.8/5
Ease of Use
4.5/5
Customer Service
4.4/5
Features
4.4/5
Value for Money
4.2/5

T24 programming

Reviewed on 21/04/2019
Mikayilov S.
PROAGRAMMER
Banking, 501-1,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
4/5
Ease of Use
4/5
Features & Functionality
4/5
Customer Support
3/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: We are using Temenos T24 as a core bankin software.We store all customers data and process this data in temenos,also all data about our bank stored in temenos.With temenos u cannot lose any data , couse of temenos has a great data managment system

Pros: First of all it is easy to use for users and adminnistrators(programmers).Temenos supports multi language.
We (admins and developers) can control every single step in temenos.We have a lot of Tables in which we can set everything,such as deposit,loan rate,daily currency rate.In temenos we have special table for user settings(user sms group,hmm,hm,user) whis this tables we can control every user,so it is very flexible software

Cons: Somethink in T24 takes a lot of time,such as COB(close of business day),select,enquiries.I think this problems related with database

Top class ERP with flexible modules

Reviewed on 10/01/2020
Alexandru B.
CISO
Banking, 501-1,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5/5
Ease of Use
4/5
Features & Functionality
4/5
Customer Support
4/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: Good user interaction, easy administration and flexible licensing methods.

Pros: Out of the box performance is superb, provided you meet recommended hardware and software requirements. Easily portable from *NIX to Windows, friendly with both Oracle and MSSQL platforms, low hardware requirements/footprint.
User interface is easily customizable, as is access control granularity.

Cons: If you are unable to change your business process to the model bank, the app's customization is cumbersome and sometimes very cost ineffective.

Efficient Banking Application

Reviewed on 09/05/2018
Verified Reviewer
Bank Clerk
Financial Services, 501-1,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5/5
Ease of Use
5/5
Features & Functionality
5/5
Customer Support
4/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: Effective Core Banking System with scalability and rich functionality

Pros: I work as a bank teller and our organization has used T24 for the last two years. We are currently on R11 and are planning to upgrade soon to R17. The system has a lot of useful features that support core banking functions. It is also scalable and can support hundreds of users

Cons: T24 license and support costs are quite high. The current version that we are on does not have offline capability which is inconvenient during network downtime

Good company

Reviewed on 06/08/2018
Verified Reviewer
Lending Processing Manager
Banking, 51-200 Employees
Used the Software for: 6-12 months
Reviewer Source 
4/5
Overall
4/5
Ease of Use
4/5
Features & Functionality
3/5
Customer Support
3/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Pros: Super easy to use. It’s fast and most of the random features we want, it has. Makes mortgage fundings easy.

Cons: When we receive a disbursement error, it’s not easy to read the error it gives you. We spend a lot of time figuring out and pushing buttons trying to figure out what went wrong.
During implementation, they took forever getting our cases worked through. They kept pushing our go live date. They moved it about 3-4 times.

Efficient banking core

Reviewed on 16/12/2018
Verified Reviewer
Software Developer
Banking, 1,001-5,000 Employees
Used the Software for: 6-12 months
Reviewer Source 
5/5
Overall
3/5
Ease of Use
4/5
Features & Functionality
4/5
Customer Support
4/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: I have worked in the implementation of this banking core in an investment bank. Where, i developed the integrations of this banking core with other financial technologies that the client maintained.

Pros: It allows you to have in a solution all the branches of your financial institution, such as customer management, transactions and native support with other banking technologies. It is a very complete banking core, which is linked to both retail banking and investment banks, and any other company that provides financial services.

Cons: Depending on the size of your company, the complexity of the implementation may vary and sometimes requires a lot of initial configuration effort.